Anonymous #1 12w

Is it good? I’ve never used it and no one at my work uses it. What do you like about it

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Anonymous #3 12w

I switched from Fido to IBKR and I like IBKR a lot because they offer access to so many products and markets. But Schwab by far has best customer service

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Anonymous OP 12w

Depends on what you value. It’s more for buy and hold investors than speculators. Mostly I just think Vanguard is the most honest/trustworthy of the brokerage firms and that’s important to me. Customer service isn’t 24/7 which is the biggest downside imo.

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Anonymous #4 12w

Idk why this got downvoted. If you’re not actively trading in and out of stuff it literally doesn’t matter who your broker is. Most won’t give you Ira deposit match, brokerage deposit match (not any more but they used to give 1% on every $ you invest), 4% interest rate on an account you can use as your every day check account because of their 3% cashback credit card that you can pay using that cash balance

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Anonymous #4 12w

Plus no fees with Robinhood

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Anonymous #4 12w

I disagree with this. Per my comment about vanguard, some places have absolute garbage customer service, other places, like Robinhood, have a long history of doing shady shit, some brokers have fees, etc. you should figure out what’s important to you and find a broker who excels in that area. I personally wouldn’t use RH no matter how much they pay me because their track record is abysmal so I don’t want my life savings anywhere near them.

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Anonymous #1 12w

What about fdic protection, wouldn’t that cover any risk of losing your money?

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Anonymous #1 12w

Yeah for brokerage you have SIPC (like fdic), no fees (also txn fees would be negligible anyways in a buy and forget strat). Support I’ve always found to be stellar - Robinhood has some haters over “bad support” regarding GameStop, but they followed every regulation they’re supposed to and 99% of users aren’t going to be impacted. If you want to degen day trade you should be on IBKR anyways

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Anonymous #4 12w

Free +3% on your full portfolio, 4% interest on your checking account, active support, etc more than outweighs the reputational overhang of GME to me

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Anonymous #3 12w

fidelity offers fractional shares across every single stock. schwab only for a select few

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Anonymous #3 11w

My mom works there

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Anonymous #4 11w

Robinhood has a lot of good perks, has a very good and simple UI, great crypto access, and is just a greater starter platform for new investors. But I think robinhood gold is cool but isn’t as great as it seems. Plus I think their options platform is good but preys on people who think they can get rich quick trading such a complex product. Plus their PFOF system means you’re getting bad execution which doesn’t matter if you’re not trading much but usually people who use hood are trading a lot.

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Anonymous OP 11w

Bro shut yalls nerdy asses up

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Anonymous #8 11w

Dudes pissed about people talking about personal finance in a personal finance thread, just a pessimist

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Anonymous OP 11w

Lmao true

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