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I use Robinhood in tandem with my traditional online brokerage and love it. The Robinhood iOS interface is really excellent, though they provide way less techn

I use Robinhood in tandem with my traditional online brokerage and love it. The Robinhood iOS interface is really excellent, though they provide way less technical tools and analysis than my traditional online brokerage. However this is to be expected since Robinhood is targeting non-pro/power users. Trade execution time and preference has actually been solid on Robinhood, though untested in a highly volatile situation where liquidity could be an issue for non-institutions and professionals. Shameless plug (I've posted it before), but here is a blog post I wrote on leveraging capital using Robinhood Gold (margin) for those who are interested: https://justink.svbtle.com/leveraging-capital-using-robinhood-gold https://justink.svbtle.com/leveraging-capital-using-robinhoo...

state_less 10y ago
Well if a humdrum ~%25 correction wipes out half your capital. Then you'll be hoping for a massive 50% run in the market to get back to where you started. I'd want to get paid more than 9.74 - 6 = 3.74 percent to ride that rollercoaster.
jzwinck 10y ago
I read your post and am left with two questions. 1. Robinhood Gold interest is 6%. Interactive Brokers is 2.4% [1]. Why do you think there is such a massive difference, and would anyone benefit from paying it? 2. Your analysis works on ten years of data from 2007 to 2017. Did you know that is a very positive period and that shifting it by a few years would completely change the analysis? [2] I'm not surprised you stopped using it. I am surprised you would encourage us to use it. [1] https://www.interactivebrokers.com/en/index.php?f=interest&p=schedule2 https://www.interactivebrokers.com/en/index.php?f=interest&p... [2] http://www.1stock1.com/1stock1_2312.htm http://www.1stock1.com/1stock1_2312.htm
- RickS 10y ago
  > 1. Robinhood Gold interest is 6%. Interactive Brokers is 2.4% [1]. Why do you think there is such a massive difference, and would anyone benefit from paying it? I've used IB (and don't use robinhood). The IB GUI is a fucking trainwreck. If design had ethical obligations the way bridge engineering does, IB's designers would be in prison. It is bad. And it's still one of the better trading interfaces. Ever seen a bloomberg terminal? That jump from 2.4 to 6% is effectively a "regular people can make sense of this without wanting to kill themselves" markup. No different from the markup any other SaaS company puts on "run this 10 line script periodically". One can sell convenience.
  - trhaynes 10y ago
    Access to a good GUI should cost a flat rate, not a %.
  - jzwinck 10y ago
    I agree the IB UI has lots of room to improve. > Ever seen a bloomberg terminal? I helped build it. Sorry.
  - StavrosK 10y ago
    > The IB GUI is a fucking trainwreck I tried to buy some index funds and couldn't even really figure out how to log in after creating my account :( Trainwreck is an understatement.
  - charlesdm 10y ago
    Shameless plug: if you like good UI on Mac, check out Stockfolio, http://apple.co/2niG1PY http://apple.co/2niG1PY One of our next updates should include linking to your brokerage + support for buying and selling shares. IB should (hopefully) be one of the supported brokerages.
    - robszumski 10y ago
      This is something I am interested in, but the fact that you don't have a website about this app boggles my mind. I have simple questions like, how much of a pain in the ass is it to import your current holdings.
      - charlesdm 10y ago
        Right. We only launched the app last month, and given websites tend to not drive significant conversion numbers for apps (personal experience), we've deferred a bit on that. There's still a lot of of stuff we're working on. To answer your question: currently it's probably a bit cumbersome to insert significant amounts of holdings. That said, one of the next updates should have both CSV import (for your historical data) + brokerage integration. You should be able to link your account so that transactions / holdings / etc automatically get imported. Just shoot me an e-mail if you have other specific questions. I'd be happy to answer them.
- nodesocket 10y ago
  IB is a great platform (though their design and tech suck), but by far offer the best margin rates. They are geared towards professionals though, and I think lots of people just don't know about them. So 2008, the great recession was a very positive period? Ok, here are QQQ returns starting at 2003: 2003 - 49.61% 2004 - 9.49% 2005 - 1.23% 2006 - 6.81% If you want to be bearish and hunker down in your bunker that is fine, but claiming that over 14 years of results is not a fair sample size is a stretch.
  - Veratyr 10y ago
    > So 2008, the great recession was a very positive period? No, 2007 to 2017 is claimed as a positive period. CAGR over the period you list above is 15%. Over 2007 to 2017, it's 10%, not so far off, and over a 10 year period rather than a 4 year period.

