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re: Robinhood Gold
Posted on 5/2/20 at 1:58 pm to True23Tiger
Posted on 5/2/20 at 1:58 pm to True23Tiger
I'm not familiar with Robinhood Gold. But what's the reason for paying $5/month to have margin or a margin account? How much money has to be in the account for you to have $1000 of margin?
2
Posted on 5/2/20 at 2:57 pm to Jag_Warrior
If I remember correctly from back in 2018, it was at least $1,000 to get a $1,000.
I don’t think I would recommend it for him.
If he is asking about $1,000 of margin that means he doesn’t have enough money to be risking and more than likely he isn’t going with Blue Chip stocks and holding if playing with margin.
He is at risk if he is going with low dollar or high volatility stocks of not paying the margin maintenance. I’d bet that’s what’s going on.
But you know, idiots keep breathing every day.
I don’t have a whole lot of money to put into the market. I also don’t get the returns others do because I try to grow a portfolio over time with low risk, low volatility stocks.
I stay away from margin at all ways possible. But that’s me.
I don’t think I would recommend it for him.
If he is asking about $1,000 of margin that means he doesn’t have enough money to be risking and more than likely he isn’t going with Blue Chip stocks and holding if playing with margin.
He is at risk if he is going with low dollar or high volatility stocks of not paying the margin maintenance. I’d bet that’s what’s going on.
But you know, idiots keep breathing every day.
I don’t have a whole lot of money to put into the market. I also don’t get the returns others do because I try to grow a portfolio over time with low risk, low volatility stocks.
I stay away from margin at all ways possible. But that’s me.
This post was edited on 5/2/20 at 3:00 pm
Posted on 5/2/20 at 11:08 pm to Jag_Warrior
quote:
I'm not familiar with Robinhood Gold. But what's the reason for paying $5/month to have margin or a margin account? How much money has to be in the account for you to have $1000 of margin?
Not much of a fan of margin, but gold gives you pre and post market trading capability. A couple extra hours to make some moves could go either way depending on your prowess and luck.
But if you put 1k in a blue hip with a safe dividend of >2% then you at least recover the fee +change. Not much but that’s my .o2
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