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re: My experience with transferring an IRA to Robinhood for the 3% match
Posted on 5/2/24 at 3:34 pm to npt817
Posted on 5/2/24 at 3:34 pm to npt817
From what I understand their hand was forced w the stop on trading Gamestop due to clearinghouse collateral requirements. I dont remember the details but remember listening to a couple of reputable podcasts about the situation. I'm not concerned w payment for order flow since Im only buying when I make contributions or dividends accrue. Any other shady stuff I should be aware of?
When I've asked in the past, the criticism was vague or focused on the meme stock trade halt.
If there are issue I should worry about, not too late to take my $ to anpther broker and lose the match.
When I've asked in the past, the criticism was vague or focused on the meme stock trade halt.
If there are issue I should worry about, not too late to take my $ to anpther broker and lose the match.
This post was edited on 5/2/24 at 3:47 pm
1
Posted on 5/2/24 at 6:30 pm to TorchtheFlyingTiger
Without any warning or notification they halted only the buying of certain stocks not the selling. Which created a panic mass sell off. They easily could have just halted trading completely of those stocks until the alleged collateral issue was resolved. Call me skeptical but it was pretty damn shady then and still is today.
I’d rather have my money with a company that doesn’t have a record of doing something like that to its customers. Who knows, maybe down the road they just halt the withdraw button.
I’d rather have my money with a company that doesn’t have a record of doing something like that to its customers. Who knows, maybe down the road they just halt the withdraw button.
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