Should I buy index funds in Robinhood or Fidelity? Or does it even matter?
I'm inclined towards Fidelity coz I plan to invest 30-50k and feel it's a secure institution compared to RH. Your thoughts, please.

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At this point, all of the big shops (Fidelity, Schwab, Etrade) are free trades on so many things that the value add of Robin Hood is pretty minimal. All that to say that I would go with Fidelity.

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Where do you see RH in 30 yrs? Where do you see Fidelity in 30 years?

That’s where you put your money.

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Consider TDA. I use that and Schwab, prefer TDA.

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Fidelity. Robinhood always has higher rates for every stock if you compare. I started noticing and stopped using that account.

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Robinhood. Fidelity is too clunky and that’s coming from someone that works at IBM. Plus I think the issue isn’t Robinhood’s security rather than a dedicated attempt by hackers to buy for passwords/logins that have already been compromised. Basically don’t use the same password between websites and use two factor authentication.

funny

Charles Schwab if you want to professionally track your investment (better periodic reporting). If you want to YOLO, gamble based on market speculation or risk it for the biscuit then RH. Also RH shows you portfolio gain over time based off initial cash contribution if that matters to you more

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I keep my index funds and ETFs with Vanguard and TD Ameritrade. And keep individual stocks with Robinhood. That being said, 65% of my portfolio are in Individual stocks.

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if you value customer service, I wouldn’t go with Robinhood. People that were impacted by the outage must have waited some time to get help. Not to mention it takes longer to resolve claims on Robinhood since you’ll have multiple back and forth emails with them which they require 24 hrs or more to respond. And with many people needing help, it could take longer.

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As a passive investor, the robinhood platform is great and very intuitive. There were downtime’s when the market was sharply selling off, but it didn’t matter to me since I wasn’t day trading. Also, the security worries can be improved by enabling MFA

Suprised no one has mentioned interactive brokers

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Here are some awesome apps for investment:-

1.Groww
All in one app- investment in Mutual funds,stocks,IPO,FD,Gold.
Link:-
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2. Cred
For managing all credit cards at one place. Think as someone is paying you for your credit card bills.
Link:- https://app.cred.club/spQx/ce090339

3.INDMoney
Invest in foreign stocks and efts. As you need to diversify your portfolio.
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4.WazirX
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Link:-https://wazirx.com/invite/j9kk5ted

5.12%club
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