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re: Robinhood Gold
Posted on 5/2/20 at 11:08 pm to Jag_Warrior
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
2
Posted on 5/2/20 at 11:25 pm to AMS
What’s margin calls?
Posted on 5/4/20 at 8:44 am to AMS
quote:
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
So there's no margin interest being charged, just the monthly fee... which is applied whether the margin is being used or not?
Not trying to be thick here, but what is the advantage of this over say, TD Ameritrade, Schawab or any of the majors (apart from their $2500 minimum for a margin account)?
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