Top products from r/RobinHood

We found 27 product mentions on r/RobinHood. We ranked the 23 resulting products by number of redditors who mentioned them. Here are the top 20.

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Top comments that mention products on r/RobinHood:

u/RorySykes · 2 pointsr/RobinHood

The AMA with Christine Hall, Project Manager for Clearing by Robinhood has officially concluded.

Questions and Answers

|In the blogpost you guys mentioned that the new system would allow rolling out new features and products easier. Do you plan on adding products such as futures or forex, or even bonds in the future?|I unfortunately can’t share our exciting product roadmap publicly (which is actually realllly hard because there are so many cool things in the works for you guys), but stay tuned...|
|Me again... :) When it was announced, it was asked how this would effect taxes and other docs. Am I correct in saying we'll have two sets of 1099 data when tax time arrives? One for trades cleared by Apex and another for Robinhood Clearing?|Yes, you will get two sets of 1099 data during tax season next spring. However, we’re working on making sure all of it is auto-importable for common tax filing services so you don’t have too much manual work to handle each one individually.|
|Can robinhood please put in a realized gains and loss? Making free trades makes it difficult to track how much I have to pay in taxes.|I’ve heard this suggestion a few times on this sub! Currently we use FIFO for how we handle cost basis lots. I’d be curious to hear what your preference is in this sort of feature. Would you want to be able to set your strategy overall, per trade, per security, etc? What could we provide in-app to make it easier for you to track?|
|What was the largest difficulty with setting up the clearing house? What opportunities does Robinhood running their own clearing house open up?|There were really two separate sets of challenges—the first was regulatory: getting approval from FINRA, the DTCC and OCC is an intricate process and it was personally really interesting being involved in seeing how a broker dealer gets created. From there, an entire operations team had to be stood up, an effort led by Chuck Tennant (he’s been in the clearing world for a while), and he brought on an amazing team of individuals to own the business. The second challenge was engineering: the industry standard when you go self-clearing is to rent a system, so the engineering work of actually integrating with tech that has its origins in the 1960s (hello finance industry) has no blueprint, no industry experts, no tech talks at engineering conferences. On top of that, most folks on the technical team didn’t have a deep background in finance, let alone clearing (myself included. The first time I actually placed a trade independently was when I was interviewing for this job!). Building the subject matter expertise, integrating with decades-old systems… all of it was deeply challenging but equally as rewarding.|
|The biggest complaint here [in r/RobinHood] was how long issues took to be resolved. A lot of these were accounting and other mistakes from Apex so doing away with them will already speed things up... but is the support staff already using the new system or being trained to?|Most folks internally have accounts that are cleared through Robinhood and our support and brokerage teams are already using the new set of tools we’ve built for those accounts! Fun fact—we call this tool “Major Oak” which was Robin Hood’s hideout in Sherwood Forest.|
|Also, will you wish me a happy cake day and bless my holdings to always be green?|Happy cake day, Stu!|
|Okay, a question that shouldn't annoy compliance officers too much: What's your background? Nearly all the RH employees I've spoken to or read interviews with are coming into the financial industry with fresh eyes which has been an asset itself but were you familiar with the legal hurdles of creating a clearing firm before you were brought on board?|You’ve found another set of fresh eyes :) Before Robinhood, I was at Google for several years in the ads space, and then at Udacity for a while trying to make education a bit more equitable in the world. Somewhere in the middle of those, I found a bit of time to go back to school and get my masters in computer science, and fell in love with solving deep technical problems. Really when it comes to joining the Robinhood team, we typically look for folks who are incredibly high growth, who can dive into new domains with little fear of the unknown and cats who seek new challenges. Luckily, the folks interviewing me saw some of that and I spent the first month or two really just learning about the clearing industry and immersing myself in specs, conversations, and DTCC-powerpoint lectures. If there’s anyone out there interested in learning about the ins-and-outs of clearing, I highly highly recommend this book.|
|Quick question: how does an average Joe obtain some Robinhood swag?|Shucks, turns out you actually need to be named Joe. Weird policy, I know... I unfortunately don’t make the rules, Dan.|
|Hi Christine, Can you help me rewind my account balance to how it was before GE announced their new CEO. I lost 4K on puts that week because I’m stupid. I promise I won’t make the same mistake again. -A poor college student|Oh man, if I had the powers to do this I might use them for my own selfish gains—aka rewinding to last month before I realized Bob’s Burgers was bingeable online and preventing myself from pretty much working from my couch every evening since then. Alas, no rewind powers. If you need a list of shows to shut down your social life though, I’ve got you.|
|Quite an achievement to you and your team Christine, I’m excited to see where Robinhood expands to from here. What was the toughest engineering challenge your team faced in developing your own internal clearing system? What was the toughest regulatory piece? Why was the team based out of Florida? Any chance Robinhood develops some internal educational pieces for those new to investing in the equities markets? A wiki or help section that explains the tax implications for those new to the markets. I see a large section of your user base being young and fairly green when it comes to these topics and are left to their own devices when it comes to figuring these things out. Any chance of an internal clearing system allowing for a DRIP feature in the near future? RH’s sole critique has been slippage historically speaking. Does having your own clearing house alleviate that? I’d imagine educated users have always utilized limit orders to mitigate this but curious to hear your teams’ thoughts on this issue. Thanks and hopefully you guys weren’t impacted too much by last week’s recent hurricane!|Whew, lots of questions there. I’ll tackle one of them and come back later to see if I can hit the rest. What was the toughest engineering challenge? The sheer scope of work was really intimidating at first—having to build everything from accounting, ACH, clearing, settlement, purchase and sales, corporate actions processing, symbology, security master, stock records, etc. AND understanding how they all fit together seemed like a problem we could have spent a year or more simply architecting without writing a line of code. But once we got over that hurdle, some of the accomplishments of the engineering team in terms of actual applications have been truly impressive to see. Processing corporate actions, for example, is one area where doing it well can lead to seamless, amazing customer experience. And if we got it wrong...well, nobody—the firm or our users—would come out happy. What’s difficult about corporate actions however is that the data we get is mostly unstructured and input manually, so building a robust process for decoding and understanding them from a systems perspective is especially difficult. Two engineers really owned all of that and built something that truly feels magical (they’re actually putting together a blog about the work that they’ve done, which I can link once it comes out!). I guess that’s my long-winded way of saying that I’ve been lucky to work with some of the most crazy talented individuals in the past two years, and I’m honored to be the person sharing the news about the team’s accomplishments to the world. But none of this news—and the next set of features we’re building on top of our clearing firm—would be possible without them.|


