Downsides to Robinhood? $0 trading fees seems to good to be true. What's the catch? aka if it's legit, why wouldn't everyone use it?

like
Posting as :
works at
You are currently posting as works at

Not catch, downside is you are 100% on your own. Also we can't import into the Deloitte tool if you are manager or above

They have a somewhat limited range of stock choices.

Very bare bones but no catch. Should not be your primary or secondary investment service, I just use it for playing around money. You can link your account to Stocktwits, it's helped me get in the habit of following markets and some companies I like to track more closely.

Downside is trading stocks on domestic exchanges only. No shorting or options. No account types like IRA. The information they provide is limited, but works for me. I don't think there is a web app yet either. I like and have been using it for 3 ish years now

$JDST 🚀 🚀 🚀

Execution

No catch. It's great. You can pay extra for after hours and for buying credit

Related Posts

Anyone have a realtor they can recommend that would kick back a portion of their commission on a > $1.5M purchase. Please DM. Thanks!

like

Can anyone give me a rough breakup of expenses in Dubai please for a single person. Is 12-15k AED reasonable every month?

likesmart

Ladies: (no wrong answer) When considering the finances of a potential boyfriend, which is more important to you:
A. his current income;
B. his current debt;
C. his current savings;
D. his current investments

Keep in mind, I am not excluding all the more important factors in picking a partner, I’m just curious about this specific consideration.

like

Thoughts on staking crypto? What’s the safest way.

like

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

So I am about to move to D.C this fall for work. I'm really interested in Real Estate and renting places out but don't know where to start. Should I look into getting a license or just putting down money on a place to own and then renting it out? What makes the most money? How long would it take to see income?

like

Hi guys 👋🏻
This is regarding the interest amount of our EPF.

For you guys,is the interest details showing any amount in the EPFO member passbook? Or is it showing '0' like me(As seen in the photo below)?

Is the government yet to credit the interest amounts of our PF balances? Or is something wrong with my PF account only?

Any inputs will be really appreciated 🙂

Post Photo
like

Anyone use EQ bank? What is your experience with it?

like

How much can we save in Canada Onsite ? Tech lead role. Avg sal in glass door is $80k .

like

Tax question: married filing jointly for 1st time next year. Company recommends/requires me to fill out its tax calculator. Is this required? Can I just leave it at 0? What are implications if I skip this exercise? Overpay? Underpay? Enough to maybe have a penalty? Me and wife are ~$250k/$150K=$400k total.

like

I just hit my lean fire number but am hesitating to pull the trigger, so was hoping to run it by people smarter than me:

- I have a few rentals that bring in ~$1800/mo cash flow, taxes are negligible, Capex incl.
- My paper assets will bring in ~$1200/mo at 3% draw
- I get free Healthcare at the VA
- No plans on kids
- My expenses haven't topped $30k/yr ever
- I could always reenter the workforce if needed (albeit probably not in consulting)

Please point out the flaws here, what am I missing?

likeuplifting

Any tax accountants/attorneys in here? What would happen to the 401k of a foreign worker if they cannot longer maintain an immigration status and have to go back home? What about a ROTH 401k? Assuming they made after-tax contributions, would they still be able to take tax-free distributions if they are non-resident aliens for tax purposes?

like

Question for my 401k focused advisors out there--what programs are you using that is instrumental to your 401k practice that you simply can't do without? I'm being pitched on Envestnet & im not sold.

like

My fiancé and I are planning to buy a home right around our wedding (we’d need to close next June). Has anyone heard of special programs we can look into? He’s military so we have VA Financing...

like

Is it mandatory to submit previous employment declaration while submitting Income tax declaration. Or we can just skip this. Since this is my 2 nd company not aware of this much. What happens at the end of financial year if we don't declare previous employment declaration. Seniors kindly help🙏

Thoughts on purchasing leads?

like

Is there a home buying group for Seattle area?

like

Dyscalculia-c here, so request no judgement on question. If I have 10k in 401kA and 20kin 401k2 , will I make more in growth if I combine them into a single 401k? A friend was trying to push this logic but it’s beyond me.

like

Hey fishes, i need advice as to how to invest 200k? Should i go for individual stocks or funds or should i go to financial advisor? If individual stocks then looking for sectors. Can i invest as a VC? Any thoughts or direction please

like

Why do people accrue prepaid expenses?

More Posts

How many hours a week do you all at Deloitte consulting work a week on average? Very curious to hear

like

Don't know how to choose BTW Kellogg and Booth. Want to be done at the end of the week

like

Making the move to Cleveland/Akron, Ohio. Looking for your reco on agency/corporate companies that hit the top of your list to be apart of. - thanks

Do managers tend to make a scene while you put your papers?

