I recently closed my EJ accounts to consolidate in my Ameritrade account. In order to make this happen I had to initiate the transfer through my Ameritrade account.
Quick look, SIPC only covers 250k coverage if company goes belly up.
Im well under that. To be honest, I treat single stocks like money at the casino. I have smallish positions in some large domestic companies but pretty much everything else is in solid growth mutual funds. I like boring when it comes to our finances.
Im well under that. To be honest, I treat single stocks like money at the casino. I have smallish positions in some large domestic companies but pretty much everything else is in solid growth mutual funds. I like boring when it comes to our finances.
For what its worth, be careful using robinhood and put only what your willing to lose. CPA buddy mentioned they may go bankrupt.
What knowledge does your CPA buddy have of RH? Is he even qualified to make that statement. Is it because he's a CPA you believe him? RH did 331M in qtr 1 of 2021. Up from 91M same time year before. Could they go bankrupt? Sure. Anyone can. Are there signs showing they will anytime soon? No. That said I stopped using them last year becuase I thought they were being shady with trades.
What knowledge does your CPA buddy have of RH? Is he even qualified to make that statement. Is it because he's a CPA you believe him? RH did 331M in qtr 1 of 2021. Up from 91M same time year before. Could they go bankrupt? Sure. Anyone can. Are there signs showing they will anytime soon? No. That said I stopped using them last year becuase I thought they were being shady with trades.
Keep loaning out money to people for trading and not having the cash to support, it very well can happen.
As for CPA friend, hes my kids godparents and trust him over anyone on here or any investment broker.
So again his qualifications are as follow. CPA, buddy, godparent. Again I'm not defending RH as I don't like them I just get tired of hearing, friend, buddy on facebook etc with zero credibility. I know its the internet and I should ignore but it gets old.
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