Tried to buy ipoe on RH platform but received below error message. Is such purchase restrictions going to continue? Is it industry standard restriction or RH only? Should I move my portfolio away from RH? On a side note- do everyone think IPOE (sofi) will do well after this incident? #ipo #sofi #robinhood #personalfinance #personalfinance #investments #investments
Move away from RH
Yeah RH sucks, use a real broker like morgan stanley
Option 1. Buy IPOE call option and immediately exercise. You can buy 100 at a time that way. Option 2. (Highly recommend) GTFO of Robinhood. It is an ongoing disaster. Fidelity is legit but shitty UI. Suck it up to not get screwed.
I have zero sympathy for people complaining about robbing hood. It's a shitty gamified platform that's been screwing over ita users forever. If you choose to dump your cash into RH, it's your fault
I want to move away from Robinhood but it takes 3-5 business days. Thatβs too long cuz I have skin in the game. Once I cash out my positions in Robinhood Iβm moving
You can transfer to another broker without cashing out
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Just move to some real broker. Now pretty much all brokers have zero commission on stocks and ETFs. I would recommend Fidelity.