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Investing - Theory, News & General • What is the appeal of Robinhood

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Back in the day fidelity was a big bonus generator and I got thousands from them over the years and most major custodians have had bonus programs either in the past or currently so I think you're off target.
"back in the day" is not now. Fidelity no longer has to do that because they now have a superior product to RH and many others, it is not even close.
What does ancient history have to do with today ? I think you're off target.
And Vanguard does not do it today, and AFAIK never did have to buy business.
Fidelity does offer bonuses just not publicly for example a contact email I received recently from them said:
P.S. We have cash rewards for bringing assets into Fidelity. Simply reply to this email and I will send our reward tier's!
So your point is not particularly persuasive as most custodians have had them at one time or another and some like merrill edge still do so it's not a marker for much at all.
Then why doesn't Fidelity advertise it ?
Because clearly people open accounts every day without them.
Fidelity was small once, and needed to advertise those bonuses. Things change. If you want big bonuses, you have to shop around with the littler guys, and trust in SIPC. If you don't trust in SIPC, then there are bigger guys who won't pay you such a big bonus. Life is full of choices.

Statistics: Posted by nalor511 — Fri Mar 15, 2024 11:36 am — Replies 48 — Views 3395



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