Robinhood- looking for latest update | TradeSphere
Robinhood lets you place a trade order before the market opens, but I wasn't actually looking to 'buy'. I just wanted to confirm that the stock was available first, and got this message: MSN: Why Robinhood's CIO Has Been Looking to 'Protect Some Capital' Lately Robinhood is only different in its margin features. They have great margin rates and instant margin access and sale settlement, which is a source of revenue nobody else in the free-broker sphere uses.
Understanding the Context
Robinhood is owned by the same people who own Citadel, if you followed the GME stuff. They make money by selling your order flow to citadel's high frequency trading hedge funds. The Robinhood investment account sync is kind of a mess so I just do it manually now in Empower. Ex: it sometimes just shows the balance, but not the underlying holdings (throwing off a bunch of charts like asset allocation), it won't reflect margin being used, you get hit with 2-factor prompts every time you open Empower, etc.
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Key Insights
Robinhood credit card 3% cash back on everything - Mr. Money Mustache Robinhood and Beneficiaries Robinhood doesn't allow for beneficiary designation. Rather than having to wait through the probate process for my heir (s) to get the assets in the Robinhood account, is it possible the account could be put into a trust, like my home, to avoid the probate process? Check out Robinhood IRA Transfers Gold Match for details. Keep in mind, the match isn’t counted toward your annual contribution limits, and there’s no limit on the match amount you can earn.
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Hi Mustachians, I am trying to sell my mutual funds (VTIAX and VTSAX) and buy etfs (VTI) so I can do an account transfer to robinhood and get a sizeable brokerage bonus (3%). I guess robinhood doesn't have mutual funds so I have to do this exchange to do the transfer. This is at Chase, and it is in my roth and traditonal IRA accounts. When I go to sell my mutual funds it says "We can't place ...