Robinhood vs Etrade - What You Need to Know!

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  • Опубліковано 15 жов 2024

КОМЕНТАРІ • 162

  • @a.d.b535
    @a.d.b535 3 роки тому +44

    Now we know one thing ... Robinhood is not the average guy's friend. It favors the hedge funds.

    • @theguyinblue123
      @theguyinblue123 3 роки тому +1

      Yup I'm out

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому +3

      RT

    • @joshuashelly5803
      @joshuashelly5803 3 роки тому +2

      Switching to E*TRADE now. Love the video.

    • @akin242002
      @akin242002 Рік тому

      @@joshuashelly5803 Good choice. E*Trade now allows automatic investing into fractional shares of ETFs. However, it is the top 100 popular ETFs with a $25 minimum.

  • @PierceJPeterson
    @PierceJPeterson 4 роки тому +12

    This video is so well edited! Nice comparison my dude!

  • @johnathansawyer8736
    @johnathansawyer8736 3 роки тому +14

    Really appreciate this video. It's straight to the point. Yesterday got me interested in the stock market and I'm clueless. This helped!

  • @JGGarcia-kh8uq
    @JGGarcia-kh8uq Рік тому

    Just what I've been looking for, I know this video is old but hey! Still helped me, Thanks!

  • @boomn216
    @boomn216 3 роки тому +7

    E Trade does everything including Fidelity funds. Robinhood has a lot of not supported stocks but does have fractional shares.

    • @peterlin2176
      @peterlin2176 2 роки тому

      At least Robinhood's website works, Etrade glitches, refuse to let you transfer for no reason, and you can't log back in if you delete your cookies.

  • @BrendanEvan
    @BrendanEvan 4 роки тому +13

    Lots of good options out there nowadays! Definitely looking at other brokers besides Robinhood these days.

    • @joeywakeman3098
      @joeywakeman3098  4 роки тому +1

      For sure! They’ve been having a lot of problems, thanks for watching!

  • @johntiessen
    @johntiessen 3 роки тому +8

    E-Trade won't pull a GameStop on you like Robinhood did. Robinhood doesn't have the power ether or capital. E-Trade is just safer for your hard earned money I think.

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому

      Big plus with big brokerages is bigger liquidity. Thanks for watching!

  • @EricaZetterquist
    @EricaZetterquist 4 роки тому +5

    started using robinhood about a month ago, wish i would have found your channel sooner!!

  • @empoweredpersonalgrowthboo3787
    @empoweredpersonalgrowthboo3787 4 роки тому +6

    Great to hear perspective on different platforms. Thanks mate!

  • @simonsaythis
    @simonsaythis 3 роки тому +2

    Which is better for long term buying such as buying stocks with dividends? Thanks

  • @akin242002
    @akin242002 4 роки тому +3

    You and Andrei Jekh have the best video editing on youtube.

    • @joeywakeman3098
      @joeywakeman3098  4 роки тому +2

      Hahah thanks! Andrei inspired me to get better at editing, thanks for watching!

  • @RideTheFuture
    @RideTheFuture 3 роки тому +1

    Great video - nice and clear and easy to understand! One note for your end screen: It covers important information you are giving at the very end. You could just edit the end screen and move the left video further to the left and it'll be fixed. I recommend (and make this choice with all my current vids on my channel: I leave 6 seconds of black at the end for the sole purpose of the end screen.
    Keep up the helpful and great work!

  • @ilc-nl3yy
    @ilc-nl3yy 7 місяців тому

    I'm considering transferring my Etrade account to Robinhood because RH offers crypto and I can buy fractional shares. Is this a good idea? I'm not much of a big trader, so I assume it would be good to change.

  • @ilikedogs3385
    @ilikedogs3385 3 роки тому +4

    Good vid! I was considering switching to e trade but I like buying fractional shares so that kind of ruins it.

  • @aitornavarro6597
    @aitornavarro6597 3 роки тому +4

    I have Etrade for individual stocks, options and short-term trading and Fidelity for Roth IRA and HSA. Vanguard with employer 401k.

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому

      That’s a good combo!

