Robinhood Gold 2019 Update Explained In 5 Minutes | Summary and Q&A

TL;DR

Robinhood has made several updates to its Robinhood Gold subscription, including lowering the monthly fee to $5, reducing the margin buying power, introducing Morningstar resources, and planning to release Level 2 data.

Key Insights

• 💳 Robinhood has made changes to its Robinhood Gold subscription to make it more accessible and affordable for traders.
• 💁 Integrating Morningstar resources provides users with credible news and information for their investment decisions.
• 🎚️ The introduction of Level 2 data will give traders better insights into market trends and potential trading opportunities.
• 🖤 Customer support is an area that Robinhood needs to improve on, as many users have experienced issues and lack sufficient assistance.
• 👏 Despite its limitations, Robinhood's simple and user-friendly interface has been praised by many.
• 👶 The updates aim to provide more value and resources for Robinhood users, particularly those who are new to investing.
• 🐕‍🦺 The partnership with Morningstar demonstrates Robinhood's commitment to enhancing its services and credibility.

Transcript

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Questions & Answers

Q: What updates have been made to Robinhood Gold in 2019?

The updates include lowering the monthly subscription fee to $5, reducing margin buying power to $1,000, introducing Morningstar resources, and planning to release Level 2 data.

Q: Why did Robinhood lower the subscription fee?

Robinhood aims to attract more users by making the platform more affordable and generate more revenue through subscriptions.

Q: What is the benefit of integrating Morningstar resources?

Morningstar resources provide credible news and information to help Robinhood users make informed investment decisions.

Q: What is Level 2 data and why is it important?

Level 2 data shows where people are buying and selling within the app, allowing traders to make more informed decisions on when and where to buy or sell stocks.

Summary & Key Takeaways

• Robinhood has decreased the monthly subscription fee for Robinhood Gold from $10 to $5, aiming to make it more accessible to traders.

• The margin buying power has been cut to $1,000, with a minimum balance requirement of $2,000 in the Robinhood account.

• Morningstar resources have been integrated into the app, providing news and information for potential investments.

• Robinhood plans to release Level 2 data, allowing users to see where people are buying and selling within the app.