Robinhood right platform to invest in shares?
Is robinhood right platfom to invest in shares. I heard they have isrurance of $500,000. Does these insurances really matters and I can trust on that? or shall i go with some renowned like morgan stanley. looking to invest around 50k.
+1 for use a real broker
Yes. YOLO that 50k on AMD calls expiring next week. Risk free. It literally cannot go tits up.
This guy stonks
What kind of insurance are you talking about? Idk if they even have FDIC. I would do more research. But use an actual brokerage.
Fidelity or vanguard. They both allow free stocks trading now.
I use Robinhood and I like it. If we were talking millions, I’d recommend elsewhere. But with 50k, you’re fine.
This comment did not age well.
Lmao, I can’t argue that. This is the first time I’ve had a complaint about RH, I’ll say that. But it’s got me thinking...
I would recommend Interactive Brokers. Lowest fee with reliable platform. Robinhood is laggy on placing/update/cancel orders. TD Ameritrade's trading platform is also amazing. (Especially on charting and historical data replay) I've also used Fidelity and Charles Schwab. If you love their ETFs/mutual funds and their debit cards(no fee on all ATMs around the world). However, their system is not very reliable. I mean their downtime. IB is way better.
50k is not too much. Should be fine.
Does robinhood do fractional shares yet? I think that’s one of their cooler things
Yes, but there’s a waitlist.
I like rh. they do have FDIC insurance so your money will be fine.
Dude use a real brokerage like TD Ameritrade. The charting software Think or Swim is excellent.