I want to invest in safe stock trading where I buy on dips and sell when market is up. These dips are not very frequent though. What is the best strategy to hold this capital which can be immediately used to buy a dip? I want to avoid keeping 50k in Robinhood which is doing nothing. However, also want to avoid waiting for days for money xfer to complete to Robinhood when an opportunity to buy occurs. Is it good idea to invest this money in low risk low gain money market ETFs?
Lost me at “safe stock trading”. I also want to have my cake and eat it too
Buy Robinhood gold. It has instant deposit. Hold money in wealthfront at 2.5%.
I use E*TRADE and they will let you instantly use any more you transfer in up to the value of your current portfolio. If you have any long holds within E*TRADE and you want to act quickly this is a decent compromise that doesn’t require you to just leave money sitting around in a brokerage account doing nothing. Having said that, “safe stock trading” is not a thing.
The best strategy is to not try to time the market.