Is robinhood good for stocks?

I have twice had Robinhood freeze trading for my account when it benefited them and hurt me. Not being able to buy or sell at the right time was completely infuriating.

Please invest 2-3 hours in learning to invest from a trustworthy source. More in a moment.

No, Robinhood is not a good place to invest.

No, you don't need to constantly monitor your investments. Doing so is likely to lead to mistakes.

No, you shouldn't invest in individual stocks.

I retired at 57 years old. Investing doesn't have to be complicated or costly to be successful; simple & inexpensive is most effective.

I invest 100% in total-market, index-based, low-cost mutual funds. Specifically, I use mostly Vanguard's Total Stock Market, Total Bond Market, Total International Stock Market, & Total International Bond Market funds. I've been investing this way for 35+ years. It's effective, simple, & inexpensive.

www.bogleheads.org/wiki/Getting_started has some great free resources to learn about investing. After a few hours reading the articles, and, especially, watching the Bogleheads Philosophy videos, most beginners can learn how to get better results than most professionals. Bogleheads is named after John Bogle, founder of Vanguard.

My asset allocation (ratios of the funds mentioned) is based on my need, ability, & willingness to take risks. Market conditions are not a factor. Vanguard's investor questionnaire (personal.vanguard.com/us/FundsInvQuestionnaire) helps me determine my asset allocation.

Buying individual stocks or sector funds creates unnecessary & uncompensated risk; I avoid doing so. Index funds are boring, but better for making money. If I wanted to talk about my interesting investments at parties or wanted a new hobby, I might invest 5-10% of my portfolio in individual stocks. As it is, I own pretty much every publicly-traded company in the world; that's interesting enough for me.

All of the individual stocks & sector funds are being followed by thousands or millions of other investors. Current prices reflect their collective knowledge of future expectations for each one. I'm a member of the Triple Nine Society, but I'm not smarter than all of them. If I found a stock or sector that looked like a bargain, the most likely explanation would be that the others know something I don't.

I prefer mutual funds, but ETFs could also work well. The differences are usually trivial for a long-term investor, especially if they're the Vanguard funds I mentioned above. Actually, the Vanguard funds I mentioned above have both traditional mutual fund shares & ETF shares; they both represent a piece of the same fund.

The funds I use comprise Vanguards target date funds and LifeStrategy funds; these are excellent choices for many investors. Using the component funds allows some flexibility that can have tax benefits, but also creates the need for me to rebalance them periodically. Expense ratios are slightly higher than for the components but are well worth it for many investors.

Other companies have funds similar to the ones I own that would work well. I prefer Vanguard because they've been the leader in this type of investing for decades & because Vanguard's customers are also Vanguard's owners.

I hope that helps! I'd be happy to help w/ further questions. Best wishes!

Robinhood is trash. Don’t trust that platform- after the whole Game Stop scandal- I and lots of others left. Don’t trust them. Just Google it you will see.

Do you want to set it and forget it or do you want to day trade?

If you want to set it and forget it just invest in a retirement20XX where XX is the year you want to retire fund, out of vanguard.

If you want to day trade, why look for a single stock that will your super blue chip growth daddy? (I think the term you are looking for is "blue chip.")

If you want to play stocks, my suggestion is you put 50% in your retirement 20XX stock per month, and 50% in your current fav. Do all the research you want. If you get unhappy with your blue chip, take another.

Either way, why do you need to be logged in all the time? Logged in all the time is for day traders. I do it; not sure it is helpful for me. I have a pretty advanced basket of stocks.

Don’t listen to these emotional users telling you robinhood is the worst, they’re just butthurt about GameStop lol

Robinhood is a RIPOFF!I tried support and it appears to be a concern they can not solve. I transferred shares of Robin Hood stock and I was charged a $100.00 transfer fee. Besides being out $100.00 I was never alerted to being charged that fee. RIPOFF!

Robinhood is fine

Don't put your stocks in an individual company. Put them in SPY, VOO, VTI, something like this with built in diversification.

If you go ahead and do this (I recommend you do) don't sell when they start going down. These are funds that WILL recover even if they go down.

No. They sell your movements so other companies can profit off of you.

Robinhood is bad for investing. It's only good for very basic needs. If you are planning for transparency and a reliable retirement vehicle, look into Fidelity. They have sp500 index funds that has 0.015% expense ratio (FXAIX), and a zero exp ratio market fund (FZROX).

Fidelity also has tax-advantaged accounts. I believe RH still doesn't have one.

The other thing Fidelity does is use the uninvested money in your accounts as if it's a HYSA, giving you a 5% interest in the accounts you have not utilized yet for stocks.

Make an E*trade account. It’s free to trade, has much more options for when you get the hang of things and it feels more “reliable” for the long run to me.

No. Awful.

I switched from Robinhood to webull and I like it a lot more

Watch ‘Eat the rich’ on Netflix