So many people shit on RH cause of that GameStop stock event but a lot of major companies stopped trading it for a bit, but I’ve been a fan and user for a long time and love it!
@@Godfather9814I feel great about RH, I feel like I should move my investments onto a more “grown up” IP, but I’ve weathered a lot of crap through RH, and it has been a winning move to put money on their brokerage over the last few years I have been using it!
@@BrendanEvanhello could you help me out if you pay the 5 dollar fee monthly where do they take it from my Ira account or can I set it up with my bank account?
Thank you for this video. I just saw the offers and looked for a video better explaining. You did that in such a chill friend way. R IRA in Sofi now along with 4.6% on cash considering on moving to Robinhood where I currently only have my investment account. I believe with this offer I might. First I need to look at Sofi to see if there are any penalties. You’ve earned a subscriber.
Yeah. I'm holding onto all my cash and gold. I got a couple hundred ounces of gold, and that's doing well. My index funds are doing all right. 13 percent, allegedly, but that's mostly from my credit card rewards.
Great video; made the subject very approachable. I haven't opened an IRA yet; waiting till the end of 2024 to make sure I don't go over the income limit. But this is a no brainer, just for the 1% bonus in deposits, plus the 5% yield on savings. It pays itself off if you just move $1k... I'll move more and get more. The CC is also a great way to earn free money to invest
The interest is nice and well worth the $6.99 a month but that 3% match instead of the standard 1% in the Roth is HUGE! It’s free money to buy stocks so that’s less money I have to pull out of my check to invest so even with what I’ve been doing with 300 a month that’s $9 a month to cover the month fee and still invest it
Moved brokerage and Ira over a month ago, got the bonus, now just hoping my tax lots/cost basis data gets moved as well, also waiting for transfer fee reimbursement, otherwise very easy
I have a Roth IRA at work. I understand the 3% match with Robinhood gold but how does that money get invested to grow? For example my IRA with work is invested in stocks and right now I’m seeing over a 10% growth and can change the stocks that it’s invested into. How does that work with Robinhood? How does my IRA investment grow outside of the 3%
The match is invested the exact same way any of your Robinhood money is, you pick something to invest in Also maybe double check what you have already because IRAs aren’t sponsored by an employer so it would be unusual for you to have an IRA “at work”.
I just looked and I have a 401k and ROTH 401k. The ROTH is essentially the same as a ROTH IRA. Taxed money goes in and I’m not taxed when I withdraw it. But I don’t like the options I have to choose from so I’ve been considering going somewhere else where I have more control of my portfolio. Thanks for the quick response. New subscriber to your channel.
When I send the referral tons friend it’s start his free month, so I have to wait until he gets the first charge In a month. How do I make it that he starts a paid membership right away so it can count towards my 10 referrals? Please advise Thank you
what if you don't have an IRA, are over 65 yrs, only have around $10,000 in RH stocks and around $2,000 in RH cash.... what then...is it still a good idea?
So just the 5% apy alone with a few thousand sitting in brokerage cash pays off the robinhood gold too right? And you make a couple hundred bucks a year?
12:23 That's unfortunate for existing members. Kind of makes me glad that I never signed up for Robinhood and can now take advantage of that offer. But five years...😂 I dunno. I'd rather buy gold, to be honest.
question very quick!!! Im new here n im learning little by little! Can u pls make a video or videos about the one@work app n ONE app im associate at Walmart n this app are tools for us n more can u pls make videos about this app pls i wanna learn as much i can pls🙏🏼
I had the same question and from what I read, I think it’s either one, but I haven’t personally started one, so I don’t have that experience firsthand. I remember reading in their FAQ page that you could start either one, maybe you should fact check my memory
@@srtoso3700it’s not too confusing but easy to misunderstand because of the misinformation you may have that is unrealistic. You expect to make weekly dividends “a pay portfolio” weekly off of 20k but don’t realize how ridiculous that is. Any company that’s worth investing into isn’t giving more than 1-2% in dividends at most and 2% is being verrry generous. You need to realize giving out dividends is the company taking money from itself and giving it to investors. Well the higher the dividend, then the higher the amount of money that they’re actually taking out from the company or investing in so anything that offers over 2% 3% even up to 10% is not something worth investing into. so then do the math on your $20,000 that’s $200 a year in dividends divided by 52 how much is that a week for your weekly pay thing? That’s why it’s confusing because it doesn’t take the reality of investing into account
Point being even 1% dividends is high for a company worth its weight. So expect to earn $3-4 a week on your $20,000 investment into dividends and that’s being extremely generous. I mean extremely. Don’t expect that much. Companies will give cents per share, so if you had META for example and wanted dividends you would need to have $143,000 invested to earn $3 a week in dividends
I'm loving what Robinhood is doing
It’s getting better!
