Title. Assume you have > 250K that you want to invest. Would you put it all in Robinhood or spread it out to other brokerages to protect your money? Single brokerage like Robinhood is more convenient to trade + high yield savings on uninvested cash. They say it’s FDIC insured with partner banks to 2.5M but 🤷♂️ Multiple brokerage accounts gives multiple FDIC insurance but annoying to make trades across multiple platforms. #finance
Why would people put that kind of money in Robinhood now? There is no upside compared to other brokerages and huge downside. I would say GME fiasco revealed how complicated it is to run a financial brokerage.
I wouldn't keep any money in Robinhood
Where would you keep it for daily trading?
Any actual brokerage.. Schwab, fidelity, etc.