💧 Learn how to grow your Robinhood portfolio with dividend reinvestment plans. Today we’re discussing Robinhood DRIP investing and the benefits of the new Robinhood dividend reinvestment plan. 🔽🔽🔽
🧩️ My Robinhood Fractional Shares Review:
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☑️ Video Timestamps:
0:00 – Intro
0:17 – What Is Robinhood DRIP?
1:18 – How To Enable DRIP
2:00 – How Does It Work?
3:25 – How To Disable DRIP
7:29 – Maximizing DRIP Power
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☑️ Robinhood DRIP Investing Explained:
– Helps grow your investments over time
– DRIP automatically reinvests your cash dividends back into your stocks and ETFs
– Works great with Robinhood fractional shares
– Helps with dollar-cost-averaging your investments (DCA)
– Can Enable/Disable DRIP on individual stocks
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🛑 More Fractional Share Investing Apps:
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– 🔮 Stash:
– 💼 M1 Finance:
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★ INVESTING DISCLAIMER: This video, and YouTube channel, are educational and NOT financial or investing advice. I am not an investing professional nor do I offer suggestions on individual stocks. I share my opinions and experience on investing apps and platforms. Please invest at your own discretion.
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About this video:
In this Robinhood app tutorial, Erik from Everyday Investing explores the new Robinhood dividend reinvestment plan and how you can use this feature to help automate your investing. He also shows you how to set up DRIP investing on your Robinhood app and discusses why it works so well with Robinhood fractional shares.
* Sponsorship Disclaimer:
Today’s video is not sponsored and all the opinions expressed in this video are from my own thoughts and experience.
**Affiliate Disclosure:
This video and description contain affiliate links. As an Amazon Associate, and affiliate of other companies, I earn fees from qualifying purchases and referral commissions from qualifying leads and registrations.
If you have any questions after watching today’s Robinhood investing app review feel free to let me know in the comments below!
#EverydayInvesting #RobinhoodInvesting #RobinhoodApp
🧩️ Robinhood Fractional Shares Review: https://youtu.be/1zDbrsaNR2Y
📊 Full Robinhood App Review: https://youtu.be/GxrmxfswOQI
🚨 More Robinhood App Tutorials: https://youtube.com/everydayinvesting
💎 Free Robinhood Stock Sign-Up Bonus: https://investingapps.com/robinhood
How do you know your position in line for fractional shares when you sign up?
Robinhood has me on a waitlist. How long do you have to wait? I am tempted to move my portfolio elsewhere.
when dividend gets reinvest will it buy the share at the same price you bought the other shares or the current market price?
Been buying fractional shares for about 2 weeks but DRIP option does not appear on my account, I contacted customer support and I was told the DRIP feature will roll out to users in waves, just like the fractional shares
Can you withdraw from robin hood to bank accounts like Revolut , N26 etc…?
In what situation would you personally choose to disable an auto stock?
I dont see this feature on mine .. what
I'd like to note that "Dividend" options did not show up in app or on the website until I had my first Dividend pending. This is probably by design, but as a new person to the Robinhood platform, I was a little confused why I couldn't see it when I had stocks that had dividend yields. So don't fret if you are also new and don't see it. Also, this was my experience, and maybe there was another rca for my not seeing the option initially.
What if I don’t enable dividends? Will I lose out on money? Sorry not an expert
Thanks very much. Super helpful
If I only own 2 fractional shares out of all the stocks that I own, and I only enable RH DRIP for these shares- will the dividends from my other stocks go towards my cash balance? As in should I keep the other stocks disabled if I want their dividend payout transferred to my cash balance? Hopefully my questions makes sense, and thanks for the video! It’s very helpful ☺️
What are the cons of drip investing?
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The ad on this video just dissed on all YouTube investing videos lol
Are there any disadvantages of Drip?
Great information
How you can start investing in dividends i enable the app for dividends but how can you buy a dividends after enabling the setting app
If DRIP isn’t enabled where are your dividends or what’s being done with them?
Seems to me that applying a drip to an etf on Robinhood or Questrade is the best way to use a drip. Would you agree? This is something I’m planning on doing
Quick question, I see that I can enable Tesla's but it doesn't have any dividends. Does that mean that whatever I earn in dividends, does it automatically distribute evenly across all that I have enabled?
Very good
Why is this good it sales your stocks at the high and buys them the next day even higher when instead you can sale high Squirreling all the earnings for a dip instead!
Thank you for sharing this information. It’s very helpful. I already have drip showed enables and only one stock is selected for reinvestment, for example, I choose to reinvest to sp500 etf. But I don’t see I have extra fraction added to this etf. But I already earned dividends. So where did the dividends go? For example, I have $50 dividends, why don’t I have x fractional share of sp etf increment?
Thank you!
Thanks for the info ! You make it easy to understand for a neophyte like me.
Thanks for the vid! You made it super easy to understand.
Thank you for speaking like a normal human and explaining this 😂
does the dividend reinvestment get taken from your buy power
Does the DRIP work if the total in dividend payment for a specific stock comes out to less than $1?
So when do they actually take your dividend and put it back into the stock? Is it everyday? Is it every quarter? And don't I have to give this to my tax lady who does my taxes? Don't I get taxed every dividend that goes in?
Ive been using drip for 6 months or so idk ive been a bit sketched out cause it’ll reinvest at the highest point so instead of reinvesting at stock open it’ll wait till the highest price 😂anyone else notice this?
So there is no negative side effect to this and also does this work on fractional stocks
Hi! Great channel! Thank you for all of your help. I have a question please. Do you see any disadvantages to Robinhood Drip under the terms and conditions that need to be clicked before signing up? Thank you!
Hi there, I have some questions. Today oil prices going down 8% but why DRIP doesn’t move up?