Best platform for FAANG stonks mid term investment
I am planning to invest around 10k in FAANG stonks, mostly Amazon and leave it there for 1-2 years.
I though about doing that through Robinhood but the multiple posts about lack of customer service are scaring me away. This is a relevant chunk of my wealth and I don't want to risk getting locked out of the app for some reason and losing them.
What is a good platform for this kind of investment? considering that:
* I don't need to check the evolution daily but just leave it there, so app or not or nice UI is not
an important factor.
* I want it to have some minimal functionality to set stop orders in case the stock drops too much, etc.
Oh yeah, also any opinion on Amazon? It seems a quite safe bet to me, if any strong opinions against open to hear them
comments
Strong +1 to all FAANG stocks. May be distribute equally in all of them so you are placing bets in all areas, E-commerce, ads recovery, 5G etc.
I am mostly worried of unfair game in their side like dragging the checkout process with never-ending bureaucracy to encourage you to spend the money in the platform again (casino tricks). Maybe I am completely off about that, but would love to hear your experience. About a week like any normal transaction?
I dont think RH would do this. It actually is not beneficial for RH to make you lose your money by making you spend it, same is true for all retails investors like Charles Schwab, MS etc. Doesn't make sense from business model perspective. They would want you to invest well and be happy as it increases their AUM and still their order flow revenue stays the same.
Just some of my thoughts.