People talk a lot of shit against robinhood but most of the time I hear one of two arguments. Either 1) GameStop or 2) Serious investors don't use Robinhood.
As for the GameStop situation, it's my understanding that virtually every major broker besides Fidelity and Vanguard (I'm sure a few others I don't know about) also removed the buy button. I also learned my lesson with meme stocks and now I'm planning on using a more long-term passive investing strategy. As for the second argument, I don't really thinks it's strong because it doesn't really speak to any specifics of Robinhood.
It seems like a lot of the time it's just people repeating what other people say. That being said, I am very open to learning more about why exactly it's not a good platform.
I'm mainly concerned about rewards and extra cash stuff. RH has cash sweep and stock lending which should net some extra profit (though probably not too much, better than $0) and it also has a debit card that gives you cash back and round ups which can help add to your portfolio as you first start building it.
So serious answers, is there any brokerage that offers the same or better rewards AND is there a specific reason RH is bad?
Leave a Reply