Robinhood CEO Vlad Tenev on new credit card: The idea is to add more things to Robinhood Gold
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- Опубліковано 29 вер 2024
- Robinhood co-founder and CEO Vlad Tenev joins 'Squawk Box' to discuss the company's new credit card, what he hopes to achieve with the new offering, the company's stock performance, and more.
Can these guys just let him speak🤦🏾♂️🤦🏾♂️🤦🏾♂️. I hate interviewers who interrupts the guest continuously.
That guy interrupts and talks over Warren Buffet.
Vlad’s face instantly reminds me of 2020 and Covid flashbacks. “I’m not a cat 🐈”
DFV's evil twin
Vlad is the best! American dream
Creative company. Disrupting everything they touch.
Every time Vlad speaks he makes my BS meter hit 11!!
I would not want their credit card, you can never speak to any one if you have a problem, I've been trying for weeks to hear from them
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
I tried copy trading, just when I started investing last Christmas. Had a poor experience, the guy I copied made many small trades, slowly loosing money. What good came out of it was that it gave me an insight into how the market really works. Make sure you do your homework!
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
It is essential for you to have a mentor to keep you accountable
1. Limit your spending/cut off retail therapy
2.Put the extra cash towards investing in high yielding or steady investment.
I think I want to try out a financial advisor, but the amount of information on the internet is overwhelming. Could recommend any good one(s)?
Thata why its called limited edition first come first serve pretty muxh saying getem before thier gone
Plus them rewards dam ppl really missin out
Don’t buy their crappie card just buy the stock if you want to make money. There’s lots of fools in this brokerage account losing everyday
all my assets in Robinhood? HELL to the NO!
🤔🤔🤔
I feel there could be a far more effective CEO. Seems very dopey.
They’re basically a wannabe SoFi lol
This is a joke. This is where this country is now. The debt bubble will explode in a spectacular fashion.
Very stupid questions they are asking .
It's all BS, everything is a fee, buying, selling and this is about to another BS. Free my ass
robbin
hood
Forget this app and this guy. Calling it robinhood is like calling a fat guy "slim"
Robinhood is not bank . I wonder how this credit card works .Where is money came from ?? I wouldn't trust. He looks like con man
The bows are drawing back’. … 🏹..🏹….…. 🌎 Bitcoin and Litecoin reward halving supply shock effect coming down the track….🚀…..✨…..⚡️
Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge!" CFTC rules Bitcoin and Litecoin as commodities 📈
Cornball sense of humor
Lol Can't believe people still use robinhood hahaha
Scam artist. Never forget GME
So, future looks like SOFI vs Robinhood for general young consumer ?
Not young anymore, but V. website is very hard to navigate compared to R. or even Fidelity. As I remember, their funds were pushed as first option as I tried to buy an individual stock. Such a turn off.
Who tf uses SoFi?
@@remsee1608a lot of content creators? 😂
I have wondered. Never needed them for anything nor do I know what they offer, but mail keeps coming.@@remsee1608
Or you know, do not borrow money. 🤷♂️
Him: we're giving 3% back with our credit cards
Her: How do you make money on that?
Him(thinking): credit cards charge 20-30% interest on balances plus the $5/month RH gold membership.
you forgot to mention all of the other benefits you get from the gold membership
If you spend a fair amount that is a great deal. And just pay off your balance every month. I haven't paid interest on my credit card balance in years......
Like robbing the hood selling your positions to steal from users
Just pay off your card. Simple.
@@method341 I don’t think I’ve ever had to pay intrest once technically all the payments by the end of the month, why are you doing that?
"Revenue on balances that customers hold" interesting spin on what debt interest is....
Let’s go I’m on waitlist…
That gold card looks beautiful 🤩
simp
I use Robinhood gold. Love it. Fast transfers. Already applied for the credit card. I love the platform.
I’m confused does the credit card charge my trading account? never had one through a broker before like this
So how credit limit? They giv you highest limit?
@@JonM47 Not entirely sure tbh. I'm sure it'll be user friendly though.
@@henryperez5404 Not sure yet. I'm on the wait-list. But they haven't given me a credit limit yet.