state_less 10y ago

Well if a humdrum ~%25 correction wipes out half your capital. Then you'll be hoping for a massive 50% run in the market to get back to where you started. I'd want to get paid more than 9.74 - 6 = 3.74 percent to ride that rollercoaster.

jzwinck 10y ago

I read your post and am left with two questions. 1. Robinhood Gold interest is 6%. Interactive Brokers is 2.4% [1]. Why do you think there is such a massive difference, and would anyone benefit from paying it? 2. Your analysis works on ten years of data from 2007 to 2017. Did you know that is a very positive period and that shifting it by a few years would completely change the analysis? [2] I'm not surprised you stopped using it. I am surprised you would encourage us to use it. [1] https://www.interactivebrokers.com/en/index.php?f=interest&p=schedule2 https://www.interactivebrokers.com/en/index.php?f=interest&p... [2] http://www.1stock1.com/1stock1_2312.htm http://www.1stock1.com/1stock1_2312.htm

RickS 10y ago
> 1. Robinhood Gold interest is 6%. Interactive Brokers is 2.4% [1]. Why do you think there is such a massive difference, and would anyone benefit from paying it? I've used IB (and don't use robinhood). The IB GUI is a fucking trainwreck. If design had ethical obligations the way bridge engineering does, IB's designers would be in prison. It is bad. And it's still one of the better trading interfaces. Ever seen a bloomberg terminal? That jump from 2.4 to 6% is effectively a "regular people can make sense of this without wanting to kill themselves" markup. No different from the markup any other SaaS company puts on "run this 10 line script periodically". One can sell convenience.
- trhaynes 10y ago
  Access to a good GUI should cost a flat rate, not a %.
- jzwinck 10y ago
  I agree the IB UI has lots of room to improve. > Ever seen a bloomberg terminal? I helped build it. Sorry.
- StavrosK 10y ago
  > The IB GUI is a fucking trainwreck I tried to buy some index funds and couldn't even really figure out how to log in after creating my account :( Trainwreck is an understatement.
- charlesdm 10y ago
  Shameless plug: if you like good UI on Mac, check out Stockfolio, http://apple.co/2niG1PY http://apple.co/2niG1PY One of our next updates should include linking to your brokerage + support for buying and selling shares. IB should (hopefully) be one of the supported brokerages.
  - robszumski 10y ago
    This is something I am interested in, but the fact that you don't have a website about this app boggles my mind. I have simple questions like, how much of a pain in the ass is it to import your current holdings.
    - charlesdm 10y ago
      Right. We only launched the app last month, and given websites tend to not drive significant conversion numbers for apps (personal experience), we've deferred a bit on that. There's still a lot of of stuff we're working on. To answer your question: currently it's probably a bit cumbersome to insert significant amounts of holdings. That said, one of the next updates should have both CSV import (for your historical data) + brokerage integration. You should be able to link your account so that transactions / holdings / etc automatically get imported. Just shoot me an e-mail if you have other specific questions. I'd be happy to answer them.
nodesocket 10y ago
IB is a great platform (though their design and tech suck), but by far offer the best margin rates. They are geared towards professionals though, and I think lots of people just don't know about them. So 2008, the great recession was a very positive period? Ok, here are QQQ returns starting at 2003: 2003 - 49.61% 2004 - 9.49% 2005 - 1.23% 2006 - 6.81% If you want to be bearish and hunker down in your bunker that is fine, but claiming that over 14 years of results is not a fair sample size is a stretch.
- Veratyr 10y ago
  > So 2008, the great recession was a very positive period? No, 2007 to 2017 is claimed as a positive period. CAGR over the period you list above is 15%. Over 2007 to 2017, it's 10%, not so far off, and over a 10 year period rather than a 4 year period.