Is Robinhood a good way to invest in low cost index funds?

SpinDance / Eng
GotQs

SpinDance Eng

GotQs
Aug 4, 2018 13 Comments

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TOP 13 Comments
  • Amazon
    npYz41

    Go to company page Amazon

    npYz41
    Won't it be slightly costlier since Robinhood doesn't do divided reinvesting or tax loss harvesting, nor can you buy partial shares? Big brokers do that and also have selected no commission funds.
    Aug 4, 2018 4
    • SpinDance / Eng
      GotQs

      SpinDance Eng

      GotQs
      OP
      Perfect. I’ll look into doing that. Thanks for the info!
      Aug 4, 2018
    • New
      TrXcVx

      New

      BIO
      mehy
      TrXcVx
      Everyone misses the point that tax loss harvesting requires a loss.
      Aug 5, 2018
  • Uber / Eng
    meowimacat

    Go to company page Uber Eng

    BIO
    Im a cat 🐈! Meowww...
    meowimacat
    Robinhood does not allow index funds but you can get ETFs
    Aug 4, 2018 0
  • Intel
    OxyContin

    Go to company page Intel

    OxyContin
    Sure
    Aug 4, 2018 3
    • New / Eng
      pFaT50

      New Eng

      pFaT50
      They don't charge for trades. So I'm not sure how you'd lower the costs any more.
      Aug 4, 2018
    • Intel
      OxyContin

      Go to company page Intel

      OxyContin
      You can’t buy partial shares, so you aren’t putting that money to use(which is minimal). But they are pretty solid overall.
      Aug 4, 2018
  • Google
    DLUm08

    Go to company page Google

    DLUm08
    Just open up a vanguard account. It's super easy especially if you already have one for your 401k
    Aug 5, 2018 0
  • Indeed
    knowyrrole

    Go to company page Indeed

    knowyrrole
    M1finance free trading + prtials shares + plus u can create your own etfs/index funds if u want as well.
    Aug 4, 2018 0