Is money in Robinhood account safe?
I have 160k cash in Robinhood account. I have saved money to buy house.
Is it fdic insured? Think it is
Yes
Yes upto 500k last time I read
When you have TBills offering a similar rate or better from a tax pov why put it in RH cash?
Bro why don’t you put that in wealthfront or acorns or some automated investment platform
Yes
T bills don’t have state tax, interest payments from Robinhood and banks do.
How to buy tbills? Tried googling but couldn't figure out. Any info is appreciated
Can't you only buy $10k worth of bonds anyways?
Robinhood is just a brokerage. It all depends what you have it doing at Robin Hood
As long as you don’t invest in stocks
No, tech fundamentally is not blaming, yet. You have some degree of exposure.
If it is not invested in stocks then it is safe as it is FDIC insured. I used earlier Voyager, when it duped I got my un- invested money in couple of months.
No,