I just bought a football team...no seriously I'm now a part owner of a football team. But it's not the NFL, it's the FCF. FCF stands for Fan Controlled Football, which is a league that allows the fans to become part of the game. Not only that, but they allow the average Joe to become an owner as well! I like to think of this as real life Madden Franchise Mode.
You may be thinking, AJ, what does this have to do with Investing or Finances in general? Well this is an Alternative Investment. An Alternative Investment is when you invest your money into something other than the stock market. Bitcoin for example, to some, is considered an alternative investment, even though it was created to be a Currency. Gold, Silver, and Real Estate are all Alternative Investments. And investing in Startups like the FCF League is an alternative investment. In this post, not only will I tell you about the FCF League and why I invested into it, but I will also tell you how you can invest in Alternative Investments if you're interested.
What is Fan Controlled Football?
Robinhood is in hot water with its customers after recently stopping trading in GameStop, as well as other stocks many people in the reddit forum Wall Street Bets had their eyes on. Many are now looking for Robinhood Alternatives, and even started the hashtag #DeleteRobinhood. I've even personally noticed an uptick in the views of my Investing Tutorial videos for other investment apps. There are also Apps who are moving away from the Payment for Order Flow model, and/or providing account transfer bonuses, in order to appeal to those who may be disgruntled.
I'll give you a list of brokerage accounts which can provide you with many of the same features as Robinhood. So first I'll talk about what are the main features that attract people to Robinhood, and what other brokerage accounts can offer you some of the same features.
User Friendly Mobile App
One of the main things that attract users to Robinhood is the easy of use, or user friendliness of the app. Now I would say that what one person considers user friendly will vary, so almost every app in this video is an app that I would personally consider user friendly. That leaves 5 specific features that I want to focus on for this list of alternatives.
1) Free Trading
2) Fractional Shares
3) Automated Share Purchases
4) Options Trading
These are 5 features Robinhood offers which I believe make it a very attractive app, whether you are a new or seasoned investor. Here are the apps you may want to consider which provide some of these same features.
This is not a head to head ranking of which app is the best investment app, I will start off with the apps that provide at least 2 of the 5 features mentioned above, increasing the number of matching features as we go along.
Matches 2 of 5 Features
AJ Mobile Money
Husband | Father | YouTuber | Former ATLien
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