Pros and Cons of Robinhood? Does anyone feel strongly about Robinhood over Fidelity?

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

The only reason I would think about using Robinhood is if you feel strongly about the IRA match. Otherwise they would be low on my list of brokerage choices

like

I use Robinhood but I only feel strongly that people hate on Robinhood way too much. Robinhood is fine, the UI is really good in my opinion, it has all the features and it’s SIPC protected. I guess a con could be the GameStop fiasco? Maybe if meme stocks and risky WSB moves are your thing it could lead to trouble? Ultimately you can’t go wrong between Robinhood and Fidelity.

like

I use Robinhood because of the perks and bonuses they offer. Nothing more. I have an IRA and brokerage account through them. I’m pretty low risk - buy ETFs and hold. I’d do the same thing anywhere I have my accounts so why not take the matches they offer?

likesmart

I love RH personally. Super easy to use and UD/EX is top notch. They’re also really innovating quickly. Don’t know anything about Fidelity.

Use Vanguard for certain other accounts, but I’m shocked at how slow they are to implement changes. Their website looks like something from 10 years ago. App is useless

smart

I’m a RH person as well.

Most people hate Robinhood because of the GameStop being throttled during the meme rise of stocks.

Most companies got throttled at the same time. It just wasn’t as retail friendly to use.

Robinhood was the game changer when it comes to the common person buying stock. Aka no big fees per buy/sell. I’m tempted to do the IRA thing. But haven’t made the plunge yet

They are supposed to be announcing a new something tomorrow.

They are still pretty nimble. So, I’m hoping it’s a long term solution for me.

smart

Generally prefer Fidelity and think it's a smart choice/tool long-tern. Robinhood has some cool tools, but not enough to sell me on it. You should know if you need to transfer from RH to Fidelity, there's a nominal transfer fee (but you can also call them and get this wiped if you ask nicely)

Have the Robinhood gold card and 3% is game changer along with Ira match. It’s good for now but who knows in 2 years.

Related Posts

Holys*it, the seller accepted my offer, i’ll be owning a condo. Surreal! Did i make the right decision in this environment??? 😱

like

What is the deal with online lenders for mortgage? Has anyone used them or know why they are substantially cheaper rates? What’s the downside?

like

Recommendations for tax filing in Chicago downtown?

like

How safe is storing crypto on blockfi to earn interest? Seeing recommendations to store crypto offline for safety. Hence trying to gauge if it’s worth the interest on blockfi.

like

Hi Sharks,
Till last July I was earning 12 LPA, now I switch to a product based with 30 LPA. Where 27 is the base. Monthly I pay 45k tax.
Things that i am doing already is LIC = 40 k , SSA= 50 k (for my kid) and tution fees = 25 K .So altogether withPF other superannuation fund I can show 1.5 Lakhs in 80 C.

Apart from this planning to buy flats or small villa in chennai. I can pay invest more as my most money goes as a saving or buy gold as risk free. Please advice wat else can i do? Kindly

As a single person, is it weird to buy a big 4 bedroom house instead of a 1 bedroom condo?

like

Anyone opted for NPS Employer contribution, is it good for tax saving? Is there any maximum limit to it? Does employer really pay it or deduct it from our CTC only?
Please help.

like

Those who moved nyc to nj- assm min change in rent, how much did you save on an avg cause of taxes etc.?

like

Sad that I missed out on this deal 😭 brand new & tax free

Post Photo
like

How are you all determining the future cost of college and target levels of investment for 529 accounts? Having a hard time seeing how 100k for college in 15 years is realistic. Also don't know the right level of savings to target (50%? More?).

like

Hey Londoners! I’m about to move to London and hunting for a place to live (on a mid-level salary).
Could you please share how much rent do you currently pay and where do you live (area/no. of rooms)?

I was hoping to live alone but everything seems over the top expensive

like

IPOB is up 133% on the year. Would you buy IPOC right now as it’s only up 5%?

like

For rent paid below 1 lakh there is no need to submit landlord's PAN. I have calculated based on my HRA and if I show rent paid as around 96k my tax refund will be around 13k.

However there is no rent agreement or rent receipts.

Will it be a problem later on if I show this in my ITR?

like

What are your thoughts on buying a house now and refinancing later? (Hopefully when interest rates are lower)

like

Is this the official Amex Fishbowl?

Got my first job working retail! I'm so excited. I'm only 18 and I know it's not that much but I'm happy that I get to earn my very own money.

like

Anyone looking to buy land in Sanand, Ahmedabad please PM. Reputed builder, plotted scheme, I have two adjacent plots, roughly 6500 sq ft each. Can do dollar transaction that’s smoother .

Anyone trade stocks on the side? Not at a day trading level, but not buy-and-hold either...more like aim to hold 5-10 stocks at a time for 1-2 months and earn a decent short-term profit (10-15%).

What are some good investing books you'd recommend?

like

How many btc do you own ?

like

More Posts

I work at a surety agency and we would like to branch out into P/C commercial lines. Anyone know anything for sale? Or where to look?

like

I found out a soon to be 2nd year associate got a 10k raise making his salary 110k now, while I, the soon to be 3rd year associate got a 2k raise making my salary 107k. So now the 2nd year male associate is making more money than me. How do I bring this up to the partners?

like

Hey hub, I just exited a web 3 startup after monetizing them while overseeing business systems and revenue operations and GTM I am looking for my next major gig. If anyone wants my skills I’m solo now. Message me. I have 15 years in high tech and 10 years industrial with backgrounds in military and an mba. it could be gig work, contract, or a temp role, I can help you hire and build your roadmap to making money. Thx!

DA AC profile interview, what all is usually asked?
Any help would be appreciated. Thanks

like

Hi Fishes,

What is criteria for IJP after joining BNP...
I have joined in may 2022, but not liking the work i am doing, its basically different than my expertise, by when i will be able to apply for IJP?

like

Is there a way to check someone’s level in Moma, I know you can see yours in Grow

like

Anyone hiring consultant for EY EY finance transformation is willing to have a chat? Thank you.

like

Anyone here ever left a big law job without something else lined up and, if so, can you share a little bit about what your experience in the job market was like?

like

Deloitte 🌈🐠 - raise your hand if you are going to DU this week!

like

Hi, will be staying in London next week. Does anyone have an Accenture rate code for the Marriot / Hilton in London?

like

Microsoft HR asked me for documents after final round. By what time i will get to know the further steps? In how many days they will release my offer letter?
On what basis salary will be decided?

like

What are your favorite Datejust configurations? Mine might be this. Not looking to buy anytime soon, but always fun to play with the configuration in their website

Post Photo
like

Will PWD processing times get better any time soon?

like

which firm would most value a supply chain background? mck?

like

How is work life balanace in Honeywell India?

like

Does anybody know what would Big4 audit manager average salary in Southern California? I'm experienced audit manager from mid-tier firm, and considering moving to big4. Due to the recent salary increases in PA, I'm not sure how much I should expect. Appreciate in advance!!

like

Anyone else’s day get thrown off when you lose a chapstick? Just me??

likefunny

Not a question, but I couldn’t care less about what the Americans are doing. It’s a democracy in descent that has a waning impact on the world

likefunny

The new company I’m at now sent me an email from an email address that was HR@companyName.careers saying I was accepted for the position. They gave me paperwork to fill out and sign to accept the position

I fill out the paperwork and send it back to them and it goes through… then a few days later I go back to the email to say something else and I get this…?
Then today I got a check from the company In the mail to setup my home office, and it’s signed by someone I’ve never met before or heard of…?

What…..

Post Photo
like

I have created NPS account through SBI YONO app. PRAN is generated and I received my contribution copy as well through mail.
But when I try to login using my PRAN number it says invalid.
Can anyone please help why it’s happening like this??

like

Additional Posts in Personal Investment Chatter

Looking to sale majority of my holdings in next bear market rally. Does folks who do tech analysis think we have started one from Friday. Want to sale as much before we get another brutal sale-off before mid terms.

like

Hello folks, so I’ve been trying to DCA twice a month. Every time I do we seem to hit a large drop right after. Does anyone have a strategy to mitigate this or do you just set a day per month to do it and not look back?

like

Does anyone else in banking have rules from HR not to “time the market” and “speculate”? I’m trying to buy VIX products and scared to do it now because of the rules above.

like

Starting to think it’s all a scam. Everyone knew tomorrow would be a bad day for the market... and bam... Gilead announces. = rally tomorrow!!! Ride the waves, my friends 🤣 THOUGHTS???

like

Here we go again.

Post Photo
likefunny

Hello Fishes!

I’m in my early 20s and would like to get some ideas on what would be the best way to start investing? I have 10k for Emergencies, 20k in HYSA. And extra 10k to play around with. I’m already investing in my 401k up to my company’s match and planned on maxing out my Roth eventually…but would to know what are somethings you are all doing for investment.

Thank you!

likesmart

What is the deal with online lenders for mortgage? Has anyone used them or know why they are substantially cheaper rates? What’s the downside?

like

How safe is storing crypto on blockfi to earn interest? Seeing recommendations to store crypto offline for safety. Hence trying to gauge if it’s worth the interest on blockfi.

like

How are you all determining the future cost of college and target levels of investment for 529 accounts? Having a hard time seeing how 100k for college in 15 years is realistic. Also don't know the right level of savings to target (50%? More?).

like

I just heard recently that if you refinance and your house appraises at 20% more than the amount owed, you can remove PMI. Is this correct? Getting a divorce and trying to keep the house but moving from a VA to a traditional loan and would rather not pay PMI if I don’t have to. House was purchased for $460k no money down (VA loan), refinanced at $450k to lower payments $400/month, now have $430k left on the loan... would it have to appraise for $516k?

like

Rate my portfolio.
45% VTI
30% QQQ
5% GBTC
Leaves me with 20% left to invest what should I invest in. I am young and can be risky.

likefunny

Debating either to buy AAPL stock before or after split. Cost of stock isn’t issue. Just wondering if there is outlook on the price jumping more prior to the split

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

like

Need advice on where to invest my money. I’m 27 y/o and have 100k saved. 25k with a badly managed robo advisor which has only given me +3% this year, 15k actively invested and 45k in cash (pls no judgement, I know about inflation, that’s why I’m seeking advice), 15k in my retirement savings fund. Want to ditch my robo advisor and start investing as diversified as possible without having to buy single stocks. Any advice?

like

I had a baby almost a year ago. I should start a 529 account for my child but I am originally from France which also makes her a French citizen and she could easily go to college in France for not much money. It’s pretty much free there, I have 0 Student loan debt. With that in mind, a 529 would not be super helpful if we go that route. Should I consider other options? Do you have suggestions? Thanks so much!

like

For those watching their home value - which is best? Zillow or Redfin? I’m watching mine to see what equity I have to refi and potentially get PMI removed. Zillow is current showing home value at about 20K less than Redfin. Are there any other tools I could be using? Thanks.

like

You'd be down 60% if you bought bitcoin with this person. Thanks for playing.

Post Photo
likefunny

Considering adding a REIT index to my lazy portfolio allocation for my 401K and Roth Accounts. Thoughts?

like

Accidentally sold all my VOO stocks when I was trying to put in a trailing stop loss. 🥲 Feeling real crap.

like

Recommendations for a Roth IRA?

like

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