    • @akin242002
      @akin242002 3 роки тому

      Fidelity for Roth IRA and E*trade for Options is a nice combo!

  • @nmak4311
    @nmak4311 3 роки тому

    Thank you for being so detailed and your explanation nice and slow not speake too fast. Great job 👍👍👍👍👍👍❤️❤️❤️❤️

  • @augustoliver2779
    @augustoliver2779 2 роки тому +2

    This video is good. Why don’t you have more subscribers?

  • @fayazgg_
    @fayazgg_ 3 роки тому +2

    Succinct and clear content. I also like the quality of the video and sound.

  • @ellaestaterealty
    @ellaestaterealty 4 роки тому +3

    Ouch that customer service rating haha emailing about customer service is the most so frustrating thing ever. I love robinhoods platform and so easy to understand for us noobies. Great video! Thank you for sharing.

  • @boating2strokenovice726
    @boating2strokenovice726 3 роки тому +1

    I'm with etrade and my commission fees are only $4.99 not $6.99. Plus you should point out that fees are deductions against capital gains tax so discussing the fees isn't a big deal if you make thousands of dollars in gains. The only benefit to robin hood is fractional share purchases.

  • @cirkuitshattter2249
    @cirkuitshattter2249 3 роки тому +2

    Good video I liked the editing

  • @yeseniaayala5119
    @yeseniaayala5119 3 роки тому

    I love your video. I'm looking for a app to trade commodities. Do you have suggestions. 😁

  • @Alphajay86
    @Alphajay86 3 роки тому +2

    Very well done, much appreciated.

  • @arianaparrish1238
    @arianaparrish1238 2 роки тому +1

    Random, your skin is flawless! - But thank you for this!

  • @amandamajor7340
    @amandamajor7340 3 роки тому

    Hey thanks! Super helpful!

  • @amastal1
    @amastal1 3 роки тому +15

    I love E*TRADE it’s just perfect for me no needed fraction shares

    • @Ray-ei2ro
      @Ray-ei2ro 3 роки тому +1

      ...difficulty just logging in to E Trade.

    • @LeePhan79
      @LeePhan79 3 роки тому +3

      Robinhood is great for poor beginners like me. I cant afford $60K per bitcoin like you so I have to do fractional.

    • @ethan.brossart3634
      @ethan.brossart3634 3 роки тому +1

      Same here I just don't like that I can't buy crypto

    • @kevinsanmateo4781
      @kevinsanmateo4781 3 роки тому +1

      @@LeePhan79 bro u can buy fractions of Bitcoin on any crypto exchange

  • @oliverlopez3312
    @oliverlopez3312 3 роки тому +2

    Fractional shares… I was looking for, and I realized that to late, I already opened an account with E trade😭😭

  • @jelenapalaic9883
    @jelenapalaic9883 3 роки тому +1

    hey, thank you for your video.

  • @succeedinfinance9344
    @succeedinfinance9344 4 роки тому +3

    Great review Joey! And nice, quality video. You won a new friend here. Will follow your channel with pleasure.

  • @MajidGhori
    @MajidGhori 3 роки тому +1

    Well explained. I appreciate your help.

  • @chuggie436
    @chuggie436 2 роки тому

    Thank you!

  • @AlexP-yb7gh
    @AlexP-yb7gh 3 роки тому +1

    this maybe a dumb question to ask but why not have both?

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому

      Very true, I've got multiple brokerage accounts

  • @andyliz1386
    @andyliz1386 2 роки тому

    I am new to this game. I bought some stocks, somehow I managed to sell them (still don't know how I did it) and the money appears as "Net Asset". However, it is not purchase money!!!. How do I convert the "asset money" into purchase money? Had I known how bad the etrade customer service is, I probably wouldn't start this game. Whenever I call them, I am being kept on the line fr 2 hrs and then lady tells me she will transfer me to broker who never picks the phone! Outrageous! Would someone help me with this guagmire, please?

  • @Lifers
    @Lifers 2 роки тому +1

    I just use both

  • @dillonalexander6689
    @dillonalexander6689 3 роки тому +1

    I just transferred my holdings from RH to Etrade and I didn't see any fees. Should I expect a charge after the transfer?

