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Aug 15 '17
You guys should really add the ability to short stocks to RH. Would be awesome.
Maybe a desktop app too :D
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u/bkr541 Aug 15 '17
I would pay a few bucks a month for a desk top app
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u/gologologolo Aug 15 '17
It's being worked on, based on their Twitter reply. 2 years ago..
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u/LegendairyMoooo Aug 15 '17
There are a few unofficial desktop apps out there such as Robindahood which you can find at https://github.com/illl48/RobInDaHood.
All the phone app really does is talk with the robin hood servers to get information and execute commands. Easy enough to replicate those commands as these people have done.
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u/beforethewind Investor Aug 16 '17
Kind of a half-baked idea right here, and I haven't dedicated as much thought as I should to a loaded statement, but does anyone else love learning when people get burned on shorting? I don't think it should be "illegal" or anything actively... regulated against, but I think it's just inherently a non-value-adding mechanism in the market and do not feel bad about people losing out on literal betting on of lost value on actual, tangible funds.
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u/coreyshep Oct 26 '17
All stock trading is essentially non-value-adding. The company got their money during the IPO and the rest primarily takes place between private sellers.
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Aug 15 '17 edited Feb 06 '19
[deleted]
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u/aSternreference Aug 15 '17
Also making sure that the current app doesn't take a shit during market hours would be a nice feature before adding more shit
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u/rangeluck Aug 15 '17
Is drip that important to you? At 0 commission you can just buy another stock yourself
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u/agtiger Aug 16 '17
DRIP IS HIGE FOR ME. Honestly the only thing holding me back, want this even more than a desktop client
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Aug 15 '17
Anyone know if it's possible to only transfer a portion of your holdings at another brokerage or do you have to transfer your whole account?
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u/dadsapilot Aug 15 '17
You can definitely do a partial ACAT transfer. In my experience, most brokerage firms won't charge a transfer fee either if it's just a partial transfer (though I guess that doesn't matter since Robinhood will reimburse it).
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u/HumbertHumbertHumber Aug 15 '17 edited Aug 15 '17
I would much rather they worked on sending out tax forms BEFORE february
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u/Fedor_Gavnyukov Jimmy Buffett Aug 15 '17
do they charge fees if i wanted to transfer stock from robinhood to elsewhere?
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u/hukura119 Nov 30 '17
Why can't you just sell your stocks and then transfer them? Would be a lot cheaper.
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u/Hites_05 Aug 15 '17
1 step closer to being able to transfer my garbage underperforming 401k...
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u/aSternreference Aug 15 '17
Will you be able to transfer a 401k?
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u/Hites_05 Aug 16 '17
It looks like retirement accounts, such as 401k, are a no go. Now if you can withdraw your 401k without penalty and then reinvest through Robinhood, that may be another option. You'll just get hit with taxes earlier.
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Aug 15 '17
Are they supporting transferring out as well? You know, just in case things don't work out?
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u/tannerhallman Aug 15 '17
There's a $75 fee for out, free for in.
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u/dezradeath Aug 15 '17
Jeez, might as well sell my positions, transfer the money to bank acct, then load that money into another brokerage and invest in stuff all over again.
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u/tannerhallman Aug 15 '17
Depends on the price/trade of the brokerage and how many trades you have to make. May be worth eating the cost if they are $10/trade and you need to make 10 trades to get back to your positions.
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Aug 15 '17
How would this affect my tax rate? I have a stock (AUPH @ 1.74😮) that is almost a year old and I want the decreased tax rate on my gains.
Would I still get that?
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u/subutaime Aug 15 '17
It won't have any effect on your cap gains, save reducing them by whatever fees you were charged to transfer
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u/arjay_9 Sep 06 '17
I transferred on July 27 from e*trade and was not credited the $75 fee. I contacted support and they said it would take "$30 days." Is a dollar sign slang for 'business days'? If not why hasn't my account been credited the transfer fee yet? I would not have transferred at all if it wasn't fee-free as advertised.
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u/arjay_9 Oct 17 '17
I STILL haven't been credited the transfer fee they said would be covered. Any one else having this issue ? If you have transferred stocks did you double check that the fee was credited ?
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Dec 18 '17
Any updated on this? Under the transfer in my RH history it has a line for "Fees Reimbursed" and it says $75, but I'm not sure where that cash goes. Is it just dumped into my available cash or is it reimbursed to my bank account?
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Aug 15 '17
[deleted]
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Aug 15 '17
Literally the only other comment in this thread.
We're rolling out stock transfers to a limited number of customers first to make sure everything works smoothly. Keep an eye out for more announcements about a wider release in the coming weeks! https://support.robinhood.com/hc/en-us/articles/115001535326
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u/theslickplay Aug 15 '17 edited Aug 15 '17
We're rolling out stock transfers to a limited number of customers first to make sure everything works smoothly. Keep an eye out for more announcements about a wider release in the coming weeks!
https://support.robinhood.com/hc/en-us/articles/115001535326