Robin Hood just came out with a new update just two days ago and I heard
about this just yesterday so let's just jump right into it and see what's
brand-new about this update so real quick my portfolio as you can see is up
to four thousand $19 that's I'm gonna save that for another day today is just
gonna be specifically about the new Robin Hood gold and their brand new
update but the four thousand dollar portfolio video will be coming out soon
and I'll let you guys know what I've done to get to that amount let's just
get straight into it if you guys are brand new to investing I don't recommend
you guys to try out Robin Hood gold basically Robin Hood gold you are
borrowing money that is not yours you're boring money from Robin Hood and you
have to pay interest on it and if you guys don't know how to invest or
anything like that you're most likely gonna lose money in the long run and if
you guys are trying to do penny trading with bard money that's not gonna work
out so I don't recommend it if you guys are brand new but if you have been
investing for about a year or so maybe even less than a year if you're if
you're not a really risky investor and if you do more swing trading instead of
day trading Robin Hood gold might be something worth it for you basically
this update they've revamped their Robin Hood gold program as you might call it
so I already switched over I switched over yesterday when I found out that
they did do this brand new update and I have to say that I'm really enjoying the
new update it's a lot cheaper than before before I was paying about $10 for
borrowing two thousand dollars and now I think I'm be I'll be paying like maybe
eight to nine dollars every month so with the new Robin Hood gold basically
you're paying a premium a five dollar premium minimum for some brand new
features such as a research instant transfers trading on margin and soon
you'll also be getting a level two trading so let's go through some of the
commonly asked questions so I can give you feedback on some of the answers so
already answered what is Robin Hood gold it's a premium feature from Robin Hood
if you try it out for your first 30 days you can get you can
for free how much does it cost it will cost $5 per month and you'll get all the
premium features and your first $1,000 will also be covered with that
five-dollar premium and if you're borrowing more money they'll charge you
an interest rate of 5% yearly and like I was saying before if you're brand-new to
investing in general you should not be trading with margin so you can actually
use Robin Hood gold without doing the margin trading and you can still use the
research feature the instant transfers feature and the level to trading level
to trading isn't accessible right now so that's still coming soon so now you have
the added benefit of turning off margin trading which is Robin Hood still
commission free trading so yes Robin Hood is still Commission free trading
you do not have to join the Robin Hood gold program to have the Commission free
trading that's already built into the platform how do I downgrade from Robin
Hood gold basically you just go into the settings and you can just turn it off
it's really easy just look around really quickly and I might show you that later
on in the video so now let's move on to the more important features of the new
Robin Hood gold premium program so this is the brand-new feature with the new
Robin Hood gold you have professional research from a specifically Morningstar
Morningstar is an independent investment research company they do research on
more of the popular stocks on Robin Hood so I'm gonna show you an example of some
of the professional research that Morningstar will offer so this is AT&T
one of my go-to stocks I'm buying this stock almost weekly right now is great
for dividends so if we look at the dividend yield
it's about 7% but I think it's right now is closer to 6% if we scroll down just a
little bit further you can see the research report and this is just a quick
snapshot of Morningstar's analysis just a quick headline we remain
skeptical of AT&T strategy but we like the wireless and media segments
Morningstar rating 4 out of 5 stars and this was updated about five days ago
economic moat is narrow basic basically economic moat refers to how much of a
business advantage or competitive advantage a certain scum pannier as over
every other company within that industry and the economic moat for AT&T is narrow
that means is a small competitive advantage compared to t-mobile Verizon I
think that's it when it comes to American telecommunications so when it
comes to fair value 18t fair value is thirty seven dollars and eighty auntie's
trading right now at 32 dollars and 16 cents so it's well below the fair value
mark you guys can take that for what it is and potentially even profit from that
when it comes to uncertainty and stewardship it also goes into full
details and full analysis all you have to do is read the full report I already
went through this yesterday it is very very detailed there is a lot of
information here like I'm just scrolling through here you guys can see that this
is pages and pages worth of data this information is most likely publicly
available but Robinhood makes it a lot easier for you to research and do
everything through the Robin Hood app which is a brilliant idea in my in my
opinion so now you guys can benefit from all that research Morningstar does you
can use this and even do your own research on top of this so how often do
the reports come out typically they come out when when earning calls come out or
some big news comes out from that certain stock or company and to access
