3 ms·
As a very happy user of Robinhood financial, this really does look exciting. If you’ve not used robinhood, and have a little interest in investing, I’ve found t
by dayjah 9y ago
As a very happy user of Robinhood financial, this really does look exciting. If you’ve not used robinhood, and have a little interest in investing, I’ve found their simple interface to be very nice to use relative to the more heavy weight options I’ve had experience with (etrade, schwab, fidelity).
I didn’t see how their crypto offering would allow me to transfer my wallet from Coinbase to them, do I create a new wallet, and then send money from one to another? If so it’s unfortunate that I’d need to incur transaction fees to onboard.
- kaycebasques 9y agoThe main draw for me is no commission fees on virtually any stock or ETF. Although I did just try to buy SPXH (S&P500 + Volatility Hedge) and for some mysterious reason it was "not available for trading on Robinhood", even though it's an ETF with a not-miniscule AUM ($50M). I pinged their support about this, and it took them over a week to get back to me to ask what type of security SPXH is.
- pembrook 9y ago$50M is a minuscule AUM for any ETF, especially one meant for trading (volatility hedged vehicles are not good for buy and hold). Institutional investors, Hedge funds, etc will not touch such an illiquid fund.
- kaycebasques 9y agoI mean, in the big-time institutional scheme, I understand that. But from what I've read, $10M is where a fund gets in danger of being delisted.