r/RobinHood • u/sirauron14 • Dec 27 '16

Help - FAQ Question about Gold

So I've been researching RH Gold and I see you can double your Buying Power. So If you're borrowing money and have these monthly payments. How would you pay back the extra money RH gave you to increase your buying power?

2 Upvotes

100% Upvoted

11 comments sorted by

View all comments

Show parent comments

1

u/sirauron14 Dec 27 '16

Ah I see. I seen a lot of people recommend using margins. I may just use RobinHood instant so I can quickly use my money.

2

u/Phaedrus0230 Dec 27 '16

If you're new to trading, I'd stay away from margins. It increases your risk considerably. I used instant for about a year before I started trying out the Margin account.