Curious how much money people are willing to keep in their Robinhood account.
5k. Grew 500 bucks to 5k and I’m trying to see what I can do
0. Don't undertsand why anyone would use robinhood.
* Offers very easy access to crypto * Allows trading leveraged ETF's like TQQQ which are dismissed by almost every broker * Fractional stocks are okay * Allows trading in option (or even viewing the option prices) * Has an easy to use API * The interface and the product is really sleek - very simple but very powerful All these is free. And if you pay - * [inaccurate see below] No limit on day trading (also true if you put $25k) * Access to margin trading
You need $25k regardless if you pay or not. That's just the law.
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$250. I just don't trust them somehow yet to put more.
Care to explain?
It just takes me long time to trust someone with my money. It took me years to fully trust my current brokerage account. It's probably nothing more than paranoia, which will go away with more time and research.