u/Generalj10 · 1 pointr/RobinHood

The mortgage business is pretty complex (due to both its size and the number of regulatory hurdles), but here's a really rough overview of the business, how mortgage servicing rights (MSRs) fit into the picture, and how NRZ operates in the industry.

  1. When a borrower needs a mortgage in the US they usually go to a mortgage broker or banker who will quote a rate when the potential customer applies. That rate will typically be locked in for 45-90 days after application, so there's a fair spread built into the quote to protect the broker. There's a great Canadian podcast called I Love Mortgage Brokering (cringe) if you want to learn more about this.
  2. Mortgages are then pooled into a special purpose legal entity that can issue shares. These shares can then be sold to investors who will participate in the cash flows from the underlying mortgage loans (hundreds of them). Maintaining the operations of this entity isn't free, so some % of the cash flow is paid out to the entities that allow it to function, those are typically insurers, servicers, trustees, etc. GSEs (FNMA, FHLMC, and GNMA) will guarantee pools of loans that meet their various requirements, effectively subsidizing homebuyers' loans at the expense of taxpayers (hooray for us renters!).
  3. Servicers make money in the following ways:
  4. Servicing fees - (weighted ave. coupon - pool's investor yield - GSE guarantee fee) = servicing revenue
  5. Interest float - Servicers have custody of borrower's payments for a while before they need to remit those payments to investors in the pool they're servicing. They can invest those assets and make money during the ~15 days they have custody of a payment.
  6. Ancillary income - Essentially fee income. (i.e., late fees, prepayment fees, insurance and other cross-sold products)

    The reason people say that MSRs perform well when interest rates are rising is that prepayment rates decline when interest rates rise. Servicers make more money they longer their portfolio stays active, so when refi rates are low MSRs on existing loans are worth more.

