How do I swap my shares from one stock to another In Robinhood?
To swap your shares from one stock to another in Robinhood, you will need to sell your current shares and use the proceeds to purchase shares of the new stock. Here's how you can do this:
1. Open the Robinhood app and navigate to the "Home" screen.
2. Tap on the stock that you want to sell. This will take you to the stock's page.
3. On the stock's page, tap on the "Trade" button.
4. Select "Sell" and enter the number of shares you want to sell. You can choose to sell all of your shares or just a portion of them.
5. Confirm the sale and the proceeds from the sale will be credited to your account as soon as the trade settles.
6. Once the sale has settled, navigate back to the "Home" screen and tap on the search bar.
7. Search for the stock that you want to purchase and tap on it to go to the stock's page.
8. Tap on the "Trade" button and select "Buy." Enter the number of shares you want to purchase.
9. Confirm the purchase and the shares of the new stock will be added to your portfolio.
Keep in mind that there may be tax implications for selling your shares, so it's important to consult with a financial advisor before making any changes to your investments.