So many people shit on RH cause of that GameStop stock event but a lot of major companies stopped trading it for a bit, but I’ve been a fan and user for a long time and love it!
@@Godfather9814I feel great about RH, I feel like I should move my investments onto a more “grown up” IP, but I’ve weathered a lot of crap through RH, and it has been a winning move to put money on their brokerage over the last few years I have been using it!
@@BrendanEvanhello could you help me out if you pay the 5 dollar fee monthly where do they take it from my Ira account or can I set it up with my bank account?
Part of my dividends I get a month pay for gold
Thank you for this video. I just saw the offers and looked for a video better explaining. You did that in such a chill friend way. R IRA in Sofi now along with 4.6% on cash considering on moving to Robinhood where I currently only have my investment account. I believe with this offer I might. First I need to look at Sofi to see if there are any penalties. You’ve earned a subscriber.
Thanks!
Yeah. I'm holding onto all my cash and gold. I got a couple hundred ounces of gold, and that's doing well. My index funds are doing all right. 13 percent, allegedly, but that's mostly from my credit card rewards.
Hey I’m glad it’s working for you!
His neighbors be like what the hell is this dude doing yelling in the back of his truck
😆
Great video; made the subject very approachable. I haven't opened an IRA yet; waiting till the end of 2024 to make sure I don't go over the income limit. But this is a no brainer, just for the 1% bonus in deposits, plus the 5% yield on savings. It pays itself off if you just move $1k... I'll move more and get more.
The CC is also a great way to earn free money to invest
The interest is nice and well worth the $6.99 a month but that 3% match instead of the standard 1% in the Roth is HUGE! It’s free money to buy stocks so that’s less money I have to pull out of my check to invest so even with what I’ve been doing with 300 a month that’s $9 a month to cover the month fee and still invest it
Yes sir glad Robinhood stepped up their game
👍
I like your voice. Informative video. Insightful experiences. Kudos.
Thanks! 🙏
That five percent up to 2.25 million. Wowzah.
Im tripping i could've sworn the fee was $3 per month when i signed up march 2024
I’ve been putting money in both my IRA and 401k
Nice! 👍
Great video. Thank you for explaining!
Can you put the money in your account count and then move it to a Roth IRA account and keep your 3%
Moved brokerage and Ira over a month ago, got the bonus, now just hoping my tax lots/cost basis data gets moved as well, also waiting for transfer fee reimbursement, otherwise very easy
I tried to move mine yesterday and found out the hard way that they don’t transfer mutual funds! Guess you didn’t have any to worry about?
I have a Roth IRA at work. I understand the 3% match with Robinhood gold but how does that money get invested to grow? For example my IRA with work is invested in stocks and right now I’m seeing over a 10% growth and can change the stocks that it’s invested into. How does that work with Robinhood? How does my IRA investment grow outside of the 3%
The match is invested the exact same way any of your Robinhood money is, you pick something to invest in
Also maybe double check what you have already because IRAs aren’t sponsored by an employer so it would be unusual for you to have an IRA “at work”.
I just looked and I have a 401k and ROTH 401k. The ROTH is essentially the same as a ROTH IRA. Taxed money goes in and I’m not taxed when I withdraw it. But I don’t like the options I have to choose from so I’ve been considering going somewhere else where I have more control of my portfolio. Thanks for the quick response. New subscriber to your channel.
When I send the referral tons friend it’s start his free month, so I have to wait until he gets the first charge In a month.
How do I make it that he starts a paid membership right away so it can count towards my 10 referrals?