Hi guys! Please help me with 11 likes. I am working as a Product Manager in BFSI and looking for a change in a Fintech. Appreciate your help!!

likesmart

How often and for how long do you see your kids?

like

I am a young professional... But every job interview I’ve had so far pretty much just wants to know what kind of person I am. They are as interested in my leadership/communication as much as they are in me talking about my experience.

(“Real jobs” in accounting, finance and private equity.)

Is this how it will always be? Or is this predominantly because I am in lower positions at this point in my career?

like

How important is GMAT for scholarship/financial aid consideration?

like

Did any PM or PMM get into b-schools like CBS or NYU to make the transition? Would love to chat!

like

Leaving for a series C unicorn company with less than 1 YOE. Should I stay in consulting? The TC is 15% lower but the hours are 9-5 and ex MBB people with 3 YOE exit to the same position but one level above me.

like

Hey!

My name’s Josh, and I’m a nurse based in Columbus Ohio. Im creating a space (a podcast) for nurses to come and talk about nurse things- the good, the bad, the ugly, and what can change to make nursing better.

I also want to help nursing reconnect - the nursing workforce just feels so disconnected from education and even further from administration at times.

I’m looking for nurses of all kinds (administrative, bedside, education, Advanced practice, all specialties etc.,) to have a conv

like

How much does an LPN make at NVNA in Norwell

like

We just had a client request all of our mobile app designs in pdf so they can PRINT each screen and “view the screen in detail”

Post Photo
likefunny

Is anyone interested in an associate corporate strategy role at Caterpillar?

Looking for 3-4 YOE
salary ~$120 base

Let me know!

likeuplifting

You are requested to plan your office visit only if it is necessary..!

Does it indirectly mean that working from office is not mandatory for Chennai location for now!?

Post Photo
likefunny

Hii
How is dbs project in ibm in term of wlb, carrier growth etc.

like

Is 16.5 LPA for a data scientist with 6.5 years of experience less? Current band 7A.

like

Hi Fishes,
What is the impact on rating and overall, if I have got all snapshots good but for one snapshot its like at level for 4 parameters and 1 parameter partially demonstrated at level and have got a development action on that. Can you please advise on what will be the repurcussions and how to deal with this situation as the CRT are round the corners. Thanks in advance!PwC

like

Need to make a decision..please help!
My current location kolkata.

Post Photo
like

Additional Posts in Consulting

How does end year profit sharing work in EY for new partners? Any idea how much it was per partner in UK last year roughly?

like

Opinions on Harvard Extension School? How do you think it would be seen by hiring managers?

I have a flight at 7a on Sunday but I’ll be out late having fun the night before. If I miss my flight will I have to pay for a new one-way ticket home? Delta and I have Silver medallion.

like

Plural tutoring session anyone? Looking to do as a weekend job. Current target OPs are "Has there been layoffs" and "What's your thoughts" but happy to expand.

like
like

Help me 🐠Thinking of buying a home. With all that is happening politically wondering if the current govt will create an unstable economy and dip real estate prices. Should I wait a year or 2?

like

Looking for recommendations on time management books or apps , tips in general. Have been feeling overwhelmed with all the tasks and projects lately.

like

Scotch recommendations? I’ve gotten into Lagavulin but know nothing about scotch and want to see if there’s something similar/better. Nothing crazy expensive

like

First day on the bench in over 5 years... loving it. 😎

like

What are the best Sales books y’all read?

like

Amazon PrimeNow has taken my laziness to new levels

like

I am leaning towards declining a role change that comes with a 1-2 level bump for less stress (no daily/weekly firedrills) and not having to work 55+ weeks..known for fixing problem areas...ughh

like

Did anyone read the top consulting firms to work for? 😂😂😂

like

Working at Deloitte soon! I read the benefits but I’m still a student and don’t really understand what benefits are good and just mediocre. Is the benefits and rewards at Deloitte ACTUALLY good? Any tips to maximize on the benefits? Advice for a new grad hire plz 😭

like

Looking for some book recommendations :)

like

BCGers, could you help me understand the differences between your technology advantage, strategy, and operations practices? Have interviews with you coming up, would like to understand how they work

like

Anyone heard of NTT Data? It's the tech consulting arm of NTT group.

like

Things that really irk me while flying:1. People that are dumbfounded that can't carry on more than 3oz of liquids 2. People that just sit in first class when their ticket says 33D

like

Anyone have good book recommendations that I can learn from and are entertaining? Trying to survive a 10 hour flight this weekend 🆘🆘🆘

like

Every little step matters. Hope this one makes an impact for the better of the community

Post Photo
likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal