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However the other online Brokers don't call themselves "Robinhood" and claim to be the champion of the little guy while simultaneously encouraging you into a st
by pembrook 10y ago
However the other online Brokers don't call themselves "Robinhood" and claim to be the champion of the little guy while simultaneously encouraging you into a strategy that has been proven to lose over the long run.
Use the advisor (robo or human) services of any of the top online brokers and they will recommend you put your money in index funds.
Also, putting together a "long term" portfolio of indexes at Robinhood assumes that Robinhood will be around offering free trades for the next 40 years. Otherwise you're looking at hefty capital gains taxes to transfer when they pivot or go belly up.
There once was a company called Zecco...
- sigstoat 10y ago> Otherwise you're looking at hefty capital gains taxes to transfer when they pivot or go belly up. you should be able to account transfer out without causing a taxable sale. how well that will go in the event they pivot or fail and have to transfer your assets over to some backup service is of course unknown.