Name: Why I don’t use Robinhood (and how I invest in 2020).
Uploaded: 2020-03-27T18:46:44.000Z
Duration: 10 min 1 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of degree

You're just in time for coffee with you're host,

ex-Google, ex-Facebook, multi-millionaire, Tech Lead.

And today, I thought I would make a quick episode

talking about how I manage my millions of dollars.

And am I using E*TRADE, Robinhood, Vanguard, Fidelity?

So I thought I would give you a quick rundown

And I'm not going to pretend I'm a professional at this.

or advice on how I can improve my wealth management,

I'd love to hear, post in the comments below,

Most of my investments are in the stock market,

And you may be wondering, well, what apps am I using?

And I'm actually not using any of them really.

And you may be wondering, well what is this?

Interactive Brokers happens to be a professional

but there's one reason why it outperforms Robinhood

and every other free zero-commission brokerage out there.

And for me that reason is the low margin rates.

When you over-invest or when you have negative funds

in your account, how much interest do they charge on that?

Currently, Interactive Brokers charges about 3.1%,

which is one of the lowest in the industry.

Most discount brokerages are charging about 10%.

And meanwhile, Robinhood charges about 5% margin rate

So for me, given the amount I'm investing,

Sometimes I need to make like a tax payment,

or I just need some funds for some random purposes,

I could be moving money around here and there.

And I could get slaughtered on them if the margin rate

Which is why even though Interactive Brokers,

They continue to charge trading commission fees

when all other brokerages are dropping them to zero,

They charge like a $10 monthly minimum fee

the low margin rates make it worthwhile for me.

In addition, they also offer something called IBKR Lite.

Which is kind of a version that has no trading fees,

in which they're trying to compete with other platforms.

Now if you're not really going on margin all that often,

then I might recommend you check out Webull.

So there will be a link for you in the description below.

Sign up for Webull, it's a stock trading app,

Webull is a highly well reviewed stock trading app.

No commissions, free trades, no minimums,

And a very clean, easy to use, user interface.

There will be a link in the description below.

Sign up through my link and you'll get two free stocks.

you'll know that I've lost $350,000, or more,

And that has shaped a lot of my stock investment philosophy.

These days I tend to just buy-and-hold, I go long.

And I don't mess around with all these complex

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Why I don’t use Robinhood (and how I invest in 2020).

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