It's 5.25% as the time of this comment. It's only worth it if we have at least $2k in brokerage in order to pay itself off and make extra money. There's no point in keeping anything less than $1.5k..even that's low but it's where the line is drawn. I couldn't care about margin investing, even if they provide it interest free for a period time..I will however appreciate the Morningstar research and Nasdaq research. Depositing more and faster is hardly relevant to me too..half of the perks of the subscription are negligible but they add them to market the perks. The only thing that really matters is doing the math and seeing if the 5.25% will benefit you, as well as the final advantage is the 3% IRA match if you keep Gold for at least a year, with another caveat of having a brokerage account for 5 years.
Was ALL ABOUT Robinhood but they locked my account 3 times for literally nothing: moving $6k to RH (twice) and trying to transfer $50 of crypto to a RH wallet (yes u read that right). RH is terrible at customer experience. When they lock you out, you cannot do anything including getting direct deposits. LEAVE THIS APP IMMEDIATELY
The increase to the contribution to the Roth IRA is also good! That alone pays for it since it’s free money that could easily pay for part of or even a full share of a stock
I’m not quite sure if this is for me, I want to make 5% apy but don’t know if there is a catch. Do I have to invest the money into something? Can it just sit there like a savings account? I’ve got $20k saved.
@@TheRDGuarantee surely there has to be a “gas-fee” to remove the funds from Robinhood and put it back in your bank account. I don’t mind the $5 a month charge, but I do mind if there’s something else I have to pay for other than capital gains tax.
For those of you who have Robinhood Gold:
1. Is it worth your money?
2. What feature made you decide to buy it?
Robinhood just gave us another boost. The new interest rate just got bumped up a little more to 4.65%.
Its insane! I'm going to have to update the thumbnail :,)
@@TheRDGuarantee I think maybe next time wait until after the fed meeting to release the video
4.9% now
It's 5.25% as the time of this comment. It's only worth it if we have at least $2k in brokerage in order to pay itself off and make extra money. There's no point in keeping anything less than $1.5k..even that's low but it's where the line is drawn. I couldn't care about margin investing, even if they provide it interest free for a period time..I will however appreciate the Morningstar research and Nasdaq research. Depositing more and faster is hardly relevant to me too..half of the perks of the subscription are negligible but they add them to market the perks. The only thing that really matters is doing the math and seeing if the 5.25% will benefit you, as well as the final advantage is the 3% IRA match if you keep Gold for at least a year, with another caveat of having a brokerage account for 5 years.
Level 2 market data is what I want and you convinced me by feature 3 to get it !! Lol 😂
Haha awesome!
5% right now in Nov 2023 with 3% IRA match. That 3% is worth a $5 sub on its own. Just stack > $1300 in the brokerage and you’ll be five
Was ALL ABOUT Robinhood but they locked my account 3 times for literally nothing: moving $6k to RH (twice) and trying to transfer $50 of crypto to a RH wallet (yes u read that right). RH is terrible at customer experience. When they lock you out, you cannot do anything including getting direct deposits. LEAVE THIS APP IMMEDIATELY
I opted for the Gold feature, it pays for itself and then some.
💯
The increase to the contribution to the Roth IRA is also good! That alone pays for it since it’s free money that could easily pay for part of or even a full share of a stock
Good videos man, keep it up!
thanks for this video, im getting gold because of you
Awesome! I hope you love it.
Another Boost, NOW at 4.9% and still only $5.00 a month for the Gold.
One of the best deals in passive income!
I’m not quite sure if this is for me, I want to make 5% apy but don’t know if there is a catch. Do I have to invest the money into something? Can it just sit there like a savings account? I’ve got $20k saved.
It just sits there like a regular savings account. The "catch" is that robinhood gold costs $5 a month
Exactly right^
If you invest it, it doesn’t get the 5%. However, if you just let it sit there in cash, it will be earning 5%.
@@TheRDGuarantee surely there has to be a “gas-fee” to remove the funds from Robinhood and put it back in your bank account. I don’t mind the $5 a month charge, but I do mind if there’s something else I have to pay for other than capital gains tax.
No fees for standard transfers unless you want instant transfers.
Do you get more insurance on your money if you have GOLD?
Think up to 2mil