How Robinhood Really Makes Money

How Robinhood Really Makes Money


– So in this video today
I’m going to be answering one of the most common questions that I get every single day, either here on my YouTube channel or over on my investing blog. And that is the question of how do these free trading apps out there actually make any money? And the thought process behind
this makes a lot of sense because a lot of us were taught, especially when we were younger, that there is no such thing
as a free lunch out there. I’m sure you’ve all
been at the mall before, or somewhere in public, and someone comes up to us and says hey, I wanna
give you a free cruise or a free vacation, and you get roped into
this long conversation only to find out that
it in fact is not free and you just surrendered
over all of your information. So are these trading apps legit? Are they a complete scam? That’s what we’re gonna
answer today in this video. So unless you’ve been living under a rock, or maybe you just don’t know anything about the stock market, you’ve probably seen
these ads for different commission free trading apps out there. Three of the most popular ones being Robinhood, M1 Finance, and most recently an app known as Webull. These companies are spending millions of dollars on advertisements and acquisitions of customers, but they’re not charging
anything for trades, and most of them have a zero
dollar minimum account balance. And not only that, but a number of these different apps are
offering you free stocks just for signing up. And that right there is the perfect segway into a shameless
affiliate plug for Webull. So I of course am affiliated with Webull and they are offering
users up to two free stocks just for opening up an account with them. So number one, you do
have to open an account to get a free stock. And then number two, after
you fund that account with $100 or more, you’re going to get a second free stock. So if you’re looking to get into investing in the stock market and you wanna explore the Webull platform, they’re gonna offer you
up to two free stocks just for signing up. That’s going to be the top link in the description below. Now you do have to use my link in order to get those two free stocks, or someone else’s affiliate link if you just don’t like me. But if you download the Webull app from the app store you will not get any of the free stocks. I’m not just saying that, that is the God’s honest truth. They are using this as a
way to draw new accounts. And if you’ve already heard of Webull and you’re downloading
them from the app store, they don’t have to spend that
money giving you free stocks. So if you wanna take
advantage of that offer, that is the top link in
the description below. So maybe you’re one of these people that are still
very skeptical about this, your inner scam alert is being triggered, and you basically wanna understand how a company that charges
zero dollars for trades, has, in most cases, zero
dollar minimum account balance, and they’re literally handing
you up to two free stocks, how is there any money to
be made in this business? And just to circle back here and give myself a bit of
a credibility point here, I have been writing about these
different brokerage accounts and investing apps over on
my personal finance blog, investingsimple.blog, for the last year. So I have put hundreds
of hours into research on these specific platforms. And for this video alone, many hours of research went into this. All that I ask in return
is that you go ahead and hit that like button for me. Don’t worry, I will wait. Okay, thanks for hitting
that like button guys, I really appreciate that. It helps out with the algorhithim and just overall shows your
support for my channel, so I do appreciate that. But that being said, lets get into it and talk about how these brokerages made money in the past. So if we went back in time
about 10 years ago or so, your only options when it
came down to trading stocks were basically one of two options. Number one, you could go through
an online discount broker. We’re all familiar with these. There’s Charles Schwab. There used to be Scott Trade, TD Ameritrade, E Trade. This is what you call an
online discount broker. And these online discount brokers allowed you to place trades online, paying a small commission of
around five to $10 per trade. Option number two was a
little bit more expensive, and that was to go through
an in-person stockbroker. And that was somebody you would literally call up on the phone and say hey, I’d like to place a buy order or a sell order of these specific shares. So in the past that was the only way that you could trade stocks. You had to pay commissions on your trades, and most of these accounts for
these online discount brokers had minimum balances of $500 or more. And this made it extremely
difficult for beginners to get started with
investing in the stock market because even if you had enough for the minimum account balance, you were spending so much
money on trading commissions that even if you turned a small profit your commissions are gonna
