11-24-2022, 03:54 AM
Is Robinhood Gold 3.75% safe and legit
<!-- SC_OFF --><div class="md"><p>Hearing of FTX and others filing for bankruptcy , I’m very intrigued by Robinhoods offer of 3.75% high yield but also a little apprehensive. My plan is to keep between 100-200k there earning the 3.75% and invest some weekly into the market (I prefer dollar cost avging for peace of mind) but earning 3.75% on the cash seems really enticing. Is it 100% legitimate, safe, bulletproof ? I’ve heard folks in the past say not to keep large sums of money in Robinhood and it’s more for small time investors. Would love the thoughts of the community here. Right now the cash is in capital one and earning 3%. 3% is cool but know what’s Even cooler ? 3.75</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bambambigelowww"> /u/bambambigelowww </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/z2sm5j/is_robinhood_gold_375_safe_and_legit/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/z2sm5j/is_robinhood_gold_375_safe_and_legit/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Hearing of FTX and others filing for bankruptcy , I’m very intrigued by Robinhoods offer of 3.75% high yield but also a little apprehensive. My plan is to keep between 100-200k there earning the 3.75% and invest some weekly into the market (I prefer dollar cost avging for peace of mind) but earning 3.75% on the cash seems really enticing. Is it 100% legitimate, safe, bulletproof ? I’ve heard folks in the past say not to keep large sums of money in Robinhood and it’s more for small time investors. Would love the thoughts of the community here. Right now the cash is in capital one and earning 3%. 3% is cool but know what’s Even cooler ? 3.75</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bambambigelowww"> /u/bambambigelowww </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/z2sm5j/is_robinhood_gold_375_safe_and_legit/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/z2sm5j/is_robinhood_gold_375_safe_and_legit/">[comments]</a></span>