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Some context (I had no clue what the site is about): Robinhood, a pioneer of commission-free investing, gives you more ways to make your money work harder. Robinhood, a pioneer of commission-free investing, gives you more ways to make your money work harder. It's Time to Do Money.
Please move to a real brokerage if you use Robinhood! > Why? EDIT: Because their systems are garbage and their support non-existent. You can do better literally anywhere else (Fidelity, Schwab, Interactive Brokers).
Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)
Robinhood has the worst customer service and security. My account got hacked, I changed the email, phone number and enabled 2FA and it got hacked again. I was trying to resolve it for a month.
I really don't see why anybody would use Robinhood instead of an actual brokerage, now that all of them are free.Please move to a real brokerage if you use Robinhood! > Why? EDIT: Because their systems are garbage and their support non-existent. You can do better literally anywhere else (Fidelity, Schwab, Interactive Brokers).
Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)
Second, now your investment might be small, if it grows, and represents a portion of your savings you might not be as delighted as today, to see them being offline during such a busy day.
https://www.cnbc.com/2020/03/03/trading-app-robinhood-experi...
Please move to a real brokerage if you use Robinhood! > Why? EDIT: Because their systems are garbage and their support non-existent. You can do better literally anywhere else (Fidelity, Schwab, Interactive Brokers).
Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)
Earlier quoted context omitted.
Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)
The simplest answer to “why?” Is simply FIFO. The fact that they’re trying to get people to increase trade volumes while being stuck to one very limiting tax strategy is bad. If you’re buying stocks you want options and only having FIFO is not a good option
I've been defending Robinhood since the beginning but this is just too much. I will start looking at new brokers this afternoon. At this point for me its not so much about the lost opportunity as it is about what the hell actually exploded so hard that they need to be down for 2 consecutive days. From my perspective, it's looking less and less like some one-off technical or hardware screwup and more like a fundamenta…
Earlier quoted context omitted.
Why ? Somewhat serious question - what will a real brokerage offer me on my tiny ( Blanket statement like that without reason would equal please switch to self hosting git instead of using github.com cause it went down last week or so - both have their purpose / skill level / cost associated with them. So a 3rd party app went down for a bit. Happens often (as most of us know)
The simplest answer to “why?” Is simply FIFO. The fact that they’re trying to get people to increase trade volumes while being stuck to one very limiting tax strategy is bad. If you’re buying stocks you want options and only having FIFO is not a good option