wipe that out entirely. So then in April of 2013 everything about the brokerage
industry changed forever with the introduction of Robinhood. And Robinhood came on the scene offering zero dollar commissions, zero
dollar minimum account balance and they even had a referral program where if your friend
referred you to Robinhood you would both get a free stock just for signing up for
an account with them. So this was extremely disruptive
to this brokerage industry where pretty much the
old way of doing business was what everyone was doing, and Robinhood came on the scene and said nah, we’re
gonna do it differently. So obviously a number of
companies have now followed suite. M1 finance originally
charged fees to customers, but they went commission
free over a year ago now. And then most recently we have Webull, which is a more sophisticated trading platform than Robinhood, which is offering commission free, short telling commission free trading, and all kinds of additional
bells and whistles above and beyond what
you see with Robinhood. So essentially we can credit Robinhood for starting up this new industry here of commission free brokerages or commission free trading. And this literally did
not exist even just five or six years ago. But obviously M1 Finance, Webull, and Robinhood are not charities. They have operating
costs, they have employees and they have to have
a means to make money. And so they are in fact making money, but they made the decision
to do dit in a different way than the old school players were doing. So in the past this is
how you would make money as a brokerage. Number one, you would charge
commission for trades. As we said, that’s what these online discount brokers
were doing for years. Or number two, if you built
portfolios for your customers, you would charge an annual
asset management fee. So for example a common
management fee was around half a percent to one percent. So if you had $100,000 in a portfolio, that would be $500 to $1000 per year in fees paid to that
financial institution. Now these free investing platforms obviously disrupted this business model and eliminated the commission environment. And M1 Finance even offers
pre-built expert portfolios with zero percent annual management fee. Now it’s important to understand that in order for these
companies to offer all of these free perks they had to do a significant amount of cost cutting. And there were some major inefficiencies with how these traditional brokerages were operating their businesses, primarily in three different areas. Number one was customer service. Phone support is extremely
expensive and time consuming so all of these free
investing platforms out there exclusively handle customer
support through either Email or chat support. You’re not gonna find any phone support with these free investing apps because they just can’t afford it. Number two, the second area is paper. Paper is extremely expensive. It costs money to mail out statements so all tax documents and statements are going to be sent
electronically to your Email or available through the apps. And then third and
finally retail locations. You can drive to a Charles Schwab or an E trade office and make a deposit. And you can call someone up on the phone. But all of that is going
to be costing you money when it comes down to
asset management fees, as well as commissions. So there is no such thing
as a Robinhood office or Robinhood branch you can stop into. And these are the three areas that these free investing platforms have really cut back on in order to offer the perks
that they’re offering you now. So that being said, now that
we’re all caught up here, understanding the landscape of these free investing platforms, lets talk about how they’re
actually making money. But before we do that, I wanna go ahead and do a
quick survey for you guys. So what I want you to do is scroll down to the comments section below and drop me a comment of what brokerage you are currently using. I’m curious if a lot of
people have switched over to these new investing platforms or are they still going the route of the online discount broker or the in-person broker. So pause the video now. I will wait for you. Drop a comment down below. Okay so the first way that these
apps are able to make money is through the uninvested cash held within your brokerage account. So when you invest money
through these platforms you deposit money from your bank account into your brokerage account, and you use that money
to buy stocks or bonds or whatever it is that you wish to buy. Now not everybody invests
all of their cash at once, which means that there is idle cash held within your account. Now this may be as small as $5 to $10, but when you consider the fact that there are millions of different accounts with each of these platforms, that small amount of uninvested cash starts to add up. And they do not pay any
interest on that cash, and as a result they are
able to loan that money out and collect interest on it in the process. Now before that is a red flag for you guys I just wanted to let you know that you are insured through SIPC, which protects you up to $250,000 for the cash held within
