Avoid Robinhood App Mistakes

You can increase giving through wise investing.

‘Robinhood’ is a free-trading app that doesn’t charge commissions or fees. It appeals to mobile users with a median age of 30, but let me give you two warnings: don’t borrow money to invest and don’t invest in anything that you don’t understand. Borrowing money as part of your trading process is dangerous. Overconfidence and arrogance after a few good trades can put you on a slippery slope.

As Solomon said: “Pride goes before destruction…” (Proverbs 16:18) So be humble enough to ask for advice and listen to counsel. Invest wisely so you can give where God directs! And remember the Proverb, “The plans of the diligent lead to profit as surely as haste leads to poverty.” (Proverbs 21:5)

For help on your stewardship journey, visit crown.org.