    New Residential Investment Corp:

  7. Subsidiary of Fortress Investment Group, a large and well capitalized asset management group that Softbank just announced they are purchasing for $3.3 billion. As a very strong performer within FIG, NRZ has next to no risk of being cut and will likely have access to a great deal of new capital.
  8. They quadrupled notional aum this year and are actively looking for more expansion opportunities. Most recently they purchased $91 billion notional of servicing rights on agency mortgages from citigroup. (There was another recent large purchase too, but I can't remember the details.) Normally that rate of growth would be cause for some concern, as it's fairly difficult to ramp up compliance programs that quickly, but NRZ shouldn't have that issue due to their access to Fortress's back office infrastructure.
  9. They contract out servicing to companies called sub-servicers that handle the payment processing, record keeping, and call center stuff for them for a flat fee. This means that they are essentially taking a spread that pays out over time, with longer repayment outcomes favoring the MSR holder.
  10. Basel 3 is in the process of forcing banks out of the servicing industry due the new risk weighting given to the asset. summary slide deck This basically means a reduction in competition and a big opportunity for expanding market share, which they have clearly done aggresively thus far and, given the above, are incredibly well positioned to continue doing.

    Now, all that said, the servicing industry is, overall, a complete and utter shit show. While NRZ is definitely the best from a capital adequacy and large-scale strategic perspective, the servicing business is still run as it was in the 90's, and it was poor by anyone's standards even then. Operations are a mess, and compliance failures abound. Very few organizations care very much about their servicing departments, just read a few pages about Ocwen's trouble with the CFPB, NYDFS, and California's state regulators and you'll see what I mean. Hopefully NRZ has done a good job selecting their sub servicers, but even if they've done an average job they should come out on top given their other advantages.

    Grain of salt: I've read a fair number of books on the subject as a hobby, but I've never worked in the field. This book in particular has a solid chapter on servicing.

    Aside: bitcoin's a better purchase than all this fiat shit.
u/Ragepower529 · 1 pointr/RobinHood

You still have 6 trading days left before it worthless but do yourself a favor and just buy a book here's a good one
Understanding Options 2E

It's definitely worth the 17$ most people will meme on calls that will never work

And options are really profitable

This book is okay it's nice to review them and look here you can get some really good spreads and how to set them up The Options Playbook, Expanded 2nd...

Like I have 5000$ worth of Tesla debit spread that if Tesla is below 290$ on next Friday it'll make me 15,000$

Right now I can close it for around 1k profit

u/Secret_Work_Account · 2 pointsr/RobinHood

I'd love to hear the books you recommend. Over the past year I've become VERY interested in Dividend Growth Investing and use my RH account for just that. I don't plan on selling any shares, only adding to my portfolio.

I read Single Best Investment and Ultimate Dividend Playbook. But any other books/sites/resources would be great!

u/RobinhoodTeam · 4 pointsr/RobinHood

You’ve found another set of fresh eyes :) Before Robinhood, I was at Google for several years in the ads space, and then at Udacity for a while trying to make education a bit more equitable in the world. Somewhere in the middle of those, I found a bit of time to go back to school and get my masters in computer science, and fell in love with solving deep technical problems.

Really when it comes to joining the Robinhood team, we typically look for folks who are incredibly high growth, who can dive into new domains with little fear of the unknown and cats who seek new challenges. Luckily, the folks interviewing me saw some of that and I spent the first month or two really just learning about the clearing industry and immersing myself in specs, conversations, and DTCC-powerpoint lectures. If there’s anyone out there interested in learning about the ins-and-outs of clearing, I highly highly recommend this book.

u/oraclek76 · 2 pointsr/RobinHood

Read this 16 pages of free and great information from William Bernstein.

Also this book was fantastic!