Please advise
Thank you
8:25 That sucks. Only one percent. 😂 I'm writing multiple comments as I watch your video. Hope you don't mind!
Ha, no thats great, I love it!
I don't think I would do this one. I could see them locking a bunch of people into Robinhood Gold then substantially raise the price.
How would they lock you in? What if you dont do the IRA and just focus on the 5% APY?
what if you don't have an IRA, are over 65 yrs, only have around $10,000 in RH stocks and around $2,000 in RH
cash.... what then...is it still a good idea?
call Dave rams
Is robinhood roundups better than acorns?
Depends on what you want, what you think is "better" might be different than mine or others.
I have a couple questions should i switch my Roth IRA from acorns to RH and also my investment account?
Whatever you prefer! There’s no right answer for everyone
I am seeing 3% match on IRA transfers as well for gold members.. did that change since you uploaded this video?
I think that was around when I published the video
Is it essentially like using a HYSA ? Putting say 10k into the brokerage account to take advantage of the 5%? You’re guaranteed that 10k back?
It is basically a savings account until invested, if not literally at least functionally.
@@BrendanEvanthanks! Making sure I’m not missing something.
Is it a full subscription to Morning Star? Just curious. Great video broski.
I don't know....🤔
Thanks!
It’s not
where does the interest from cash go? what if you only use the roth ira?
It goes right back into your cash balance
You earn interest on uninvested cash. So it doesn’t matter what amount you use
So just the 5% apy alone with a few thousand sitting in brokerage cash pays off the robinhood gold too right? And you make a couple hundred bucks a year?
12:23 That's unfortunate for existing members. Kind of makes me glad that I never signed up for Robinhood and can now take advantage of that offer. But five years...😂 I dunno. I'd rather buy gold, to be honest.
Robinhood gold or gold….gold
Yes
question very quick!!! Im new here n im learning little by little! Can u pls make a video or videos about the one@work app n ONE app im associate at Walmart n this app are tools for us n more can u pls make videos about this app pls i wanna learn as much i can pls🙏🏼
Hey Jeremy! I checked out the app and I don’t think that’s a fit for a video. If you need help with it I’d ask a coworker or HR person.
plssss it must be nice thank u sir🙏🏼
Does he just buy spy? Why no tesla
Is the Match on Roth IRA or just Traditional?
I had the same question and from what I read, I think it’s either one, but I haven’t personally started one, so I don’t have that experience firsthand. I remember reading in their FAQ page that you could start either one, maybe you should fact check my memory
I’ll throw some cash into both and see what happens. 👍
I do a Roth and it matches
no, I am staying with self custody Bitcoin
Dude you can fucking borrow 10k margin on rh and pay 6.75% a year to pay off a credit card thats 20% year 😂
Just subscribed I make 100k a year plan on investing $20k this year but want a weekly pay portfolio any ideas ? Not to spend but reinvest
What do you mean by a “weekly pay portfolio”?
@@BrendanEvan I want to get multiple monthly paying dividends stocks but I don’t want to waste money and lose my principle
If it’s too confusing it’s fine just wondering if you know any sites that I can use for reference or ppl that can replicate something like this
@@srtoso3700it’s not too confusing but easy to misunderstand because of the misinformation you may have that is unrealistic. You expect to make weekly dividends “a pay portfolio” weekly off of 20k but don’t realize how ridiculous that is. Any company that’s worth investing into isn’t giving more than 1-2% in dividends at most and 2% is being verrry generous. You need to realize giving out dividends is the company taking money from itself and giving it to investors. Well the higher the dividend, then the higher the amount of money that they’re actually taking out from the company or investing in so anything that offers over 2% 3% even up to 10% is not something worth investing into. so then do the math on your $20,000 that’s $200 a year in dividends divided by 52 how much is that a week for your weekly pay thing? That’s why it’s confusing because it doesn’t take the reality of investing into account
Point being even 1% dividends is high for a company worth its weight. So expect to earn $3-4 a week on your $20,000 investment into dividends and that’s being extremely generous. I mean extremely. Don’t expect that much. Companies will give cents per share, so if you had META for example and wanted dividends you would need to have $143,000 invested to earn $3 a week in dividends
Yes