There are countless investing strategies and styles, but one thing that holds constant is that all investors rely on various tools to give them an edge in the market. Below are some of my favorite tools and how we recommend to use them:
Robinhood is my recommended primary brokerage for a number of reasons. Below are the main pros:
Charles Schwab is my recommended secondary brokerage. Why have two brokerages? In short, because I have yet to find a brokerage that can do everything. While Robinhood grants access to most stocks, cryptocurrencies and is very intuitive for new investors, it lacks the ability to invest in OTC stocks. For that, I recommend using a secondary brokerage such as Charles Schwab.
Koyfin is my recommended financial analysis platform, and it can be thought of as a free version of a Bloomberg Terminal. [FYI, the Bloomberg Terminal is an analytics platform that banks pay tens of thousands of dollars to use, per person.] Koyfin certainly has less information than the Bloomberg Terminal but it still provides all of the fundamental financial information any investor could want and much more.
One of the most valuable assets to any investor is timely and relevant information. Google can give that to you for free, making it my recommended News and Content Platform. The Google Feed is a standalone app that works in conjunction with your other google activity. The app itself looks very similar to a Facebook Feed, except that instead of serving you content based on the pages you like, it serves you content based on your google search activity. Personally, I use various google accounts on to ensure I am served timely and relevant information on all of the disruptive trends I am covering.
Webull is a brokerage but I have not used it as a brokerage and therefore I cannot recommend it as such. Nevertheless, the Webull Mobile App is free to use and does provide some valuable features even if you are not using Webull as your brokerage, making it my recommended Portfolio and Stock Tracking Platform.
Here are some of the useful functionalities on the Webull Mobile App
There is only one drawback. The Webull simulated holdings feature does not automatically update based on your trades on robinhood (or any brokerage), you need to manually make sure your Webull Simulated Holdings are up to date with your actual holdings.