Learn about Index funds :)

u/playback0wnz · 2 pointsr/RobinHood

Good luck! But, I highly recommend this book. If you know 0 about investing in stocks and the market. - Thank me later! great book down to the roots

u/bobwilly13 · 1 pointr/RobinHood

Listen bro, people are going to tell you to stay away from penny stocks because they don't understand the nature. People only lose money because they don't understand the nature of penny stocks, which is fine, they aren't for everyone. I absolutely do NOT recommend diversifying your small portfolio as you will likely just pick a ton of poorly valued stocks and lose on 90% of your investments.

If you're serious about learning how to grow a tiny account, I have just released a dirt cheap Ebook that details how to take $100 on free commissions brokers and grow it tenfold in a short time. In the book I'll explain why you want to stay away from holding penny stocks and trade them with the popularity wave in order to get the best profit results. If you decide you want to give my book a try then feel free to click to Amazon below. I'm also here to answer any of your newbie related questions.

My Ebook

u/MarkDMill · 1 pointr/RobinHood

Pay off your loans, then build an emergency fund, and only then invest. If market declines (which it will one day), you'll be in a horrendous financial position, with debt bills that must be paid but funds that are losing their value.

Your loan interest rate may be 4.4% and the average market may be a higher rate than that, but those mathematical numbers do NOT take risk into account. If you account for that, mathematically, you're better off to take the guarantee return of paying off the loans sooner rather than later.

My advice: Get on a ridiculously aggressive plan to pay off the loans in 2-3 years. What you save on interest & risk will yield greater returns than taking a risk in the market.

Would highly recommend this book for help--it changed my life and will hopefully prevent you from making the same mistakes I did:

u/PrecariousClicker · 1 pointr/RobinHood

I'm generally not a fan of ARKQ. Its actively managed has a high expense ratio @ 0.75%. Category average is 0.54.

While that doesn't sound like a lot - it will add up over time (compunded interest) and it will be a lot.

Should check the others as well for high expense ratios.

You wanna aim for something low (so avoid actively managed funds.)

or example VOO is great - only 0.04% (category average of 0.40%).

Especially since this is long term. These numbers make a huge difference.


u/3ntidin3 · 3 pointsr/RobinHood

Here's a book on stock market investing for newbies that I thought was really great:

u/km0010 · -1 pointsr/RobinHood

Currency position that's not hedging anything.

1 year is short for stock investing. The returns over this period are mostly unpredictable. Momentum works at this frequency, but that's a trading technique strictly relying on the return signal with nothing to do with the company's financials or business.

This portfolio doesn't make sense from a modern portfolio theory point of view. So, maybe the owner is making concentrated high-conviction purchases? But, then they're asking if they should 'sell it all'. Must be speculation. (Plus, seems like most everything here is speculation.)

(Only joined a year ago. We don't know how long the positions have been held. I assume not too long.)

I didn't give a tip. Here:

u/BigBucksGentleman · 1 pointr/RobinHood

That is correct. The more you push that short strike out, the closer the spread will synthetically be a naked call.


Only a charlatan would charge you for knowledge that is already out there (most for free). I learned initially reading this. Natenberg just gave a fantastic talk you can find here about the basics of market making/options trading. After that, just head over to /r/options.

u/Athabascad · 3 pointsr/RobinHood

Schwab has some etfs with even lower ratios but since the assets under management (AUM) of these ETFS is significantly lower on them I use the above. If you care to check though the equivalents of the above would be:

SCHX - US Large Cap Blend - 0.03%

SCHM - US Mid Cap Blend - 0.05%

SCHA - US Small Cap Blend - 0.05%

SCHE - Foreign Emerging - 0.13%

SCHF - Foreign Developed - 0.06%

SCHZ - Total Bond Market - 0.04%

also check out

and read this

also read this

u/sonicmerlin · 3 pointsr/RobinHood

The suggestions here aren’t very specific or helpful are they?

Start with the “for Dummies” series of books. Specifically stock investing:

I have no idea why that link is so long.

u/888-288-4762 · 3 pointsr/RobinHood

Yes you can, but Why settle for a tshirt when you can have MORE?