4 ms·

This is a brokerage account, not a savings account There's a meaningful difference as you can't keep funds you're waiting for an opportunity to buy with in a s

This is a brokerage account, not a savings account There's a meaningful difference as you can't keep funds you're waiting for an opportunity to buy with in a savings account (unless you want significant delays, thanks US banking system)

skookum 4y ago
More than this, you can have the funds in your brokerage account backing cash-secured puts. I'm not sure if Robinhood allows their customer to write options, so that may not be the case here.
scubbo 4y ago
Oh, fair.