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App of the Week - Robinhood

App of the Week, Robinhood App, Geek Chicago

Finding reliable help when it comes to managing money and investments can be hard to come by, especially for free. That’s why, if you’re looking to start investing without a ton of experience or overhead, the Robinhood app should be high on your list of possible solutions.

Robinhood isn’t your average stock app. On top of buying and selling stocks, you can also use the app to invest in ETFs (exchange-traded funds) and options, and trade cryptocurrencies including Bitcoin and Ethereum. Users can look forward to a cash management component that’s coming down the pipeline.

You won’t have to worry about unwanted data collection from your stock portfolio. Robinhood uses a state-of-the-art security program and encrypts your portfolio information to ensure only you control your investments. The app also protects up to $500,000 of securities and is a member of the Securities Investor Protection Corporation (SIPC).

Besides the helpful investment opportunities, Robinhood can be customized for users to receive push notifications on the latest market trends. It also offers searchable collections of stocks to discover, so you’ll never miss a great chance to make a new investment.

There are both desktop and mobile versions available, so that tracking your investments can be done with ease and at your convenience.

While Robinhood’s most basic functions are included in the free app, more advanced traders have the option to upgrade and begin margin trading and carrying out multi-leg option strategies for a small fee of $10 per month.

Intrigued by the features of this investment app? Are you looking for other apps and gadgets that can make your day-to-day life a little easier? Be sure to follow our team on Facebook and Twitter to stay up on the latest, greatest, and geekiest.

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Jason Finn

Founder & Chief Geek

Jason has nearly 20 years of consulting experience, predominantly in the technology space. Most recently he was the COO and Director of Technology for Rich Casto & Company, a national training and consulting organization in the real estate industry.
As a consultant for IBM, PricewaterhouseCoopers LLP, and Envision Consulting Group (now IMS Health), Jason has served clients of all sizes, including Big Pharma, Fortune 500, and Global 1000 companies:

  • Allstate Insurance Company
  • AOL (America Online)
  • Astellas Pharmaceuticals
  • Eli Lilly and Company
  • Ford Motor Credit
  • Wockhardt USA (formerly Morton Grove Pharmaceuticals)
  • Norwich Union
  • PNC Bank
  • Reynolds and Reynolds

Sarunas Budrikas

Creative Director

Sarunas is a web design and development expert with hundreds of successful projects in his portfolio. He is passionate about delivering extraordinary user experiences for every client and consistently goes above and beyond everyone’s expectations. As an SEO expert and strategist, he can optimize your website, or app, to get the most out of it, day in and day out. Sarunas holds a degree in Electrical Engineering from Kaunas Technology University, in Lithuania. Sarunas now lives in Chicago, and calls it home.

Alexandra Olsavsky

Client Experience Specialist

Alex specializes in content generation and social media promotion for Geek | Chicago clients, helping to solidify their presence in the online community. This includes blog writing, graphic design, co-ordination and design of weekly newsletters, and active engagement on Facebook, Twitter, Google+, and LinkedIn. Outside of Geek, Alex is a classically-trained soprano who professionally performs around the city of Chicago (most recently with the Chicago Baroque Band, and with the Rolling Stones for their "50 and Counting" tour).