- Commission-free stock trading app Robinhood announced it is launching investment profiles with insights
Robinhood — the commission-free stock trading app founded by Vlad Tenev and Baiju Prafulkumar Bhatt — has announced new features which provide new ways to learn who you are as an investor along with tracking investments you care about and exploring what is available on Robinhood.
“We’re introducing new investment profiles with insights that help you better understand how you’re investing. Your profile will show you what percentage of your portfolio is invested in stocks, options, ETFs, and crypto, including a breakdown by sectors and types. We’re also adding other insights, like how many of your investments have upcoming earnings or states where your investments are concentrated,” said Robinhood in a statement.
If you are interested in diversifying your investment mix, you can tap a category to discover stocks, ETFs, and cryptocurrencies in that category. And in order to make profiles feel families, Robinhood is giving you the ability to customize your profile by selecting a color scheme, creating a username, and uploading a photo that represents you. The profiles will start rolling out next week in the Account tab.
“We’re adding more control and customization for the stocks, ETFs, and cryptocurrencies you’re following. Now, you can create and follow your own lists of stocks, ETFs, and cryptocurrencies you’re interested in. You can add unique names, like ‘Want to Buy’ or ‘Need to Research,’ and opt into notifications about price movements, breaking news, and events,” added Robinhood. “We’re also adding the ability to sort lists by symbol, price, and % change, making it easier to find stocks, ETFs, and cryptocurrencies based on criteria you care about.”
Plus Robinhood also revamped the experience for Collections and now you can add them to your lists. For example, there are Lists like ETFs, Hospitality Stocks, and Bitcoin Family to help you learn what is available on Robinhood.