a brokerage account. So if they loaned out all of this cash and lost that money, you
are insured up to a quarter of a million dollars. And it’s also important to note that pretty much every
financial institution out there is doing exactly this. When you put your money in the bank it doesn’t stay in your bank account, it gets loaned out, and it’s a means for
that bank to make money. Your brokerage accounts are
doing the exact same thing. All right so the second
way these companies are able to make money is through something called a margin account. And a margin account is where they are matching your buying power. In most cases dollar for dollar, and essentially giving
you a loan to invest with. So for example if you had
$50,000 in your brokerage account and you opened a margin account, you would effectively have
$100,000 worth of buying power. $50,000 is your cash, the
other $50,000 is a loan given to you by your brokerage account. And just like a traditional
loan from the bank, you have to pay interest on
that loan every single month. And this is a way for
your brokerage account to make money and earn interest, and it’s another form of income for them. Now this is an extremely
risky area for investors. I don’t recommend margin trading, I don’t really know anybody who does, but it is a way that they make money. One example is Robinhood Gold. That is a subscription that
allows you to have margin and gives you additional buying power for a certain dollar amount each month. And it’s important to understand as well that through a margin account your stocks are actually
serving as collateral. So if you end up losing
money on a bad investment you will get what is called a margin call, which is when you are required to deposit additional cash into that account or they will be selling your stocks and keeping that money. So it’s a low risk way for
these brokerage accounts to make money by offering you
a loan to purchase stocks. And if you do in fact
make a bad investment they have the right to sell your stocks and keep that money. Now the third way that these
brokerages are making money is by offering some type
of paid subscription or paid membership. Robinhood Gold is an example of this, where you’re getting access to margin. Another example of this is Webull sells subscriptions to
global real time market data. So if you wanted to get
real time market data on different global exchanges, you can pay a monthly subscription to get access to that data. But it’s important to
remember that all investors are going to get access to
real time US market data completely free. If you have the desire to get
data on other global markets, you can pay a monthly fee for that. And then lastly, M1
Finance does offer M1 Plus which is a debt and checking account that offers similar cashback
benefits to a credit card. But you do have to pay an annual fee. So that is an additional revenue stream for these free investing apps. Number four, the fourth way
that these companies make money is by lending shares out to short sellers. Now this gets a little bit
deep in the weeds here, but I’m going to try to explain
this as simply as possible. Short selling is essentially betting against a particular stock. So most people in the
stock market make money when the stock goes up in value. So you wanna buy at $10
and maybe sell at $15, making money by buying
low and selling high. Now short sellers on the other hand are making money in
the exact opposite way. They’re betting against a stock and they want a stock to
go from $15 down to $10. That is when they would make money. So in order to do that, this takes place in a margin account. What they have to do is borrow shares from a brokerage account, sell them on the market and then at a later date
repurchase those shares from the market and return them to that financial institution. So brokerages like M1 Finance and these other free investing platforms loan out your shares to short sellers and earn margin interest in the process. Now don’t be too worried about this. Again, because through that SIPC insurance you are insured up to $500,000 for the securities held
within your account. So if your brokerage lent out your shares and then they lost your shares, you’re insured up to a
half a million dollars for those securities
held within your account. And on the M1 Finance website for example, they publicly stated that they lend out less than five percent of securities, meaning that 95% of them stay
in the brokerage account. Only a small percentage are
being lent out to short sellers. Number five, the fifth
way these brokerages are able to make money is
through something called a portfolio line of credit. Now most of us are familiar with a home equity line of credit, and it’s honestly quite similar. A home equity line of credit is a way for you to get a low interest
loan for whatever you need, maybe it’s medical bills,
maybe you wanna go buy a car, whatever it is, it allows you
to get a low interest loan, which lets you use your
