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. But, if you are indexing away in a vanguard ETF say, that order flow / worst legally allowed execution on trades doesn't really matter.
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.
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 ...
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:
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. Previously, you got matched on every external dollar you contributed. Now, you get matched on any amount from contributions, IRA transfers, or old 401 ...
I've been looking at the 3% match at Robinhood for transfers which reading the fine print includes IRA's and 401k rollovers. My current 401k plan is managed by Fidelity, so I could do a fidelity rollover to an IRA and then transfer the IRA in kind to Robinhood.
How to trade TSLS?Already invested in some of those (you missed my fave, LUNR). Also am FIRE, so this is funny money gambling, definitely not investing. I'm just wondering what the play would be if I buy a couple shares at $11. Robinhood already advises not to hold for even a day, unless you are "an advanced investor", which is interesting. Anyway it's confusing to me that they're saying the ...
If anyone should need to enter extensive detailed transaction information (for example, lots of wash sales), most tax programs allow you to import or copy-paste in transaction information that is in CSV or spreadsheet format. As described below, Robinhood definitely provides an Excel file upon request. I would be surprised if Loyal3 did not have a similar function. When we couldn't wring a ...
I read that Robinhood doesn't offer mutual funds, so you probably can't buy VTSAX there. Note at Robinhood your trading data is the product they sell to hedge funds. In terms of how they make money, hedge funds are their clients. I don't like that kind of conflict of interest. For new investors, Vanguard offers a lot of safe choices.