As a day trader there is not a better platform. They are changing peoples’ lives
If you still hate Robinhood
You're stuck in 2020, mad you lost money in meme stocks
I didn't lose money and hate it. What I hate more is idiots who vote for unscrupulous companies by using their products.
Yep
3% cashback is INSANE
1% on deposits is sweet too not to mention the IRA benefits
Various credit cards give 2x on everything and some qualifiers give you up to 5x with no annual fee. RH 3% is good, but with the annual fee disguised as Gold Member which is $50 a year, this 3% doesn’t seem fabulous unless you are a big spender, but I don’t think RH will give you a higher than $10k credit line.
@@sak_5you get a good APY rate on deposits. $1,000 alone offsets the membership
@@sak_5 Also, as a Gold Member, you get 5% on the cash you hold in the brokerage
They are just offering a financial product like any other financial institution... If it benefits you, then get it. Simple.
I love Robinhood! I will never use any other brokerage!
I started with Robinhood and I will End with Robinhood when I die!
Vlad should be in prison!
Now this is Robinhood pioneering a new pathway, but I am afraid I am not a fan of this initiative!
So poor people pay for the rewards, like any other card 😂 And the card is stainless steel by the way 🤐
Lmfao so many people butt hurt over GameStop still. Not even fully understanding why it happend. Regardless I love Robinhood. I’m not even joking. If it wasn’t for the platform I wouldn’t have touched stocks and crypto. But because I have. I’m doing extremely well. Y’all need to stop living angry and learn how to use the tools in front if you.
thanks for lying.
It happened because they are required to have a certain amount of cash on hand, and when so many people are buying and selling a security so much it takes a couple days to settle which means they didn't have enough cash on hand to support future trades.
@@Randy-i4e sounds like a company managed by teenagers trying their hand at a quick fortune.
Yep they weren’t prepared financially at the time for an event like that
@@drewr9580which is illegal for them to lock out trades.
Way to be so condescending to your guest that can actually make a difference in FinTech...
Robinhood has teamed up with Visa on this new card. I listened to their conference call last night
add more indicators so we do not go tradingview for analysis!
That would be nice.
Shouldn't this guy along with his buddy Ken Griffin be in jail?
Vlad the short squeeze impaler!
This dude really thinks he is the one and only Robinhood
I would not mind robinhood being a place to store my money at all
Robinhood is the poster-child for screwing over customers and unethical practices
lmao literally just wrote a comment about how vlad is a muskrat- lol'd when i read your name.
More debt 💪
Debt is good🤡👑
@@AngelValdovinos the best
So fluent in talking
HOOD is the next Schwab/fidelity
I will never forgive Robin Hood for the shenanigans they pulled inclusion with market makers during the AMC GME uprising
fidelity did the same thing do you forgive them? What about Schwab or TD??????????????
Lol so many haters in the comments....I better go buy some $HOOD
When will we actually be able to get the card?
Robinhoods stock is going to have a great year i think
Animal spirits ?! WTF ?
Holy crap are mainstream dinosaur media awful at what they do.
Still on the waitlist, of which I joined on 3/26 at announcement, have been a gold member for over a year with a lot of cash and trading in my account. Clearly I’m not the customer offering the ‘economics’ they need because I can pay my monthly balance on this card.
I won’t be getting that anytime soon. I won’t get a credit card until I get my investments til at least 10k. I think the young people should get a Robinhood account before they get there first credit card. Then when they have a lot of stock then think about a credit card. I went through bankruptcy and never never want to go through that again.
Got rid of Schwab and Vanguard is next to go.
Haha vanguard isn’t going anywhere and Bogle was an early day robinhood of his day. father of low fee index funds
I hope they don't. Just not for me for too many reasons to list.@@matthew.m.stevick
@MatthewMS. I took all my money to robinhood. Gave me 15k free to do so. Vanguard telling me no to bitcoin was the last straw.
@@angloblaxon you dont even own your own crypto on robinhood...
@@jaymoney522 yes you do. When you buy just transfer it to your wallet. It's yours. The problem with doing that is people don't understand crypto. If you are holding or using them yeah you want the crypto. But if you are buying to sell to make profit why move to wallet. Leave it on the exchange and sell it
The irony that they started was to democratise stock trading but are building luxury products for elites 😂. This robin hood and his merry men are serving the sheriff
Idc what anyone says, the product and continued improvements of Vlad and Robinhood are not to be ignored.
