Jay-Z Invests in Robinhood

Jay-Z’s company Arrive is making money moves. Arrive

recently announced that it would be investing in Robinhood, a stock trading app.



Arrive, announced in early February 2018 that it is investing in the App trading platform Robinhood. Robinhood offers commission-free trading of U.S. stocks, ETFs/options. They also announced it would soon be offering free cryptocurrency trading as well.  The trading platform allows users to invest in popular cryptocurrencies like Bitcoin and Etherium.


Robinhood, Champion of Equitable Financial Access


“We believe in Baiju and Vlad’s mission to make the financial markets more accessible and cost-efficient for customers of all sizes,” Arrive President Neil Sirni said. “Robinhood will have our support as they execute the long-term vision of their company.”

Over 80 percent of users are millennials and it is currently the fastest-growing brokerage. And guess what else?? Jay-Z is not the first artist in his field to back Robinhood —  the company also has rappers Snoop Dog and Nas. The invested in the fall of 2014.


Arrive President Neil Sirni said that their goal was to make trading easy for anyone through a mobile app and to eliminate the $7 to $10 trade fees charged by most brokerages. This is one to definitely to download if you haven’t already. DOWNLOAD NOW.


i have also added Robinhood to my arsenal. If you want to join Robinhood click here and you can get a free stock!

High CD Rates – What You Need To Know

A CD or certificate of deposit, is a low risk, fairly high return investment. You agree to deposit a set amount of money for a set amount of time and in return your bank will pay you a set amount of interest (sometimes the interest rate will be flexible but often it’s a set rate). CD’s are covered under the FDIC insurance or NCUA for a credit union.

This method of investing is far more secure than the stock market, and you will make more money than you would with a standard savings account but it does have it’s downsides.

Here are a few things to keep in mind while deciding if investing in CD’s is right for you:

1) You can go to various websites like bankrate.com to compare interest rates. Just remember interest rates are only one of the things you should take into account when considering opening a CD.

2) The terms can be a few months to 15 -20 years, generally the longer the term the higher the interest rate. If you start early and you are investing for college or retirement this may not be a bad way to go.

3) You will incur substantial penalties if you withdraw your money early. You will lose some, or maybe even all, of your interest. The bank is paying you a higher interest rate so they have a guarantee that the money will be available for a set time. That’s why they will hit you with a big penalty if you close your account early.

It’s very important that you fully understand the penalty amounts and when they will be accessed. Different banks will have different penalty amounts, compare them before you choose a particular bank.

4) You need large deposits usually between $500- $1,000 to open a CD. If you are just starting out you may not have enough money to deposit. You can open a CD at your local bank or credit union, online banks, or with a brokerage house.

Taking control of your finances now can lead to a much more secure, and less stressful, future. Finding high cd rates and opening an account is a great way for you to prepare for your future, but just like with any investment option CD’s are not for everyone. Make sure you know all the facts before you hand over your money.

Choosing A High Interest Saving Account.

You know the saying, ” Today is the first day of the rest of your life” well it’s true. No matter what shape your finances are in you can always take steps to improve them starting today. One of those steps will probably involve opening a high interest saving account.

You have more choices than ever when it comes to opening a savings account. You don’t just have to stick with your local bank. You can open one online at many large national banks.

There is some evidence to suggest that an online account will make you more interest since the bank doesn’t have as much overhead. This isn’t written in stone though so make sure you check. You will usually need a higher deposit to open a high interest rate account and will often have a higher minimum balance to maintain.

Before you rush off to open an online savings account here are a few points you should keep in mind:

1) Interest rates are always changing so before you make your decision visit a website like bankrate.com. But remember, interest rates should be only one consideration when choosing a bank.

2) Make sure whatever bank you choose, whether online or off, has a very competent and easily accessible customer service department. You need to be able to talk to someone if you ever have a question or problem.

3) Make sure you fully understand any fee’s associated with your account. Some savings accounts only allow you a certain number of withdrawals a month after which time you will be charged fee’s. You need to know this and determine if it will fit in with your habits.

You may also be charged significant fee’s if your balance falls below the required minimum balance. Make sure you know beforehand. Even a bank that offers a high interest rate may not be worth it if they are going to ‘nickel and dime’ you to death with a bunch of fee’s.

4) How much money will you need to deposit in order to open the account? Usually the larger the deposit the higher the interest rate, but not everyone has a lot of money to open an account.

5) Do you have to maintain a minimum balance? If so, how much and what fee’s will be accessed if you fall below that level? Again, think about your situation and decide whether or not that arrangement will work for you.

6) Most banks are FDIC insured, online or off, but don’t take that for granted. Always make sure the bank you choose is FDIC insured. (If it’s a credit union it will be NCUA insured).

It doesn’t matter if you open your account at your local bank or choose an online bank. The important thing is that you find a way to put money aside so that if something unexpected happens you won’t have to rely on using credit. Opening a high interest saving account is a great way to take control of your finances, start today.