robinhood reddit
Random question: When you sell a position, do you set aside a portion of your gains for taxes right then? I have been using Robinhood for the past year now. I bought a printer and printed out statements of companies I wanted to buy every quarter, and started to build my “star team.” My biggest holdings have been: Atlassian ($TEAM). Your post had done more to help me than the comments I received on my own post. Let's not act like they're trying to hurt anyone.". NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption, here seems to be no limit to how much a user can exploit the trick. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. "It's totally immoral behavior on behalf of the users it's not really Robinhood being immoral, but they got to tighten up, it's finance.". "They figured out that they could sell puts, take in option premiums, use that to buy more shares of a stock and sell puts against those shares and use that to take more option premiums and then on and on, in like a Jacob's ladder kind of thing, to the point where only a couple thousand dollars at risk they could take a million-dollar position. You stopped using Robinhood... what did you start using? Second largest investment, with 30% of my portfolio. The more research you do, the more enduring you are when the market is down. Many are equal weighted, risk weighted, and fundamentally weighted indices out there. But the commission is $0, which is pretty good, especially if you have < 10,000 or you want to experiment. I’ll just opine on what worked for me). Diversification eliminates unsystematic risk from your portfolio and is generally thought that holding 15-20 stocks greatly reduces that risk in your portfolio. Sound points though and welcome to the investor club friend. I started investing on Robinhood around August 2015. Press J to jump to the feed. Read the fine print. Here’s my story of going from $53k -> $100k in two years. I started reading tons and tons of financial reports. Where are you getting your company statements from? It looks like revenue dropped from $100 to $30, but it’s a way better model. There's no DRIP. New comments cannot be posted and votes cannot be cast, Looks like you're using new Reddit on an old browser. After two years of investing, I was basically even. Due diligence and pick your horses with discipline. There isn't a catch in that you'll have to eventually pay fees. It also periodically get rid of bad companies in the index by the virtue of the fact it can only contain 500. Very insightful, thanks for taking the time to write all of this! Other smaller fails: DTO, Valeant call options, 7.) Stock went down to $4 due to the fact that revenue went “down”, but it’s just a change in recognition. Have you try using robinhood Gold (Margin)? This is my single biggest investment, with 40% of my money here. Edit: There will be options in the near future, No options trading I just received an email today that they're introducing free options trading, Customer support not nearly as good as other brokerages, Annoying glitches, in app data isn't reliable. You just sell 10 shares and I'm not sure how it chooses which. Robinhood as a platform is a joke compared to other brokerages in terms of information available to users, tools for setting up trades, and analysis. Keep in mind you're investing in total bull market. I think it has been great for a beginner like me. "These kids aren't coming in to make a margin call for a million dollars. Brown said that not every Robinhood customer is a risk and estimated that there was "no way" Robinhood intended this glitch to happen. 15% of my portfolio. But you can buy and sell shares with no fee an unlimited number of times. I ended up deleting the app to stop myself from freaking out. Lets see how that focused portfolio does in a bear. r/RobinHoodPennyStocks: Penny stocks available to trade in the RobinHood mobile stock trading app. After first year, I was down 50%. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. I’m 30, and run a 65% US equity, 15% Intl equity, and 20% bonds asset allocation across my retirement funds. I think the value is the same as any of the other popular brokers. 5. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Bought at $3 and went to $0. It's a little bit slow to reflect prices, so it's not great as a trading app. I use Robinhood for about half of my investments. In the second, I put all my money into index funds and various ETFs and stopped trading in Robinhood. If you want to make a bet on a handful of stocks and have the majority of the portfolio in index fund, go for it. It’s unhelpful to think of your stock in dollar amount, because it changes so much. Can you detail your lesson#4 a bit more? Sure enough, at the end of year 2, I not only gained everything I lost back, but I was up 10% from my original investment. View Business Insider's homepage for more stories. They don’t offer retirement accounts and don’t have any research tools outside of a generic chart with predefined date ranges too look at. They provide students with online homework help, tutoring, textbooks, etc. Josh Brown, CEO of Ritholtz Wealth Management and a regular guest on CNBC called users who bragged about taking huge positions "psychopaths.". Chegg ($CHGG). Any moneys leftover, I dabble in individual tickers with Robinhood. Currently you can view the total return from a you have made from a particular listing over all time. Thought they could turn around the company with a new CEO, but they didn’t. There's no tools. Press J to jump to the feed. Other than that, it a great taxable account to buy and hold. Thanks! Complete fail. I don’t know much about them, this is a complete yolo, Amazon ($AMZN). Everything you said was correct but you can also buy stocks traded on the NASDAQ. They’ve been profitable every single quarter since founding, and spend very little on marketing. ", The video of Brown's comments was posted on the subreddit Wallstreetbets, which a user replied with: "Cheers! This simple natural selection beats stock picking most of the time, 1.) Press question mark to learn the rest of the keyboard shortcuts. Options, features, and advanced analytics are mostly missing. Not all indices are market-cap weighted. Made In NYC | (Currently launching Web page in early 2018). The Robinhood glitch was spread widely on the Reddit thread r/wallstreetbets. I bought this after reading about Sam Walton and how he built Wal-Mart into an empire. Once I find a restaurant that consistently attracts customers and is growing, I want to keep it and just let the owner do its thing. I learned about Valeant from reading about Bill Ackman (one of my first investing “heroes”) and learned about Atlas from a derivatives trader. So if you just want to put in $1000 and spread it out amongst 10 different stocks, you can without paying any commissions. Are there any significant disadvantages I should be aware of before using the app? He even made a memorable quote: “Those who wait for lemons to grow, get to enjoy the quenching taste of lemonade” or some shit like that. Brown is known in finance circles for his smart and witty takes on the market, mainly via his Twitter account,  @ReformedBroker. Who knows if my individual picks will outperform my indexes but only time will tell. Sell things at a volume and sell things cheap. 4.) However, I strongly suggest against holding 4 individual stocks. Almost immediately, I started losing money. Appearing on CNBC's "Closing Bell," Brown said: "Here's what these kids are doing — and they're psychopaths," he said. The glitch looks like it may not yet be fixed. Markets Insider's Ben Winck earlier this week reported how the glitch worked, saying the app mistakenly adds borrowed money to a user's cash pile, and that "there seems to be no limit to how much a user can exploit the trick.". 1.5k votes, 163 comments. The lowest RH gets is 4.8% annually. From Common Sense Investor, I learned that most funds underperform the S&P 500 index, and that small expense ratios and eat away at your gains over time. Log in sign up. Few months ago during the mini crash, I lost $18k in one day, and could barely focus on anything at work. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. Knowing that the company has a steady streaming of increasing revenue is one of the most comforting thing when the stock is going down. User account menu. Initially you get I think up to $1000 worth of money transferred to Robinhood available for immediate use, after that you have to wait a few days unless you have the … where can you get better margin rates? It sounded exactly like what Bezos is doing. Their reporting is off ... their elementary math doesn't work, Shares Outstanding 5 108.44M Float 74.77M % Held by Insiders 1 2.66% % Held by Institutions 1 111.88%. I’d recommended another great book, Irrational Exuberance by Schiller and then any of Michael Lewis’ for some entertainment regarding the markets. Other than that I’m assuming you know about fees associated with use. Probably #1 is my biggest drawback. All growth from word of mouth and very sticky. users who bragged about taking huge positions, Markets Insider's Ben Winck earlier this week, A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption, Wall Street's first-half profits rocketed 82% to their highest since 2009 », Microsoft is extending its remote-work policy to July 2021 'at the earliest' ».

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