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Message
Moving shares into Robinhood
Posted on 6/20/20 at 9:27 pm
Posted on 6/20/20 at 9:27 pm
I know most everyone's feelings toward Robinhood but I only use it for Tesla (I don't really trade individual stocks) so I have an account.
I am about to inherit around 50000 in Southern Co stock. Can I just move this into my Robinhood account. What is the process? How does Robinhood handle dividend stocks?
I just buy and hold my Tesla stock and will hold the Southern stock as well so I'd rather not open another brokerage account.
I am about to inherit around 50000 in Southern Co stock. Can I just move this into my Robinhood account. What is the process? How does Robinhood handle dividend stocks?
I just buy and hold my Tesla stock and will hold the Southern stock as well so I'd rather not open another brokerage account.
5
Posted on 6/20/20 at 9:43 pm to planecopy
Nice on the 50k
I would personally sell the SO and buy Vanguard VPU
I would personally sell the SO and buy Vanguard VPU
This post was edited on 6/20/20 at 9:46 pm
Posted on 6/20/20 at 9:48 pm to planecopy
You can, but I'd recommend webull instead. Webull doesn't charge but your outgoing broker might.
Posted on 6/21/20 at 7:53 am to planecopy
You are a millionaire trading Tesla on Robinhood? I really hate that the OT has invaded MT, but I am about to be one of those types when I say this. Open an account with a real brokerage that doesn’t crash and is just a data collection group that sells information.
As for Southern Co. stock, can you take the stepped up cost basis and sell the shares? Depending on the date of death you may not want to do that because of the gains. I’d look into that before I trusted Robinhood with $2.6 million dollars, especially given their known problems with crashing on a day you may want to be able to move money like that around.
As for Southern Co. stock, can you take the stepped up cost basis and sell the shares? Depending on the date of death you may not want to do that because of the gains. I’d look into that before I trusted Robinhood with $2.6 million dollars, especially given their known problems with crashing on a day you may want to be able to move money like that around.
Posted on 6/21/20 at 8:05 am to go ta hell ole miss
50 grand value not 50,000 shares
Unless I’m reading it wrong
and no, I would not deposit 2.5MM at robinhood LOL if that is the case
Unless I’m reading it wrong
and no, I would not deposit 2.5MM at robinhood LOL if that is the case
Posted on 6/21/20 at 1:22 pm to cgrand
Lol. Good catch
Posted on 6/21/20 at 3:11 pm to planecopy
quote:
Moving shares into Robinhood
Given their recent colossal failure, I wouldn't touch that platform ever.
This post was edited on 6/21/20 at 3:13 pm
Posted on 6/21/20 at 8:57 pm to JayDeerTay84
Yes 50k value not 50k shares.
I have a financial advisor that handles my retirement accounts and some other investments.
I don't trade individual stocks other than Tesla. I know Robinhood has some problems but I like the app and I'm not day trading just buying and holding.
I have a financial advisor that handles my retirement accounts and some other investments.
I don't trade individual stocks other than Tesla. I know Robinhood has some problems but I like the app and I'm not day trading just buying and holding.
Posted on 6/21/20 at 9:37 pm to JayDeerTay84
quote:
Given their recent colossal failure, I wouldn't touch that platform ever.
I just got started with stocks and used Robinhood. I've noticed that is sucks big fricking nut sack. what do you guys use?
Posted on 6/21/20 at 9:46 pm to poncho villa
Robinhood is the goat dude. do not listen to boomers when it comes to investing platforms.
Posted on 6/21/20 at 10:40 pm to Dr.Funke
Did you reply to this with your alter or are you another human? It seems that way, but I'm also two bottles of wine shared and a beer or two deep.
Posted on 6/21/20 at 11:54 pm to planecopy
I’d seriously consider Webull. Trading hours 4AM to 7PM. I’ve seen sooooooo many complaints about Robinhood. Worst it just going down pretty often.
Posted on 6/22/20 at 12:15 am to TheWiz
quote:
Did you reply to this with your alter or are you another human? It seems that way, but I'm also two bottles of wine shared and a beer or two deep.
ha ha oops. both are me. The reply was posted from my phone and is my account I created almost 10 years ago. I recently got a new computer and have no idea my original password so I created this new account recently.
Posted on 6/22/20 at 3:49 am to Dr.Funke
quote:
I don't trade individual stocks other than Tesla. I know Robinhood has some problems but I like the app and I'm not day trading just buying and holding
Seems kinda foolish to move a substantial amount of money to a notoriously unreliable exchange just because you like the fancy line graph on the app
Posted on 6/22/20 at 4:33 am to Mr Perfect
quote:
Robinhood is the goat dude. do not listen to boomers when it comes to investing platforms.
Well, I am a millennial so.....
I use Fidelity. There is literally, nothing Robinhood can do that Fidelity can't and more Fidelity can do than Robinhood can do and..... Free trades.
There was a time when the "free trades" of the apps was appealing, but not anymore.
Posted on 6/22/20 at 5:47 am to JayDeerTay84
ui better with Robinhood and I'm mobile trader
free options trading on Robinhood. fees on fidelity
crypto on Robinhood, none on fidelity. what you think going to happen to usd inflation when jpow keeps money printer going. think about it my guy
free options trading on Robinhood. fees on fidelity
crypto on Robinhood, none on fidelity. what you think going to happen to usd inflation when jpow keeps money printer going. think about it my guy
Posted on 6/22/20 at 5:59 am to JayDeerTay84
So I am just getting back into it and using E*trade. What are the differences/advantages to going with Fidelity/Robinhood etc. Am I getting hammered on fee's I am not aware of?
Posted on 6/22/20 at 6:34 am to Mr Perfect
quote:
crypto on Robinhood, none on fidelity. what you think going to happen to usd inflation when jpow keeps money printer going. think about it my guy
What you going to do when RH crashes again?
Think about it my guy.
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