This ^^^
People will see. They’re just getting started
Old man was right, should have brought them cards with their names on it. Would have been a thoughtful gift.
At least Robinhood has a very thoughtful customer experience. ❤️
That card is not solid gold. Proof Vlad stretches the truth. It is stainless steel. I'm getting the card though. Good terms
Did she really ask how they make money offering credit cards? 🤣
We still giving this dude the time of day after the BS he pulled on his app to protect his sugar daddies? lol
We just need a credit/debit card that allows you to transfer crypto from cold storage wallet to card to transact anywhere, anyplace and at anytime in whatever local fiat currency your choice of destination desires…also allows you to withdraw paper from any ATM around the world
🎉🎉
Sam Brinkman Fried.
Card only available to members that subscribe to Robinhood Gold, so that’s effectively a $50 annual fee for using this card
Also includes 5.25% return on saving account. So factor in all the benefits
Also 1% deposit bonus. 3% bonus on roll overs. 1k free margin
And 3% IRA Match
That's not true. I'm not a gold member. I applied for it.
Nothing new 😂😂😂
Why would anyone trust this guy after GameStop fiasco?
The gold is such a gimmick lol most of y’all pay with mobile pay apps like Apple Pay, Google Pay, Samsung Pay, etc so nobody will even notice 😅
How do banks make money on credit cards? Buy putting poor people on lock down at 30% interest rates on sub $1000 credit limits. I can assure you, poor people don't have a RobinHood brokerage account.
If it sounds too good to be true it probably is. There’s nothing special about their brokerage platform. Their customer service is very poor. He is just a good salesman. Just do your homework. The devil is in the details.
They are better than some banks now. More than just stock trading.
I signed up for Robinhood Gold recently. Transferred an old Roth account and got a $4,300 bonus
😂😂😂😂everyone trusts you Vlad.. “build a world that is better for everyone” (me)😂😂😂🤡🤡🤡🤡🤡🤡🤡
There’s no forgetting how they screwed their customers with GameStop . I’m never going back to robinhood.
I bet you eat McDonald’s and I bet you bank in America a country built on slavery if that GameStop thing is where you put a fork in the road your lost 😂
I’ll stick to fidelity. But thank you for offering
😂😂😂 losing money
Does fidelity offer 3% cash back?
@@DeezNuts-pq9rbNo, it Fidelity doesn’t. They (through an intermediary) offer 2%. Still quite solid, and I’ve stuck with it for most of my spending. This has me considering. I happen to spend a lot (big family and work), but also don’t carry a balance. No one that I am aware of would offer better than this. This only question I have is-do I trust the company enough. I haven’t looked closely at the Gold membership requirements.
@@FelipedoMundo Fidelity has NEVER disabled the Buy button! Robinhood has a long road to hoe!
@@southrichmondtofl Robinhood has wayyyyy more retailers than fidelity ever had, which means more people were playing meme stocks. Robinhood is a much smaller company so it makes sense why fidelity didn't disable the buy button and robinhood did.
All assets at robinhood?? Shiney new tool to lure people in... Cmon man!!! Don't get fooled
I am not sure if I’d trust Robinhood after the AMC incident a few years ago…
they also renegged on their banking APR
Didn’t Schawb and fidelity do the same?
So funny they glazed right over his 24 hour market comment. Boomer old regime hahaha
He is lieying he has blocked my account for three years and is still being blocked
I was debating getting this until I saw comments about customer no service
Why do I hate Vlad so much just looking at him and hear him talk
Sounds terrifying.
He gives me the future jaily feeling
It's all about story😂
Dude is a scam, he pulls the plug.
Put Solana back on listing.
Trash
back when he's a little boy
Robinhood changed my life.... sitting at 26% return....fun to invest in companies.
Yeah no thanks
Vlad
Bubble tops.
More money changers using credit cards to expand their vigorish
No requirements.. LOL
Shoutout robinhood
Let AMC & GME runn 😂
Usury
...my cash back visa is 3.5% on many purchases (gas, groceries) and 1.5% on all else.
My cash back Mastercard is 3% on dining (restaurants/fast food), home renovations, and furniture.
Very cool 🎉