house as collateral. So if you don’t pay back that debt they have a lien on your property and they have a right to
ownership of your property. Or if it’s liquidated they’re going to get money back
in that liquidation process. The exact same thing is possible with some of these brokerages. One example being M1 Borrow. So you’re allowed to borrow
money against your securities at a very low interest rate because you have collateral in place. So if you had an unsecured loan, that could be 15% to 20% interest, but a secured loan might be anywhere from four to six percent interest. Obviously those are just guesstimations, those are not real figures. But it’s usually somewhere around there. So it’s an appealing way for people to get access
to a line of credit without a high interest rate. And of course if you did in fact default on your obligations the
brokerage has the right to sell your stocks to recoup that loss. Now number six, the final way these companies are making money is honestly quite controversial, so I wanted to save it for last. And it’s also the most complicated. But I’m going to try to explain it in the simplest way possible. And that is that these
companies are making money by directing order flow. Now there’s a number of different
components at play here, and we’re gonna add on to
these one at a time as we go. Starting off with your brokerage account. So your brokerage account is essentially where your stocks live. In order to have stocks and
invest in the stock market, you hae to do this through
a brokerage account. Now when you buy and sell shares, this happens on an exchange. The two most common ones people talk about are the New York Stock Exchange and the NASDAQ. And essentially that is an exchange that connects buyers with sellers, and it allows you to transact stocks and do so in a very short period of time. And the measurement of how
easily assets change hands is known as liquidity. So stocks, publicly traded stocks, have high liquidity because they can be easily converted into cash. Meanwhile, something like real estate has lower liquidity because
it’s not on the public exchange, and it’s a lot more
difficult to turn a piece of real estate into cash. So let’s start with those components and begin explaining what
we have going on here. So when you log into
your brokerage account and you go to sell a stock or buy a stock, it is going to go through an exchange, most likely the New York
Stock Exchange or the NASDAQ. And on these exchanges
you have public quotations of all of these different assets. Now within that you have
two different things here. You have the bid price and then you have the ask price. And the bid price is essentially what people are willing
to pay for the stock, and the ask price is what people
are looking to sell it for. And there’s always a difference
between these two numbers, known as the spread. So let me give you guys
a quick example here to make sense of what I just
threw at you, all right? Let’s say you have Scribner stock. If my company traded on a public exchange, and you had a bid price of $10.50 and an ask price of $10.55. That means that people
are trying to buy my stock for $10.50 per share. People are trying to
sell my stock for $10.55. And there is a spread of $0.05. So if that order was filled
at that exact instant it would be filled somewhere between $10.50 per share and $10.55. Now there’s another component here that we have to talk about, and that is something
called a market maker. And the market maker is essentially the middle
man in this transaction. And why we have a market
maker is so that we can have that thing called liquidity, which is the ability to
buy and sell our stocks at a moment’s notice. So, as you can imagine, people who are buying and
selling stocks are doing so at very different times. Maybe one day you’re seeing a lot of people trying to buy
this particular stock or sell another one. And you’re not always going
to have a perfect buyer and a perfect seller lined
up at the right time. So let’s take Scribner
stock again for an example. Let’s say somebody’s trying
to sell 1,000 shares, but then someone’s only
trying to buy 200 shares at the exact same time. Well that order wouldn’t be filled because there’s an additional 800 shares that have to be sold. Essentially what the market maker is doing is filling that order regardless of whether or not they have
somebody on the other end to buy it at that exact moment. So if you are looking to sell 1,000 shares of Scribner stock, they’re gonna
fill that order immediately and then they’re gonna sell those shares whenever orders come up. And in doing so they’re looking to make a profit on that spread. So just to use an example here, lets say they bought
shares of Scribner stock, 1,000 shares at $10.50 per share, and then they sold these
off in five different lots of 200 for $10.55 per share, they’re making $0.05 per
share across 1,000 shares. And so a lot of people
think this is a huge scam having these market makers, but the truth is they
have a very important role in the way that stocks
and publicly traded assets trade on exchanges by offering
