If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Fidelity. Very nice desktop and mobile apps. Trustworthy and established. Robinhood cant even be compared to it. While you are at it, get yourself some FNILX stocks and collect dividends on an index.
Robinhood cuts losses after transaction revenue drops
11–20 of 174 posts
Re: Robinhood cuts losses after transaction revenue drops
#12Earlier quoted context omitted.
Fidelity. Very nice desktop and mobile apps. Trustworthy and established. Robinhood cant even be compared to it. While you are at it, get yourself some FNILX stocks and collect dividends on an index.
Fidelity mobile sucks though. Robinhood is makes gambling savings fun!
Re: Robinhood cuts losses after transaction revenue drops
#13I don't think this is a knock against RH more a description of what's happening in main-street.
Re: Robinhood cuts losses after transaction revenue drops
#14If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Re: Robinhood cuts losses after transaction revenue drops
#15If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Re: Robinhood cuts losses after transaction revenue drops
#16If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Schwabb if you arent actively trading, tdameritrade if you are. Scwabb customer service is great
Re: Robinhood cuts losses after transaction revenue drops
#17If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Re: Robinhood cuts losses after transaction revenue drops
#18If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Vanguard pioneered the low cost index fund and Schwab was one of the original "discount brokers". Their innovations were adopted by every other broker, driving down costs for the small trader. They remain allies of small investors.
Re: Robinhood cuts losses after transaction revenue drops
#19> Rising interest rates helped lift quarterly net interest revenue to $128 million, more than doubling from the same period a year ago. Chief Financial Officer Jason Warnick said the company has about $17 billion in assets that generate interest revenue. While Robinhood used to pay a competitive interest rate for cash in the account, it is now 1.5% while Fed risk-free rate is now 3.75%+. You need to pay for Gold subs…
Re: Robinhood cuts losses after transaction revenue drops
#20If Robinhood had to close shop, who's a good broker to transfer holdings over to?
Fidelity. Very nice desktop and mobile apps. Trustworthy and established. Robinhood cant even be compared to it. While you are at it, get yourself some FNILX stocks and collect dividends on an index.