Ah thanks, that’s helpful. I can do that on the web too.
I still don’t see a way to track those metrics for a specific holding, say just my VOO returns over 1D, 1W… I see how to track the returns of VOO as a fund over those periods, and I see my daily returns and all-time returns for VOO, but I can’t track what my VOO holdings have returned over the past 12MTD. I can only see how my IRA has changed 12MTD and the all-time returns of my holdings.
Overall I give Robinhood’s UI maybe a 4/10. As of now I’ll definitely switch back to Vanguard after the clawback period.
I’m coming from Fidelity, which is really clunky on both the web and on mobile. RH does some things well, but yeah, if you want data/metrics they don’t do that well. It’s more of a ‘gamified’ type of platform. I’d give the UI a 6/10. Oh, for some reason transferring money isn’t intuitive for me.
It definitely feels optimized to give you the minimal sense of information to feel “informed” but also conceals information enough to hide your losses somewhat.
Sure, if I could see my crypto’s YTD and MTD they’d all be red, but my daily is green, and my all-time from when I started putting money in crypto 6 years ago is still in the green, so I’m making smart investments!
Very gamified, app-ified. Feels designed to make you want to gamble.
I feel like you really need to use a spreadsheet if you want meaningful detail in tracking performance but I feel that Robinhood gives me what I really need. From my point of view I feel like Robinhood is much better than Vanguard. I felt like Vanguard has really gone too far with an anti-trading stance and my experience was that short- and medium-term performance was really masked. Now I have been away from the Vanguard platform for almost a year so that information may be out of date.
Oh, I feel Vanguard is quite transparent. Log in, Performance is a large button right at the front top. Clicking on it I can see YTD, 1-yr, 3-yr, 5-yr, 10-yr, or a Custom range of my performance for the portfolio as a whole or for specified holdings. Below that is a chart showing my total net contributions/withdrawals vs. total balance including growth over any time period I choose.
Below that is a monthly table showing my beginning balance, deposits/withdrawals, market gain/loss, income returns, personal investment returns, cumulative returns (all-time or your specified range), and ending balance.
Robinhood is more, “Here’s your performance today, here’s your all-time gain. We’ll graph how your total balance changed over a range of time. No, you aren’t allowed to know how much income you made last month.”
Shewwwwww RH really doing a great job getting me to transfer money in
I’m going to transfer in the last of my outside brokerage bucks
Only things outside of RH now are HSA, 529, and old work 401ks. I don’t foresee them entering these markets anytime soon but if they keep offering 2-3% transfer bonuses - they should be able to vacuum up market share
Robinhood is currently matching brokerage transfers at 2%. I’m tempted, but honestly I thoroughly dislike the gamified and low-transparency UI of Robinhood, so I might not for that reason alone.
For the bulk of my Roth IRA, I can park it over there for 5 years and maybe look at it once during that time for possible rebalancing, then move it out after the clawback period. Stuff that I’m buying every few weeks and eventually selling, I’m not sure dealing with Robinhood is worth it.
Double check the terms, but it looks like you could open a margin account with Vanguard, pull down $10k in margin, then transfer. I wonder if they have rules about maintaining that level of margin or if you can just cancel it on day two.
I ultimately ending up moving 3/4 of all my liquid assets over there, gaining something like $28,000 and that was 1 year and 9 months ago, and no regrets so far. Highly recommend.
I was considering moving my brokerage anyway, with the goal of consolidating with my 401k provider. This wouldn’t help with that, but the bonus has some appeal…
Been a HOOD customer for several years with no issues except that they are consistently the last ones to produce tax forms. All the bonus programs have a lot of strings, read the rules. I have not seen a bonus for margin, but I would not be interested in that.
The bonus offer that I currently have is a 2% bonus on brokerage transfers in. I don’t have enough brokerage outside HOOD to make it worth my time and I don’t want to over consolidate. Having distinct accounts helps mitigate my instinct to tinker with the holdings which is, at times, counterproductive.