you that immediate liquidity. If we didn’t have the market maker, we would not have the
liquidity that we have today. And if you were looking
to buy and sell shares, there would be no guarantee
that you have a buyer or a seller on the other
end at that exact instant. So the market maker provides
a very useful service of providing us with liquidity, and in the process they
make money on that spread. So circling back to
the brokerage accounts, you have something called order flow, or essentially where
they’re actually sending these orders to be placed. So M1 Finance, Robinhood, Webull, they’re all allowed to prioritize whoever they’re
sending these order to, and they earn money in the process by directing order flow
to certain market makers. So on their website M1 Finance disclosed how much they are making, and they said that they
direct orders to electronic market makers that earn
them roughly two hundredths of a cent per share transacted. And when you multiply
that across thousands or tens of thousands or millions of shares
trading hands each day, that could be a
significant amount of money and a good revenues stream
for these brokerage accounts. So anyways guys, that is
gonna wrap up this video. That is how these free investing apps and free trading apps are making money. They all carry the same SIPC insurance, as the traditional brokerages do. And they are just as safe
as these other brokerages that we are all used to. You always wanna make sure
that they have SIPC insurance. But the three names
mentioned in this video I have vetted all of them, done massive amounts of research on them, and I have an immense
amount of trust built for all of these platforms. So they are not a scam, they’re not stealing or
selling your information. They simply saw inefficiencies with the old way of doing things and they figured out new and
creative ways to make money. Now circling back to one
more point I wanna make here. Lets talk about the free stocks because these companies are
often giving out free stocks or free investing credits
for their referral programs. And as we mentioned earlier,
Webull of course is offering two free stocks if you click the top link in the description below. And that is because of something
called venture capital. So because these companies are
rapidly gaining market share there are people who want
to invest in these companies on the ground floor or during early financing rounds because they’re looking at make money. And so these companies
are backed with millions, hundreds of millions of dollars of venture capital and
they’re spending that money on ads and customer acquisition. So just to give you an example of this, Acorns finished another round
of financing in January, which raised another 105 million dollars, giving them a valuation
of $860 million dollars. And one of the most well known Acorn investors from earlier on is none other than Ashton Kutcher from That 70’s Show. I just think that’s funny. I’ve seen him on the ads before. But Ashton Kutcher is a venture capitalist who invested in Acorns. So these companies have hundreds of millions of dollars to play
with in terms of advertising, as well as affiliate relationships, and that is why they are
able to pay people like me. Affiliate commissions for referrals and give the users free
stocks, free investing credits, whatever it is that they’re offering. So essentially you get people like me, and I write reviews of
different brokerage accounts, I do videos of different
brokerage accounts, and then I have affiliate links which are in the description below. And then when people click on those links and sign up I earn
commissions in the process. And just from these
brokerage accounts alone we’re talking probably 10 to
$15,000 per month in total is what I’m earning just
from affiliate commissions by reviewing these apps and making money in the process through these affiliate relationships. So of that hundred of millions of dollars of venture capital, a small amount is trickling back to me because of my affiliate marketing efforts. So that being said guys, if you do want to sign up for Webull and get those two completely free stocks and see how this whole process works, that is the top link in
the description below. But if you are like the one percent of people who see past
the smoke and mirrors and you’re curious about my business model of affiliate marketing, which allows me to earn
20 to $30,000 per month across all of my different affiliates, I have a completely free two hour training I’m gonna point you guys towards down in the description below that goes into a lot more detail about my business model and how I make money doing exactly this, which is making referrals to
different online platforms. But thank you guys so much
for watching this video. It’s been a question I’ve been
getting for a very long time. I hope I did my best to answer
it in a very simple way. If I did, make sure you
hit that like button and subscribe to be notified of any future uploads. Thank you so much for watching, and I will see you in the next video.

