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Started By
Message
Robinhood Gold
Posted on 5/1/20 at 1:43 pm
Posted on 5/1/20 at 1:43 pm
For $5/month gives you $1000.00 margin included.
Seems like a good deal to me.
The first $1000 is included in the Gold membership for the $5 a month.
You guys use this?
Seems like a good deal to me.
The first $1000 is included in the Gold membership for the $5 a month.
You guys use this?
4
Posted on 5/1/20 at 1:47 pm to True23Tiger
Sounds like a good deal for Robinhood.
Posted on 5/1/20 at 2:17 pm to True23Tiger
You got enough funds to cover the margin call?
Posted on 5/1/20 at 2:51 pm to True23Tiger
quote:
For $5/month gives you $1000.00 margin included.
Seems like a good deal to me.
The first $1000 is included in the Gold membership for the $5 a month.
You guys use this?
I assume 'included' in this context means no interest on the first $1,000 of margin?
I am an investing and Money Talk newbie, but have been using Robinhood to get my feet wet and was considering upgrading to Gold for this.
This post was edited on 5/1/20 at 3:02 pm
Posted on 5/1/20 at 5:44 pm to DiamondDog
yes sir have enough to cover the margin call
Posted on 5/2/20 at 1:58 pm to True23Tiger
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?
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
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
Posted on 5/2/20 at 11:25 pm to AMS
What’s margin calls?
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.
Posted on 5/3/20 at 12:13 am to lsuguy13
When it looks like you lost the margin so the creditor asks you to pay up. = its not margin anymore, it’s debt lol
Posted on 5/3/20 at 2:37 am to True23Tiger
You know what makes a loss worse? Debt. Goodluck but I’ve seen enough go bad to just keep it simple.
Posted on 5/3/20 at 8:42 am to DiamondDog
I understand that, but the debt for the $1000.00 that I am using is included in the $5/month fee to upgrade to Gold.
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)?
Posted on 5/4/20 at 10:58 am to Jag_Warrior
It gives people with little money the opportunity to F up their lives.
Posted on 5/4/20 at 4:22 pm to DiamondDog
quote:
It gives people with little money the opportunity to F up their lives.
Also the opportunity to make more $
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