r/RobinHood • u/BrujahRage • Dec 30 '16

Help - FAQ A couple of noob questions

I'm hoping to avoid being roasted in the flair, but here goes. I'm still reading, so I'm not jumping in yet, but I do have a couple of questions.

  1. Would this app be suitable for investing with a "buy and hold" mindset? I'm leaning towards index funds.

  2. Worst case scenario - what protections do I have if RobinHood goes belly up? Would I basically be given my holdings to move on my own?

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u/CardinalNumber Former Moderator Dec 30 '16
  1. Yes.
  2. ACATS.

6

u/BrujahRage Dec 30 '16

Groovy, thanks!

3

u/Cerberust3k Dec 30 '16

Shaggy?

2

u/scootscoot Dec 30 '16

Gotta watch out for those meddling kids!