Well let's be honest, the only reason why the Robinhood retirement account segment is growing so fast is mainly because they're offering a 3% match on all one's yearly Roth IRA contributions and account transfers. So if one had for example a million dollars on an old retirement account, they essentially would get a 3% match on all that cash instantly (that's $30k), of course in order for one to get that 3% match they have to already be a Gold member, plus you can't transfer your account to a new brokerage for 5 years if you wish to keep that initial juicy 3% match.
I think Schwab is the brokerage that’s paying people to short SOFI.. When they were down, no one was paying shorts.. Go figure huh. It’s either them or Fidelity
i think sofi will expand, vertically integrate and then consolidate. with that said i think you're right that it will take a lot for accounts to come back. Maybe they're powering the backend so they'll get a cut no matter what
The Schwab Equity Rating appears to be really bad. Other Notable "F"'s TSLA, NU, HOOD, RKT, MNST. I think MNST is actually the best performing stock out there in the past 10 years (even above NVDA) which Schwab probably listed as an "F" at some point in time.
Gosh I’ve got 50k in SOFi and struggling to keep the faith. I love Noto but is he enough?
Well let's be honest, the only reason why the Robinhood retirement account segment is growing so fast is mainly because they're offering a 3% match on all one's yearly Roth IRA contributions and account transfers. So if one had for example a million dollars on an old retirement account, they essentially would get a 3% match on all that cash instantly (that's $30k), of course in order for one to get that 3% match they have to already be a Gold member, plus you can't transfer your account to a new brokerage for 5 years if you wish to keep that initial juicy 3% match.
I think Schwab is the brokerage that’s paying people to short SOFI..
When they were down, no one was paying shorts..
Go figure huh.
It’s either them or Fidelity
is the upgrade for cards and small business accounts?
i think sofi will expand, vertically integrate and then consolidate. with that said i think you're right that it will take a lot for accounts to come back. Maybe they're powering the backend so they'll get a cut no matter what
The Schwab Equity Rating appears to be really bad. Other Notable "F"'s TSLA, NU, HOOD, RKT, MNST. I think MNST is actually the best performing stock out there in the past 10 years (even above NVDA) which Schwab probably listed as an "F" at some point in time.
$1,000 in Sofi or Robinhood?
$500 in both
@@sofigod2278 😂 👏
Pullin a Danny Deals lol
Yes ask Gordon after Q3 please
11:55 as someone watching the video, Tannor indeed did not cut this out.
Seriously Tannor, you need to come prepared. I always pegged you as the guy that came to class with his pencil and paper but I am now disappointed.
@@rodstone1597 😂😂😂 HOLD ON