At BroStocks we are all about aspiring to improve and hope to inspire our readers to do the same. Whether that’s through investing, trading, developing a side hustle or new entrepreneurial venture, we write about the how-tos to help you develop into a better and more profitable version of yourself. Sometimes in focusing so much … Continue reading Lessons from Market Wizards: How to Use Your Beliefs to Reach Any Goal
So, you have a few grand burning a hole in your pocket. Maybe you’ve managed to hold onto your job through this whole COVID-19 crisis and just received some government stimulus money. You want to take a shot at learning trading but there are too many options to decide on. Options? Forex? Crypto? What about…penny … Continue reading 7 Reasons Why Beginner Traders With Small Accounts Should Focus on Penny Stocks
In February we introduced a concept called The Sleep Easy Portfolio: How to Sleep Easy in Any Market Environment With Just Four ETFs. We had no idea that a historic market crash and ensuing bear market was right around the corner as a result of a global pandemic. While the news has been pretty terrible … Continue reading The Sleep Easy Portfolio: Did Asset Allocation Work During the Coronavirus Market Crash?
Are you a trader or an investor? If you’re new to the stock market this question might seem trivial, but it’s important that you’re clear on the distinction. Many investors make mistakes by taking on the behavior of traders, and many traders often lose money when mistakenly acting like investors. Investors enter positions for long-term … Continue reading Seven Key Differences Between Investors and Traders
Update: On April 7, 2020, NASDAQ halted trading of Luckin Coffee (LK) indefinitely.Update: On May 11, 2020, Luckin Coffee's Board fired CEO Jenny Qian Zhiya, and COO Jian Liu.Driven by a tech savvy strategy combined with efficiently laid out stores, Luckin Coffee went from a concept in late 2017 to having more store locations in … Continue reading What happened to Luckin Coffee? A big blow in its attempt to knock off Starbucks in China
In the wake of negative United States economic news this month, there's been a lot of talk about stock buybacks. The controversy is this: should major companies that have been buying back their own stocks as a means to prop up their share prices and give back to investors during the long bull run be … Continue reading Why Are Stock Buybacks Bad?
In a recent piece on building a portfolio that can withstand any market environment, we discussed how many considered a 100% stock portfolio as the place to be during the last ten years. Then came a global pandemic and oil price war that set stocks back about 30% year to date. Disappointingly, other asset classes … Continue reading Hiding Places: Profitable ETFs During the Coronavirus Bear Market
On Monday, March 9, 2020 something that rarely happens took place. When the S&P500 dropped 7% within 3 minutes of the markets open, it triggered a 15 minute closure of the market known as a circuit breaker. The equities and options exchanges, according to the New York Stock Exchange, have procedures to kick in a … Continue reading What is the Purpose of a Circuit Breaker for the Market?
Disclaimer: BroStocks is a financial entertainment website. We do not offer investing or personal finance advice. None of the investments mentioned below should be considered recommendations. Please do your own research before investing your own money. I remember sitting in an Atlantic City hotel room in June 2017. I was with a few of my … Continue reading How to buy Bitcoin or other Cryptocurrency on Robinhood
Robinhood Customer Support: Best Contact Methods at a Glance1. Website: Create a ticket at the following link: http://robinhood.com/support2. In-app: Select "Contact Us" in app, follow instructions. 3. Email: Send an email to: email@example.com. Twitter: Robinhood offers limited support at @AskRobinhood on Twitter. 5. Phone number: Robinhood does not offer live phone support. Call (650) 940-2700 … Continue reading Robinhood Support: How to Contact Robinhood If You Have a Problem