100 thoughts on “How Robinhood Really Makes Money

  1. E-Trade, Robinhood, Fundrise, Betterment

  2. Robinhood

  3. I was with Robinhood. Now I use Webull.

  4. Thanks for explaining.

  5. M1 finance for partial shares and Roth. It’s nice to not drop 2k – ish on Amazon at once when you can split that up.

  6. I'm based in the UK, I use etoro

  7. mexem/interactive brokers

  8. Schwab and M1. I tried Robinhood but it has bad research tools and few features. I would rather pay Schwab $5 for all the extras. I can even watch live CNBC on the Schwab app.

  9. Fidelity and Robinhood

  10. I’m in the process of leaving Fidelity, moving my funds to other programs…Ally Bank and M1 Finance and my local credit union.

  11. Currently with TD Ameritrade but that's about to change lol.

  12. I’ve been using Robinhood for a little over a year

  13. Anyone buying Deutsche bank?

  14. I use Robinhood to day trade and swing trade and have no problems

  15. Questrade and WealthSimple (I'm a canadian investor)

  16. Can we use robinhood in the United Kingdom? Or is there a similar app for uk investors

  17. Robinhood but thinking about switching to weebul once I understand it more

  18. Robinhood

  19. I use Robinhood…love it because I'm a buy and hold forever investor. Plan on just living on dividend money.

  20. How about stash, which is not free and is even simpler than robin hood.

  21. Now I get it how they(brokers) get paid. Makes sense

  22. This guy is annoying. Stop plugging all your garbage

  23. What about Stash.

  24. Tastyworks. Closed Robinhood as tastyworks is far superior for options trading

  25. Which ones would be best for a business account

  26. I closed my Robinhood account. Just don’t trust them after the high yield savings account fiasco. Complete amateurs and very shady.

  27. I put my big investments with Ameriprise and I’ve been dabbling with short-term investing with Robinhood.

  28. M1……and love it!

  29. Hey Guys need some help please… I just opened a ROTH IRA with Vanguard… I just started it up with $300 I’ll have $1,000 in it next week.. here’s my question…when you fund your IRA it automatically puts all the funds into “short term reserves” once I get $1000 in there THEN I should go in and BUY like target trade funds or SP index etc…right? If you don’t go in and invest through the Roth it will keep it all in short term reserves… am I on right track?? Thank y’all for your help

  30. I love M1 Finance, but signed up for Webull in order to try it out and support this channel.

  31. I'm strictly using Robinhood and Webull

  32. I am using Robinhood and love it

  33. Interactive brokers

  34. M1 finance but I have a TD ameritrade account too.

  35. Oh snap! Didnt realize it was Ryan with that hat on his head. Great video, bro!

  36. Robenhood

  37. Edward Jones. I know, I was a beginner. At $55 per transaction, LESSON LEARNED. Next stop: *Etrade. Thanks for the vid, PROFESSOR SCRIBNER!

  38. charles schwab

  39. Charles Schwab for my IRA and Custodial Account; and Robinhood for my individual brokerage.

  40. Just used your link to sign up with Webull, got a free stock, GNW worth $3.16, woot!

  41. Robinhood all day, been using for over two years and will be three in August. Customer support is great…..even if it’s going through email they still get back to you with any questions or concerns.

  42. I think you should make a how to choose a bank video. That'd be very interesting to watch.

  43. I use Robinhood and modern woodsman fraternal financial

  44. Except that most market makers are now Bots and what does a bot need money for except go to the company that he was programmed by so its a fee

  45. Incredible! Until now cannot believe I just made $1529 with this excellent web-site here getbigmoney.club?962

  46. Just gave you all 25 min on my way home from work. I really liked all the depth on bid/ask spread . Thanks for the video!!

  47. Stash

  48. I just used your link, though Graham mentioned this the other night, to try and sign up. There came a point where purgery was mentioned so I couldn't Agree to the stock answers, as I am learning the meanings and implications of answering Yes.
    So it looks like I am precluded from using Webull.

  49. I analyze stocks on td Ameritrade and trade on robinhood.

  50. New app called etoro,do you recommend it?

  51. I started trading with Robinhood, but started an Acorns account before that and a Wealthfront account not long ago. I may be looking into M1 or Webull as I continue trading though.

  52. My IRA is on Fidelity and my Taxable account is on Robinhood (for now), I buy 1 or 2 shares per week so its the best option right now

  53. I have been using Fidelity for almost a decade

  54. I use Hargreaves Lansdown

  55. i tried this and it works for me

    ppgenerator. ml (type it in ut chrome without space) , i got $240 with it you will thank me

  56. I like the thumbnail lol

  57. DEGIRO and BINCKBANK for individual stocks and Zwitseleven/actiam for indexfunds. @the Netherlands(Holland).

  58. Robinhood Financial Inc

  59. What gives you the drive to do this much research, for example, on the subject covered in this video?

  60. Betterment

  61. I am from the UK, the UK launched its first freetrade app last year. I currently use a app called Free Trade (currently only available in the UK)

  62. I USE BETTERMENT AND M1 FINANCE

  63. dont have acess to the apps in uk. i have interactive investor good for buying shares, i cant buy though others.