all those reports all you have to do is just go into the stocks scroll down and
look for that gold stamp right next to the report so when it comes to instant
deposits so now you guys have more access to a bigger instant deposit
before the update my instant deposit was roughly around I think $1,000 and now
this up to my deposit up to $5,000 so this makes it really easy if you want to
buy certain stock right away instant deposit really helps so for every gold
user you have an instant deposit of 5000 and as your portfolio grows 10,000
25,000 50,000 you also reach that next level and so if you have a ten thousand
dollar portfolio value you can access to ten thousand and so on and so on so
margin investing you're borrowing money from Robin Hood to invest so this lets
you invest more money your money and also Robin Hood's money for more
potential gains and also more potential losses and I recommend you guys to have
enough money to pay it back before you even borrow it so so make
sure you have enough money in your emergency fund or savings to pay them
back if you're planning to borrow a lot of money because trading penny stocks is
very risky doing any type of investing is very risky and and there is a
potential to lose money when it comes to trading in the stock market how do I pay
for margins so that $5.00 for the Robin Hood gold you get $1,000 of margin
trading and anything you bar above that you're paying 5% yearly on that that
helped reduce my costs per month so anything you borrow over that $1,000
limit you'll be paying 5% yearly on that so with the new update you guys can turn
off margin if you're not comfortable trading on margin so to access your
margin settings in Robin Hood all you have to do is go into your portfolio tab
and go into settings Robin Hood gold and at the top you can see there's like a
toggle button that says margin investing on so you can disable your margin
investing by clicking that red prompt there all the way at the bottom that
says disable margin investing and you can even toggle your borrowing limit
here so let's say you want to set a borrowing limit of 3,000 you can see
that a borrowing limit now is that $3,000 so now you get a lot more control
when it comes to your margin investing so this is really great for beginners
make sure you set your limits before you start investing and lastly level to
market data this has not come out on Robin Hood yet but it is coming soon
according to them not sure when that is if they do this right this is really
going to take Robin Hood to the next level
so I'm gonna give you an example of what level 2 data looks like on another
application so I'm gonna log in to my buy Nantz and I'm going to show you what
it looks like on the by net app i think - does it very well this is my finance
app and i'm gonna go into the trade section here on the bottom so on the
right side you can see you can see the asking price and you can see the selling
price and also here on the bottom e on the bottom left you can see the spread
on the bids and the ask as well if Robin Hood does it I think it'll look
very similar to this so all this is just basically more tools to help you decide
when is the right time for you to sell or buy certain stock if you want to use
level 2 data you guys can we find that on other sites if you if
you're really into level 2 data and all this price action research and stuff you
guys can't download thinkorswim and make sure you're using a computer or a
desktop or a laptop screens is a lot bigger and this would be a lot easier to
read doing it on a mobile device screens too small
you guys might you guys might miss something especially on the charts
because it's the charge of so small to read this update seems very small but I
think this will really help out a lot of the brand new investors that are just
jumping into investing in stock market for the first time it'll be a lot easier
for them to get all that research from Morningstar instead of just like you
know not even doing any research at all I know a lot of beginners are just
copying my portfolio or anybody else's portfolio that they're they're just
watching on youtube I don't recommend anybody to do that I think it's better
to do your own research because everybody's different everybody has
different risk tolerance other than that limit increase that is uh that is a big
bonus especially if one of your stocks go on sale you guys want to have access
to all that money so you can buy that stock on sale and even swing trade or or
just keep it for the long term next is the margin trading I'm not too much of a
margin trader I think I'm at the moment I'm borrowing about two thousand dollars
and with that two thousand dollars I'm invested in dividend stocks and I used
dividend payouts to pay back that margin trading and I collect the difference
I'll link a video here so you guys can check that out if you're interested in
that strategy and I don't recommend that strategy especially if you don't have
any money to pay back that market trading if you do start to lose money on
your stocks and when it comes to level 2 data the more tools you have in your
belt is the better but I'm not too much of a day trader so I don't really see
too much advantage of that for myself so I hope you guys enjoyed that analysis of
the new Robinhood gold and their brand new update that they just released a few
days ago my name is Bruce Wayne again if you guys enjoyed the video don't forget
to leave me a like subscribe for more content just like this I come out with
at least three videos every week my subscriber base is growing very large so
welcome to all the new subscribers and hit that Bell icon to join a
notification squad and I'll see you guys in another video bye