  • @millon951
    @millon951 3 роки тому

    What company would you suggest that allows fractional share buying with only having an itin to open your account.

  • @joeywakeman3098
    @joeywakeman3098  3 роки тому +3

    If you want to earn interest on your crypto like I do, sign up for BlockFi using my referral link, deposit $100+ and we'll each get up to $250 of free Bitcoin! blockfi.com/?ref=168dba84
    Get $10 of Bitcoin free with Coinbase when you buy $100+ of crypto - coinbase.com/join/wakema_rz?src=ios-link
    Get one free stock with Robinhood - join.robinhood.com/josephw3417

  • @jamu12
    @jamu12 3 роки тому +1

    What microphone are you using?

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому +1

      A Rode Video Micro, then Adobe Audition to edit. Thanks for watching!

  • @brynwest4495
    @brynwest4495 2 роки тому +1

    Interactive brokers is the way to go

  • @fififinance7469
    @fififinance7469 4 роки тому +4

    we dont have either of these platforms in the UK - but i think 212 is the closest with a lot of the features like fractional and pies...

    • @joeywakeman3098
      @joeywakeman3098  4 роки тому +2

      Fractional shares are amazing! Thanks for watching Fifi

  • @trees5452
    @trees5452 3 роки тому

    Any single Limit Buy / Sell Order types in E-Trade covering both Market & After Market hours ? ie, a single order type that will be placed / active from 7am to 8pm for 60 days ? Robinhood has such order types (extended hours). thank you for your response..

  • @hectorservin2308
    @hectorservin2308 3 роки тому +4

    Robinhood charges $75 whether it’s partial or full transfers

  • @ThinkMoneyBenny
    @ThinkMoneyBenny 4 роки тому +10

    Fidelity all the way✅
    and buy the dip! It’s a bloodbath out there today!🍎

    • @joeywakeman3098
      @joeywakeman3098  4 роки тому +4

      Haha I'll definitely make a video comparing robinhood and fidelity sometime in the future. I use both but for different reasons. Thanks for watching Benny!

  • @babylyngriffiths2850
    @babylyngriffiths2850 3 роки тому +1

    Hi Joey,
    I know you are getting a lot of emails dunno if you will see this.
    I just really want to inquire where can I install a trading app with
    ? I'm a non-US citizen here in dubai.
    I really really appreciate this. Godbless.
    Regards,
    Babylyn Frogoso

    • @joeywakeman3098
      @joeywakeman3098  3 роки тому

      Hi Babylyn, thanks for commenting but I’m not sure which apps you can use in Dubai. You might have to do some searching on Google to find out. Thanks for watching!

    • @joelcramel4871
      @joelcramel4871 3 роки тому

      Reach on chat

    • @joelcramel4871
      @joelcramel4871 3 роки тому

      Through whats app

    • @joelcramel4871
      @joelcramel4871 3 роки тому +1

      @@joeywakeman3098 +===4===4===7===8===2===8===4===8===1===9===7===1

    • @babylyngriffiths2850
      @babylyngriffiths2850 3 роки тому

      Joel Cramel hi

  • @jamemee8795
    @jamemee8795 4 роки тому +2

    I don't do business with close phone call like robinhood and vebull

    • @joeywakeman3098
      @joeywakeman3098  4 роки тому +1

      The lack of customer service is rough! Thanks for watching!

  • @jaym9846
    @jaym9846 2 роки тому +1

    1 or 2 hour long hold time to get Etrade customer service.
    Poor service after it was taken over by Morgan Stanley.

  • @danilomartinez1070
    @danilomartinez1070 3 роки тому +1

    How come they only let you do day trade up to 3 times in a 5 business days?

  • @MrLopaka99
    @MrLopaka99 9 місяців тому

    Real-time data cosr weren't mentioned

  • @dayanarasaldarriaga6437
    @dayanarasaldarriaga6437 3 роки тому +2

    Can you do a video of custodial stock accounts in e trade or any in general

  • @moneymindset7390
    @moneymindset7390 3 роки тому

    how do you edit your videos?

  • @supercrossrm27
    @supercrossrm27 3 роки тому

    Isn't etrade you have to deposit $500 within 2 months?

    • @akin242002
      @akin242002 3 роки тому +2

      Not anymore. They got ride of it to be competitive with other investing brokers.

  • @money58610
    @money58610 3 роки тому

    Can I buy otc stocks on E*TRADE for free ?

  • @olheghtt
    @olheghtt Рік тому

    3:40 forced to spend all on one stock... No way that can be right! No way, that has nothing to do with fractional shares.

  • @Ray-ei2ro
    @Ray-ei2ro 3 роки тому +1

    E Trade has software and customer service issues bigtime...be careful

    • @akin242002
      @akin242002 3 роки тому

      Especially customer service. Although if you get platinum status, the customer service is far better.

  • @strech8
    @strech8 3 роки тому +1

    Cool vid. Once i heard about the fees i chose robinhood

  • @nomvula573
    @nomvula573 2 роки тому +1

    U the best💥💥💥💥

  • @nolivesmatter6108
    @nolivesmatter6108 3 роки тому

    What about instant deposits?

    • @cryptowendyo6151
      @cryptowendyo6151 3 роки тому

      It has not been easy for me since I started investing in forex trading and E*trade I have work with many traders due some are good but the lose is greater than the gains but since my friend introduced me to Mr Charles forex trading i have never loss any trade now I really know that forex trading is really profitable and reliable..
      With the help of Mr Charles I no more bother about financial issues you can reach him on this .....

    • @cryptowendyo6151
      @cryptowendyo6151 3 роки тому

      Charlesclinton877@gmail.com. )

  • @jamemee8795
    @jamemee8795 4 роки тому +1

    nice video

  • @thelevelswithbronia-financ6304
    @thelevelswithbronia-financ6304 3 роки тому +1

    Yah hey security problems at robbin hood it a turn off.
    Like 83 let grow

  • @BTBLive
    @BTBLive 11 місяців тому

    Etrade has become terrible. Customer service and low sweep interest alone are reasons not to use this firm.

  • @abetteryou296
    @abetteryou296 3 роки тому +1

    I am switching over to E*TRADE. Robinhood execution has been so bad.

    • @cryptowendyo6151
      @cryptowendyo6151 3 роки тому

      It has not been easy for me since I started investing in forex trading and E*trade I have work with many traders due some are good but the lose is greater than the gains but since my friend introduced me to Mr Charles forex trading i have never loss any trade now I really know that forex trading is really profitable and reliable..
      With the help of Mr Charles I no more bother about financial issues you can reach him on this .....

    • @cryptowendyo6151
      @cryptowendyo6151 3 роки тому

      Charlesclinton877@gmail.com. )

  • @emphyrio
    @emphyrio 2 роки тому +2

    Etrade all day, great customer service, great app, minimal cost.

    • @joeywakeman3098
      @joeywakeman3098  2 роки тому

      Good points, thanks for watching!

    • @akin242002
      @akin242002 Рік тому

      Customer service with E*Trade is bad, minus Platinum status members. Also, slow deposit times (2-4 business days).
      Every other thing about E*Trade is very good. Good execution speed on option trades, frequent option trade discount, good charts, low expense ratio index mutual funds from Charles Schwab or Vanguard for IRAs, fractional shares for the top 100 ETFs, a variety of IRA accounts, a custodial account, and a high interest savings account.

  • @PhantomO01
    @PhantomO01 2 роки тому

    E*Trade, don’t look back

  • @chickendesi1014
    @chickendesi1014 3 роки тому +1

    OMG so many words I dont even understand >.

  • @riorosario1
    @riorosario1 8 місяців тому

    Robinhood makes you wait to cash out your money.

  • @mrme9517
    @mrme9517 2 роки тому +1

    Soon as robinthehood releases wallets I'm leaving that crap app

  • @AndyMc1952
    @AndyMc1952 3 роки тому

    They both rip you off big time

  • @idllyicallY_
    @idllyicallY_ 2 роки тому

    Great info thanks for sharing

  • @lipstick318
    @lipstick318 3 роки тому +1

    Thank you...