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Robinhood app

Posted on 1/16/19 at 4:43 pm
Posted by High C
viewing the fall....
Member since Nov 2012
53803 posts
Posted on 1/16/19 at 4:43 pm
Is this thing legit or no? The reviews are wildly inconsistent. I must admit that free trades seem a little too good to be true.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80777 posts
Posted on 1/16/19 at 4:49 pm to
It is all I've used for the past 3 years. Legit AF
Posted by Suntiger
BR or somewhere else
Member since Feb 2007
32961 posts
Posted on 1/16/19 at 5:42 pm to
I use it and haven’t had any issues.
Posted by Wade Phillips
Member since Dec 2008
572 posts
Posted on 1/16/19 at 7:35 pm to
Legit. Childhood friend is a top programmer for them. We had a 2 hour convo a couple months back about their revenue streams, ultimate vision, etc. that was enlightening. I wouldn’t use it for day trading, but for longer term buy and hold investing, it’s great. Saved thousands on commissions in the past 4 years. Plus they add a new feature all the time.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7133 posts
Posted on 1/16/19 at 8:37 pm to
quote:

revenue streams, ultimate vision, etc.


Are they ever going to offer the 3% savings account?
Posted by RBWilliams8
Member since Oct 2009
53417 posts
Posted on 1/17/19 at 1:37 am to
I use it for swing trading.

Day trading doesn’t work for many reasons.
Posted by Wade Phillips
Member since Dec 2008
572 posts
Posted on 1/17/19 at 8:01 am to
quote:

Are they ever going to offer the 3% savings account?


Sounded like that was one of their next priorities. Also, index funds may pop up.
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1541 posts
Posted on 1/17/19 at 9:53 am to
Legit. Used it for about 3 years now. Easy to use.

coincollections@hotmail.com if you have more questions.
Posted by Powerman
Member since Jan 2004
162223 posts
Posted on 1/17/19 at 1:17 pm to
I like it and I like the web version as well
Posted by LATECHgradLSUfan
LA
Member since Sep 2007
3266 posts
Posted on 1/17/19 at 2:30 pm to
quote:

Legit AF


this
Posted by High C
viewing the fall....
Member since Nov 2012
53803 posts
Posted on 1/18/19 at 11:32 am to
Thanks guys. I’m gonna download and have a look. I’ve been in mutual funds for 20+ years, but want to do a little on my own, using my own research.

Like I said, I’m a newbie. How do you guys fund your Robinhood account? Personal bank account?
This post was edited on 1/18/19 at 11:48 am
Posted by lsujro
north of the wall
Member since Jul 2007
3921 posts
Posted on 1/18/19 at 1:15 pm to
quote:

Like I said, I’m a newbie. How do you guys fund your Robinhood account? Personal bank account?


yes. easy peazy. your cash in robinhood doesn't earn you interest (this is one of their revenue streams.)
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