Bottom line is that IRA's are tax advantaged and Robinhood accounts are not.

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Jan 25, 2021
12:05:14pm

dYrtbYkerYder All-American

Bottom line is that IRA's are tax advantaged and Robinhood accounts are not.

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dYrtbYkerYder

Bio page: dYrtbYkerYder
Joined: Sep 27, 2006
Last login: May 5, 2024
Total posts: 22,857 (138 FO)

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Messages

Author

Time

Robinhood traders must be crapping their pants— app is delayed

1984coug

1/25/21 10:38am

Schwab is money

JOPE

1/25/21 10:39am

It’s the instant deposits on Robinhood that are lagging

1984coug

1/25/21 10:40am

I use etrade— always been good

1984coug

1/25/21 10:40am

Is it free as well?

Duke Silver

1/25/21 10:42am

Yes

1/25/21 10:42am

Yes

JOPE

1/25/21 10:44am

Almost all brokers are at this point. That is why I don't understand the appeal

crack

1/25/21 10:48am

What are some of the other benefits of Schwab besides speed?

DraperCoug22

1/25/21 10:59am

Here is a good summary

JOPE

1/25/21 11:51am

Thanks

DraperCoug22

1/25/21 2:11pm

Most people should trade stocks from their IRAs, which Robinhood doesn't offer.

1/25/21 10:42am

Does Vanguard allow that through an app?

Duke Silver

1/25/21 10:44am

I don't think so. Schwab, TD Ameritrade, and Fidelity all do.

1/25/21 10:47am

Would you mind explaining, why?

Napoli

1/25/21 10:48am

There's no tax implications from trading in IRA accounts.

ebv

1/25/21 11:10am

Can you not claim losses on stuff you sell?

OPINIONS

1/25/21 11:16am

Yes, you can claim losses. And tax-loss harvesting is very much a thing.

ebv

1/25/21 11:20am

Isn't that just a matter of paying taxes on the gains this year vs the year you

RUNBYU1

1/25/21 11:58am

Bottom line is that IRA's are tax advantaged and Robinhood accounts are not.

1/25/21 12:05pm

Why people are still using Robinhood, I have no idea. Their service went out in

CougarTailDevourer

1/25/21 11:10am

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