  64. I started on E-Trade b now I'm solely using Robinhood….

  65. Robinhood

  66. Robin Hood.

  67. Lutherangrants /org are lifesavers .They sent me a grant of $44,000 to finance my business .I am indeed thankful .

  68. Thanks for the info. I recently got started investing with Robinhood. I have Fidelity for 401K.

  69. I still use Fidelity and an advisor.

  70. Great video!!!

  71. I use Robinhood because I am new to this and was just testing the waters, but I started dropping more and more cash, now I’m selling my stocks to pull my cash out, but I’m holding a few to see the rise and fall. Also I haven’t lost any money only gained a few bucks.

  72. E-Trade for research and long-term investing. Robinhood for options and M1 for partial shares

  73. I use Robinhood and Webull.

  74. robinhood

  75. I use Robinhood

  76. I'm using Edward Jones, but looking for a good way to invest in a particular ETF. I'm considering adding a discount, online firm for that purpose.

  77. Hi ryan can you do a video on how to stash your cash in other ways other than the bank.

  78. Interactive Bromear

  79. Ally

  80. Robin Hood and Webull. WB 10x better plus no PDT🤑

  81. Hey Ryan is there any of your content that I can share on my page?

  82. I use Robinhood. Working on getting a Vanguard account

  83. Only have a Robinhood acct. But I'm small fry. I just play around trading small amounts.

  84. I use M1 finance because I like automation and partial shares

  85. I use etoro

  86. I’ve been using Robinhood for the past year.

  87. Joe's Super Duper Discount Broker is who I use… given so much personal information is being stolen online, people really need to be cautious about personal information they post, also many people are closing or highly restricting thier social media public information (that would be a useful video to think about in my view). There's a big movement now for people to close thier Facebook accounts, but Messenger is worth having and keeping FB in my view. Also some sites like ancestry.com sell DNA information or law enforcement can use these sites to spy on you or your family in the name of fugitive searches, many of these sites claim they don't sell your information, but there are more than the CIA and FBI: There are 17 agencies that make up the U.S. intelligence community, and if you voluntarily give your out DNA you're at risk. Also note this video has too many commercial ads that interrupt the video, too intrusive for my taste, I know people want to make money on youtube, but, no thanks.

  88. M1 for my Roth and individual brokerage account….love it!!!!

  89. Facinating…I had no idea how it worked! Thank you for explaining it so well! 😁

  90. I use Schwab and Fidelity. I do long-term investing, so the commissions don’t mean much to me.

  91. M1 for everything; including my checking once Spend goes live. Why? Besides what you covered in this video: privacy and customer service. My information is not sold to make money, and my experience with CS has been fantastic – and they DO have solid over the phone support. Hoping the company can continue to thrive.

  92. Robinhood and TD Ameritrade.

  93. I loved some of the tips you gave and have followed a couple of them. Nice work!

  94. Coinbase

  95. M1 Finance is the best…

  96. robin hood

  97. I use M1 Finance because of the fractional shares but I like Robinhood

  98. I use RH for options/speculation and M1 for long term dividend and growth accounts because of the fractional shares along with the DRIP. I also have a Wealthfront account for that tasty APY and trying out Betterment but these two run at 90/10 and 83/17 stocks to bonds respectively, however, you can control the ratio to some extent. However, these two basically just buy funds that I own in my M1 growth account already so kinda pointless.

  99. 12.50 Could you make a video about how to lend shares to short sellers? Schawb has a program for it interest to know the possible returns.

  100. If you are a trader, you are not going to be parking your money in a low interest money market account.

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