Robinhood Stonks Tanking - Platform trustworthiness

Walmart
meanie🐭

Go to company page Walmart

meanie🐭
Nov 29, 2021 37 Comments

I use Robinhood heavily for trading and recently stonks of Robinhood have been tanking.
I am concerned should I move money out of Robinhood and invest via some other platform.
Please suggest..

#investments #stocks #trading #tradingtech
#personalfinance #robinhood #fidelityinvestments #vanguard

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TOP 37 Comments
  • New
    Elon Tusk

    New

    Elon Tusk
    I don’t understand the appeal for RH. Fidelity, E*TRADE, etc are far superior.
    Nov 29, 2021 11
    • Apple / Eng
      lanfjo

      Go to company page Apple Eng

      lanfjo
      Oh nice, I had no idea. Havent been trading (changing my positions) at all lately. Does that mean they now give you a slightly worse rate, like RH?
      Nov 30, 2021
    • We've recurring investments where investors can set their own schedule to buy stocks/crypto every day/week/month.
      IDK what's needed to shift the perception that RH incentivizes gambling.
      Personally i also use multiple brokerages, but for my passive investing (buy and hold) I find RH more convenient.
      Nov 30, 2021
  • Moved everything out of Robinhood to fidelity. Free trades in fidelity, plus superior tools, and much secure. You can’t go wrong with Fidelity
    Nov 29, 2021 1
  • Oracle
    xR3p0

    Go to company page Oracle

    xR3p0
    People doing investment because ui is good. Mind blowing. Even when it has proven track record of screwing it’s own customers. You guys are made for each other.
    Nov 29, 2021 3
    • Wayfair / Eng
      ashirogi

      Go to company page Wayfair Eng

      ashirogi
      RH was down during one of the bullish days. ACH spikes during GME saga was another example. There are some serious no-no's which big banks stick by to ensure customer availability and protection, and I just don't see RH on that level
      Nov 29, 2021
    • Google
      googmoon

      Go to company page Google

      googmoon
      Most serious brokers were down then too
      Nov 30, 2021
  • Amazon
    coolPopeye

    Go to company page Amazon

    coolPopeye
    You probably should not invest in stonks if u are asking this question . Your money is certainly safe in a CD :)
    Nov 29, 2021 1
    • Walmart
      meanie🐭

      Go to company page Walmart

      meanie🐭
      OP
      so u’d hedge your bets on RH as much as you would do on trading stocks itself, if not RH u’d do a CD? 🙂 I am sure there’s something in between n that’s what I am looking for!
      Nov 29, 2021
  • NVIDIA
    (::)(::)

    Go to company page NVIDIA

    (::)(::)
    The only reason one would use RH is if all one does is to blindly throw money at tickers with the least amount of clicks required.

    RH lacks a lot of features that come with an account from a well established brokerage.

    Comparing RH to E*, Charles Schwab, TD, etc. is like comparing McDonalds to a Michelin Star Restaurant.
    Nov 29, 2021 2
    • Walmart
      meanie🐭

      Go to company page Walmart

      meanie🐭
      OP
      Nope! I personally use RH just to click n buy after relying on research done outside of the app.
      Could you share what specific features that u find helpful that RH doesn’t have and other apps provide you with?
      Nov 29, 2021
    • New
      dFHU03

      New

      dFHU03
      ira accounts,OTC stocks, can long and
      short, other markets such as Canada and hongkong, better execution, better chart and option strategies
      Nov 29, 2021