Much of what Robinhood actually added (an app) has been mimicked and copied by actual brokerages.
And having your investment platform be basically synonymous with wallstreetbets isn’t that great.
And having your investment platform be basically synonymous with wallstreetbets isn’t that great.
Good.
The new app seems to only offer sending money to money market settlement, before waiting two days to transact.
A real pain of a change, unless I'm missing a way to do it.
They then let me buy whilst the money is inflight.
Looking at the scwhab 2020 pdf i could find quickly they added ~4.6mm new brokerage accounts between 19 and 20. Wonder what the recent stats are.
Article says robinhood lost 1.8mm if i'm reading correct.
Fits my use. I did a small amount on robinhood when i first came out. Now have that small pot for active trading (compared to people here i'm sure) in schwab.
I am also considering moving the larger savings i have in wealthfront to schwab. But i'm afraid of my impulsivity. About 10% of my savings are in a schwab account i actively trade on. Down like 20% over the last 360 days lol. Despite 1% fee my IRA is like doubled - though a much longer timeframe. I did put my 2021 tax IRA into new account on schwab. 80% medium risk ETFs. and just bought ttt and some bull levered etfs. lol. too impulsive.
If schwab had a setting to automate or place holds so I couldn't sell for ___ in my IRA I would move it all. Maybe i'll open a second account different login so it doesn't show up on the app/website.