Looking for feedback or if there is a catch anywhere TC $400K
The catch comes afterwards when they execute your orders in bulk and become the middle broker themselves
Catch is that the value of the equity transferred should be on their platform for 2 years. For IRA transfers, the value of the IRA should be on RH platform for 4 years or 5 years
2 years for IRA. RH does not charge for options if you want some extra boost for your holdings here and there. I would say that offer is ok. I personally moved there over 100k.
What happens when you transfer stocks and sell within 2 years? Do you get 1%?
You can sell them, just keep the money within RH.
RH is horrible after GME saga, I closed RH account. If you compare trade fills between RH and Fidelity, you will always get better price on fidelity compare to RH. I wouldn’t trust RH any more. Fidelity also has option where you can loan your stocks and earn more without doing anything. 1% is nothing ! Educate yourself with other options out there.
Any downside to stock lending ?
I would never risk freedom to use 100% of my money for 1% bonus. That’s just nuts.
Have about 500k cash in fidelity. Never felt safer
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1% on the amount that’s how many cup of coffees?
If you transfer a $1M portfolio… that’s a lot of cups of coffee
Someone with $1M portfolio in stocks wouldn’t be having that question or an answer to that question Roasted myself, you and OP