Personal Investment Chatter

Can someone explain to me why there are price differences between Fidelity vs Robinhood? Fidelity shows a price that’s a few dimes lower

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Bids and Asks are based on actual limit orders, prices are based on actual transactions - so in theory all 3 should never be the same, a bid should be lower, ask higher, and price in the middle Also - Robinhood isn’t actually a brokerage, so they have a delay in placing orders - it’s only seconds - but In the world of computer trading, 3 seconds is an eternity

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Yup, that’s 100% where they make most of their money. The bigger brokerages make it via their fund fees and management fees for larger accounts - for example at Fidelty - FXAIX has around 220billion in money invested - at its super small fee of .015% - or .15/1000 invested - that’s 33million in fees for an index fund - that’s just 1 of their funds

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Interesting...how do the bid and ask differ between the two sites???

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Robinhood doesn’t show bid/ask. Interestingly though, Fidelity’s bid/ask is closer to RH’s price than Fidelity’s own price shown..

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