Announce a 5 day a week return to office with tracked attendance. You won’t even need to cut heads. Seems much simpler.
Seems like a good deal if you’re an ETF investor. You have to be a Gold member which costs $60 a year. The only gotcha would be if they raise those subscription fees over the years.
It's only 3% match on the contribution, not the basis you transfer over right? So you're trusting a notoriously crappy broker who may or may not be solvent in 5 years for approximately $1000 over five years?
Seems kinda crazy, but no, it's on the whole transfer and you get it right away, according to the fine print: https://robinhood.com/us/en/about/retirement/
They're insured to 500k But when is the last time someone lost a brokerage account? To be clear I'm far too scared to do it as I'm incredibly conservative investing.
Read more of the FAQ (but not the full scale ToS) and that appears correct. I'm still not going to touch it but I think that's real money on the table if you trust them to be solvent.
It's only insured up to the initial basis I believe. SIPC rather than FDIC. Edit to add that I need to do more research on this before I give any sort of real opinion.
This isn't crypto, brokerage just holds the securities on your behalf. If they go belly up you don't lose your securities
I’m using 5 percent APY with gold with Robinhood, FDIC insured, seems to be legit. I like rolling some money into it every month
In general they have horrible risk management practices and have the worst market fills of any major company.
This is why we keep you money nerds around But also it seems like the vast majority if not all were made whole? I know it took time though which isn't great
Lots of places had to shut down as a result of not having any money for a while. Separately, we just had an instance where a bunch of idiot tech bros yanked all their money out of an institution they loved causing it to fail. Do you want your money tied up for X years while some Reddit GameStop kids all do something similar? 3% is minuscule compared to the stress of “am I going to lose my life savings” will be if any of the downsides happen while you wait to be made whole.
Bringing them up to 5,020 employees laid off since 2022. Great company. Probably one of the most beloved in Boston, by people who like terrible companies.
Robinhood could go under but all accounts would not be impacted since positions should be held in omnibus accounts at DTCC. SIPC insures up to $500k per account type in the instance a brokerage goes insolvent AND customer funds are missing.
I like Robinhood because it’s easy to use and I am not likely ever going to have up to an insurance level in it
I just pointed out an instance where a broker run by the former governor and senator of New Jersey co-mingled funds. But feel free to take your 3% one time benefit if you think it is worth it.
Then you would look to SIPC to reimburse you for up to $500k per account type during the liquidation process. Gotta make sure robinhood is in good standing with SIPC.
Long and short of the above video is RH is a clown organization and certainly not something I'd trust to hold even a semi material amount of wealth. caveat: I am in the banking industry and have a vested interest in maintaining status quo.
I get it, but do you get it? Long and short of it is if any large bank could cut out 90% of its regulatory workforce and create a solely digital platform they could offer all kinds of incentives. But I don't think that would be in the best interest of the consumer. To be honest RH has stuck around and maybe managed their risk better. If you believe that, then I've got a great DET +7 line to sell you.
im just busting balls but i do not think the criticisms of RH hold much water from anyone in the banking industry (even valid ones), notoriously play by the rules and look out for the consumer industry
And I don't believe vaccine opinions hold much water from anyone in the medical industry. (see how two can play at a dumb game like this)
guys, i might like our defensive tradfi guys better than the fintech realm but yall still in the field of conning people out of their money. its ok thats what most jobs are, tradfi just got some crazy body counts by their fuck ups.
guess i might compare the impressive vaccine production to how the fed has handled the covid shocks, but this is a recent trend of the finance folks doing good things
https://www.npr.org/sections/health...8/a-decade-marked-by-outrage-over-drug-prices https://www.mckinsey.com/industries...-impact-of-inflation-on-the-healthcare-sector https://siepr.stanford.edu/news/americas-medical-debt-much-worse-we-think but tell me more about how the banks are the real problem here.
yes financialization and privatization of healthcare in the US was a giant mistake and banks are intimately involved with all of it i feel like you're just throwing shit around cause you got in your feels by what to me is justified skepticism around everything in finance but our lord and savior bogle