Robinhood Vs CharlesSchwab Vs Any other platform
Hello - I would like to know which stock trading platform is better? I prefer investing in small caps and mid caps and very rarely in large caps. Any inputs will be appreciated. TC - 135K Family TC - 290K
Robinhood - terrible support, can take days to answer a query that my TDA would answer in a minute. But it’s free :-)
Schwab is good for long term I use Robinhood to mess around
This is good approach. Probably for large caps Schwab is good as I prefer retaining them for longer term.
I use fidelity. For the $4.95 per trade their customer service totally makes up the $50 a year I use on commissions
I use both. Robinhood: No IRA More frequent downtime Great place for frequent traders Schwab: Great 100% US based customer support Overall, they do everything well, but they charge $5 per trade.
I understand there is no commission on the trade. But, is there any account fee for Robinhood?
Capital minded just did a big takedown of Robinhood that was pretty on point. http://capitalminded.com I’ll try to summarize: Robinhood is only suitable for fun money....not serious investing. Their clearing house sucks at accounting and routinely screws up your basis info; you can’t do real tax loss harvesting because they only offer FIFO; there’s no interest paid in their sweep account; you can’t name beneficiaries so good luck to your family if you die; and the customer service sucks so good luck if you have a problem. If you want to invest in individual stocks use interactive brokers, period. The $1 transaction fees pay for themselves since you get far better trade execution than robinhood. If you want to invest in ETFs (which should comprise the majority of your portfolio), get a Vanguard account. They’re about to offer free trades on all ETFs starting next month. Also they’re a big stable boring company so you can trust them to hold your money for the next 30 years.
Any company that goes through this exponential growth will need a lot of catching up to do. Coinbase customer service used to suck , but is a lot better now. I believe once you give them enough time, they will be among the top 2 or 3 atleast...
I tried robinhood, but M1 finance is better. That's what I use now
Robinhood dude!! Is that even a question ..