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Finance

What Is a Cash Account in Robinhood? (And How To Get Converted)

In the general sense of purchasing a stock, a cash account in brokerage means you need to pay for everything you want to buy. Or in other words, you’re not allowed to borrow to pay for transactions. Specifically, when it comes to a cash account in Robinhood, the organization clearly states that your money/funds need

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Finance

What Is a Dividend Reinvestment Plan and How Does It Work

What is a Dividend Reinvestment Plan and how does it work? Dividend Reinvestment Plan, short for ‘DRIP,’ is an innovative concept that enables investors to automatically reinvest their cash dividends back into the same stock they received the dividends from. The dividends can either be invested into full shares, or fractional shares. What Are the

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Finance

What Are Fractional Shares? Everything You Need to Know

What are fractional shares? The definition of fractional shares is true to its name where you can buy a fraction, or a part/portion of a share, as opposed to purchasing the entire full share. For example, say Company X is trading at $10,000. Typically, the way it works is that if you need to buy

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