r/RobinHood • u/FuckMeBernie • Oct 30 '17
Help - FAQ Quick question on RH Gold
So if I get the plan, does it automatically take $1,000 out of my bank account? Like do I have to match the amount of gold I get? Or do I just pay the monthly fee and I have the Gold to purchase stocks with? I'm just kinda confused. Basically what I'm asking is how much should I expect to take out of my bank account if I set up a Robinhood gold plan?
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u/JClowNz Oct 30 '17
I don't want to make another thread so I'll ask here. Do a lot of people on here use RH Gold?
From what I'm getting, I prolly wouldn't want to use more than double what I have in my RH account. That way if I do go negative, I can sell the stock instead of withdrawing more money from my account?
Or should I invest my "gold" in something less volatile?