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re: Robinhood Gold
Posted on 5/2/20 at 2:57 pm to Jag_Warrior
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
1
Posted on 5/2/20 at 11:52 pm to DiamondDog
If you were referring to me, my plan was to use the margin to supplement the purchase of blue chip stocks. I have seen some great opportunities lately and thought it may be a good way to add some buying power.
I am not a big time investor, but I do have over 5k invested with RH, so I’m comfortable with any potential margin call. My health in the account as far as margin is good. I like the other benefits of RH Gold as well. I was just saying that the $1000 margin comes with Gold so it seemed like a good deal to me.
I am not a big time investor, but I do have over 5k invested with RH, so I’m comfortable with any potential margin call. My health in the account as far as margin is good. I like the other benefits of RH Gold as well. I was just saying that the $1000 margin comes with Gold so it seemed like a good deal to me.
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