I just glanced at my Robinhood app and realized that I joined on January 8, 2016, which made yesterday my third anniversary of using the app. That seems like as good an opportunity as ever to take stock and share my overall impressions so far. The company seems perfectly scrupulous Robinhood attracted a lot of damaging, well-deserved publicity last month for the botched … [Read more...] about Robinhood 3-year anniversary review: I love it, but it’s terrible
Search Results for: robinhood
Since the product was announced on Thursday I've been following with interest the drama surrounding Robinhood's "Checking and Savings" product, which has since been put on hold and rebranded as a "Cash Management" account. It's an interesting story about the brokerage and banking industries, and I think it's possible at this point to piece together what Robinhood was thinking, … [Read more...] about What was behind Robinhood’s very bad week?
I don't think you should invest in individual stocks, but gambling is, famously, fun, and when I want to gamble on individual stocks I use the Robinhood iPhone app, which offers commission-free trades for stocks and ETF's listed on US exchanges. If you were so inclined, you could even use it as your primary taxable brokerage account, although I don't believe you can link it to … [Read more...] about The Robinhood free stock catch (and an easy workaround)
I've written elsewhere about the Robinhood app and Robinhood margin accounts (branded as "Robinhood Gold"). One issue raised on the Saverocity Forum was that Robinhood's margin interest rates were high compared to those offered by Interactive Brokers, generally considered one of the cheapest sources of margin credit for retail investors. I … [Read more...] about All-in margin account rates at Robinhood and IB
Become a Patron! The late Paul Volcker is famously said to have quipped that he hadn’t seen a worthwhile financial innovation since the ATM, which makes him slightly more cynical than even I am. In fact, I think we're on the brink of a real revolution in shareholder democracy. Mutual funds and direct ownership are competitors Vanguard has offered low-cost, commission-free, … [Read more...] about Direct indexing and shareholder democracy