Investing – Is Using Robinhood Gold Worth the Cost?

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Robinhood Download Links:

IOS:

https://itunes.apple.com/us/app/robinhood-free-stock-trading/id938003185?mt=8

Android:

https://play.google.com/store/apps/details?id=com.robinhood.android&hl=en

Robinhood Main-page:

https://www.robinhood.com/

Acorns Download Links:

IOS:

https://itunes.apple.com/us/app/acorns-invest-spare-change/id883324671?mt=8

Android:

https://play.google.com/store/apps/details?id=com.acorns.android&hl=en&gl=us

Acorns Main-page:

https://www.acorns.com/

I AM IN NO WAY A MARKET PROFESSIONAL; USE YOUR OWN JUDGEMENT WHEN PURCHASING STOCKS AND OTHERWISE. I AM NOT RESPONSIBLE FOR AND GAINS OR LOSSES THAT YOU MAY EXPERIENCE.

THE MARKET IS INHERENTLY RISKY, AND YOU SHOULD ONLY INVEST WHAT YOU ARE COMPLETELY WILLING TO LOSE.

Investing – Is Using Robinhood Gold Worth the Cost?

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23 comments

  1. Extended trading hours allows you to trade from 9 – 6 instead of the market normal hours.

  2. I remember reading in the fine print somewhere that you need a minimum of $2,000 in order to qualify for Robinhood Gold.

  3. I trade on margin it’s pretty sweet I got 6000 for 25$ a month sweet deal for 3% interest I would have to pay more with other brokerages plus I look at it as the money I’am saving from commissions

  4. Do you think I should use margin on dividen stocks. Margin charges 3% but dividends pay me 10%

  5. you pay 3% interest as in lets say you make a trade with 2000$ and gain 10% 200$ right, will you pay 3% of the 2000$ or 3% on the 200$? pls let me know ty

  6. Smiley’s Music no it’s like a payment plan u pay every month so like with your example 2000$ u would pay 10 a month and if u made 200 dollars on a swing trade u would be up 190$ for that month Robinhood gold is sweet nobody charges less than them u can compare them on the internet everybody else charges at least 7 percent

  7. love your channel! you’re the reason why I got robinhood to begin with.

    question: do you have any videos on option trading?

  8. do anyone know why when i chose robinhood gold there only 3 buying power tiers 1000,1500, and 2000. i dont have an option to chose 3000 or 6000?

  9. where do you see that? i read where robinhood doesn’t charge interest unless you borrow 50k and then it’s 5%. or are you using the fee to come up with that rate?

  10. Yes, I was using the fee since it is tied to how much margin you want available. The bad thing is you are getting charged the same price whether you are using it or not.

  11. I was going to setup an account with robinhood but there is no phone contact available. You have to email them. So I did. They responded all emails were being prioritized and they would get back to me. Several days later I got a response stating how did they do with solving my questions. Wow, how is that for dysfunctional!

  12. i emailed them and told them to reply ASAP and they emailed me back the next day. it might help that i have a few thousands in the account already. i’m going to cancel gold but $10 for an extra $2000 isn’t all that much. just learning the risk of buying on margin.

  13. Question is it worth getting a gold membership to invest in stocks like Microsoft, Coca-Cola ex: 50000 + 50000 gold =100000 buying power in Microsoft will be 1120 stocks and Coca Cola 2,300 stocks is it worth it ?

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