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Started By
Message
Is there a catch with Robinhood?
Posted on 4/2/20 at 12:58 am
Posted on 4/2/20 at 12:58 am
Is it a good place to start investing?
6
Posted on 4/2/20 at 1:04 am to True23Tiger
quote:sure. just make sure you pull your funds out in a little under 4 years.
Is it a good place to start investing?
Posted on 4/2/20 at 4:03 am to castorinho
Why 4 years?
Posted on 4/2/20 at 7:03 am to True23Tiger
I would look into it a little more if you are having to ask MT. Why do you want to use Robinhood v. others? Which others have you researched to compare with Robinhood? It seems popular amongst young investors and many of them do not even realize why it was popular, they just follow the heard.
Posted on 4/2/20 at 7:23 am to True23Tiger
Most big platforms have zero commission trades now, I don't know why you'd pick Robinhood over TD Ameritrade or E-Trade that have been around much longer.
Posted on 4/2/20 at 7:36 am to rintintin
quote:
I don't know why you'd pick Robinhood over TD Ameritrade or E-Trade that have been around much longer.
The buy/sell interface on Robinhood has a considerably lower learning curve than the traditional online brokers.. the difference is even more apparent when trading options, etc.
I've been transitioning away from RH as gain more experience, but I could definitely see a complete newbie being more comfortable there because of ease of use
Posted on 4/2/20 at 7:49 am to True23Tiger
Just use fidelity. Stay away from robinhood, as many have been screwed by them.
Posted on 4/2/20 at 8:02 am to jmcwhrter
quote:
The buy/sell interface on Robinhood has a considerably lower learning curve than the traditional online brokers.. the difference is even more apparent when trading options, etc.
I've been transitioning away from RH as gain more experience, but I could definitely see a complete newbie being more comfortable there because of ease of use
All of this.
I started with a couple grand in Robin Hood and learned a lot but as you gain money and experience you should leave Robin Hood. I’d never put more run you’re willing to immediately lose in Robin Hood
I use E*TRADE now and have never looked back.
Really you shouldn’t even start in Robin Hood but it’s a low learning curve and a useful tool for beginners.
But it is riddled with problems as a company and platform.
Posted on 4/2/20 at 8:36 am to True23Tiger
It's a fine place to start but ultimately its a phone app with limited info available.
Posted on 4/2/20 at 8:38 am to hiltacular
Other than it crashing for days and you not being able to get out of positions.....it is fine.
Posted on 4/2/20 at 10:23 pm to jmcwhrter
Not trying to be a dick (really), but explain to me how a person could have trouble figuring out a simple UI at a place like TD Ameritrade or Schwab, but yet, they can *effectively* trade options. Sorry, but something about that just doesn’t register.
Posted on 4/2/20 at 10:28 pm to True23Tiger
If you bank with chase has theirs
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