Follow These Steps to Purchase Index Funds on The Robinhood Login Account
Step 1: Open An Account on Robinhood You have to create your account through the Robinhood mobile app to start funding. Just click the “Sign Up” button and enter your “Personal Information” and “Contact Information.” After that, verify your identity and submit your application.
Step 2: Link Your Bank Account You have to link your bank account to your Robinhood Login account in the application process. After linking your bank account, you will see a couple of small deposits to prove your bank account ownership. After that, you have to verify the received deposits by clicking on the “Account Icon” and start funding into your Robinhood Login account.
Step 3: Select The Index Fund Open the Robinhood Login mobile app on your mobile. Go to the search bar, type “Index Funds,” and hit the “Enter” button. Now, the list of index funds will be open on your screen.
Select the “Funds” that you want to buy. After clicking on your desired fund, you will see the whole details of the index funds. This includes an overview, portfolio, statistics, volatility, etc. The second method is also available to browse index funds; click the “Profile Page,” and the list will appear on the screen.
Step 4: Select How Many Shares You Want to Purchase At the bottom of the screen, click the “Buy” button. After that, you will see the estimated cost and the number of shares that you want to purchase.
Step 5: Buy the Index Fund with Money in Your Robinhood Login Account Once you select the shares, click the “Review” button at the bottom of the screen. If you have plentiful funds in your account, your order will execute, and if you don’t have funds, the order won’t be executed because the Robinhood Login account does not pull money from your checking account.
