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Robinhood Gold
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Hey guys. So was just invited to join Robinhood gold. Now i thought that they allow you more buying power as u deposit the money not the other way around. Im gonna call them. And cancel it for the simple fact that now I have 2000 buying power... Does that mean they're gonna take 2grand from my bank? Im in college and i usually put money little. By little.. What i can afford. Its nice but tempting and i know i could probably control myself but i feel like it doesnt seperate it anymore. (your money and the "borrowed" amount. Any thoughts???

Also everyone has always told me to setup an emergency fund. Is it okay that instead of putting the money in a bank.. I choose to invest it.. And if i need It someday then I'll Just cash out... Whatbdo u guys think... Is it risky? I mean if I put it into "good" stocks is there a chance i might loose it all as opposed to a bank?

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Posted
7 years ago