Robinhood was planning to launch in the U.K in 2020. But it looks like they have abandoned those plans. Thankfully if you're looking to invest in US stocks without paying any commissions, there are a couple of good options- eToro and Stake.
I currently use both of these platforms. I use Stake to invest in ETFs and I use eToro to build a portfolio of tech stocks (like Apple, Tesla, Netflix, Amazon etc).
Here are my favourite Robinhood alternatives:
YouHodler is a service that lets you earn interest on your crypto. It's basically a savings account for your crypto where you earn interest on your Bitcoin, Ethereum, Ripple, and more. What's more they offer interest of up to 12% – way higher than the interest you'd earn on traditional savings account.
I've been using this tool for the past couple of weeks and wanted to share my full YouHodler review.
Did you know that you can make money by writing on the popular blogging platform Medium? Medium has a partner program that pays you when people read your content. If you've been looking to make money from your writing, then this could be a good option.
Here is how to start making money on Medium:
Have you heard of copy trading but not known where to start? This is my guide on how to start copy trading on eToro. I've been trading and copy trading for the last 5 years or so. I think its a great way to learn more about investing and economics and tap into the knowledge base of more experienced traders.
2020 has been a pretty crazy year so far and markets have been volatile. But there have been traders who have been able to take advantage of this volatility and had success. This is where copy trading is super powerful. You can tap into the traders who are making the most of these trying times.
Are you looking to make the most of your time during the Coronavirus Lockdown? Now is the perfect time to pick up some new skills. And what better skills to learn then ones that can help you make some more money. With a potentially long lasting recession (or worse) on the horizon, being able to make extra money is hugely valuable.
So start using all that spare time with these super useful, and potentially profitable skills:
The markets are currently crazy. Does that mean you should steer clear of investing and instead stash a pile of cash under your mattress? Well there are a few things you can do that will make investing during the Coronavirus Pandemic a little less crazy.
These are my tips for investing at the moment:
Note – This post doesn't apply to US customers
Here are my top eToro trading tips for 2020. Each year I like to put tougher a little guide on what I think works best. Of course this is just my experience and you should do your own research to make sure it's the right type of investing platform for you.
So what is eToro? eToro is a popular social trading platform. It's a bit like if you combined Facebook with a Broker. Each trader has a feed that you can follow. You can see the trades they have opened and closed and you can even copy those trades using eToro's copytrading feature.
There are countless lists out there of ways to make more money. But I've found many of them to near useless – with a lot of junk ideas that I know don't actually work. So I want to put together a list of ways you can make cash, that actually work. I've tried and tested all of these methods and I've included how much money I actually make. Best of all – anyone can copy these ideas.
Here are some of my top ideas for making a little extra cash in 2020.
During 2020 there will be a Bitcoin Halving event. What this basically means is Bitcoin Miners will receive half the reward they currently get for successfully mining a block.
This means there will be much less Bitcoin being created everyday. And due to the simple economics of supply and demand, many people believe this will push the price of Bitcoin Higher.
Did you know that if you're currently saving money in a bank account, you're probably losing money. That's all thanks to inflation. Over time your money is worth less and less. That's why decades ago you were able to buy a house for $10k and why just a few years ago a cup of coffee cost a little less. If your bank is only paying you between 0-1% interest and inflation on average is around 3%, the simple maths says you're losing wealth.
Because of this, people who are smart with their money choose to invest rather than just save. So here are some of my picks for the top investing apps in 2020: