Robinhood

Not all brokers will allow the right access.

Robinhood, I can tell you right now, although it's popular, they do not.

But I do believe Schwab does.

And Fidelity may.

Webull just added one new incredible investment feature that puts it one step closer to competing with brokerages like M1 Finance, Robinhood.

But now that investors with a lot more money are going to start to pour into their platform, the bigger question on my mind is, can we really trust them with a lot of money? And that's just my luck too, because I just made an M1 Finance Roth IRA account, and then Webull decides to enter the chat and make one on their platform as well.

Do you guys ever watch Dumb and Dumber? Because this is how I feel right now.

Webull is heavily regulated by FINRA, which is extremely strict, and we're also covered and protected as investors under SIPC insurance.

Now, this covers us as investors up to half a million dollars of cash and stock, of which up to $250,000 of that money can be recovered in cash.

They also use the Apex Clearinghouse, which is extremely reputable, and it's the same one that Robinhood used to use for many years before they switched to their own clearinghouse.

Now, of course, if we do go through this claim process to get our stocks back in case Webull disappears and goes to China, it is going to take us between one to three months, sometimes even longer depending on the process, to recover our stuff back.

But it is good to know that if the worst was to happen, we will eventually get our money back because we're insured.

One is, let's say you can actually from near.com or actually from any other wallet use and send money to PayPal account.

right through near intense this is already works right and we're launching few other partnerships as well uh and actually like it's it's you know it's in a way permissionless because as soon as they support any blockchain now they're part of near intense uh right so and and they actually work same you know like Yeah, Robinhood.

So we just launched Robinhood chain.

And now you can actually move around with this.

So overall, effectively, as soon as they're on any chain, they effectively are part of this chain abstracted experience that we're providing.

One of the more controversial being Andrew Tate, who has fully thrown his weight behind the position, even changing his ex bio to now read by GameStop and The Matrix, a bunch of other popular X accounts have likewise been going full speed ahead trying to promote this rally.

And even Vlad Tenev, the CEO of Robinhood, has made posts referencing Keith Gill's return.

And with us seeing this deja vu around meme stock rallies, a bunch of people promoting it, and influencers really tying themselves to the movement, I have once again been summoned to strike a more cautious tone.

And to be clear, none of this is to recommend a buy or sell for the position.

With the stock experiencing a level of volume, or how often the stock actually trades hands, not really seen since the initial rally in early 2021.

In fact, there was so much volatility for the stock price, it actually prompted exchanges to halt trading on the position a number of times on both Monday and Tuesday, with GameStop specifically being halted nine times in just over an hour on Monday.

With even a number of brokers appearing to have outages when clients were trying to purchase GameStop with E-Trade and Robinhood specifically coming up as examples where some clients were experiencing troubles and even computer share, which is a common platform or service rather for direct registration experiencing an outage on Monday.

With some did view as awfully suspicious given with the last GameStop rally, all the allegations around Robinhood colluding with hedge funds to effectively freeze buying on GameStop in late January of 2021.

It tells me all of my schedules, all of my dividends and everything I need to know.

And I'm getting the same stock market data provider as the ones that Robinhood and all these other major brokerages are using as well.

So for example, I know that out of that $437, I know that 20% of it is coming from the real estate sector and another 15.8% is coming from the consumer staples industry.

And if you guys are not familiar with what that is, that's an industry where it's always going to have similar and or growing demand based upon the population.

Now, usually early in the video, I try to find a reason to flash my dividend portfolio at you so as to establish my credibility and manhood.

So naturally, this is my Robinhood dividend growth portfolio right here worth roughly $200,000 and paying me almost $600 every single month passively to just sleep and do nothing.

Yes, I am very insecure.

So please smash the like button and help me grow my self-esteem faster than the growth of Tesla stock.

It was like costing like seven bucks a day.

So I'm like, you know what? I'm already wasting the money, right? So I put $7 a day and I use Robinhood for this one, but I put in $7 a day.

And then I started off just buying leverage fronts, so 2x or 3x leverage.

So the names I stay around is like BITX, which is leveraged Bitcoin, TQQQ.

Hashtag GTA 6, you know, like.

The stock has a 94% buy rate on Robinhood.

So like, you're not giving people bad advice.

No, no, no.

And I specifically the 401k because I.

Or maybe a new one, if you're setting up an investment account online, like a Robinhood or whatever, you're probably not even thinking beneficiary.

So again, I just want to open the account and I just want to start contributing or whatever.

And specifically with the 401k, you're working through HR.