Robinhood recommends Vanguard ETFs to beginners

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22twain
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Joined: Thu May 10, 2012 5:42 pm

Robinhood recommends Vanguard ETFs to beginners

Post by 22twain »

Today I found out that Robinhood offers to recommend an initial portfolio to customers who haven't made any trades yet:

Help Center > Investing > First trade recommendations

Currently it appears to be a four-fund portfolio of Vanguard ETFs, in the following categories:
  • US equities
  • Developed market equities
  • Emerging market equities
  • US bonds
Some financial advisors are skeptical:

Robinhood wants to give first-time traders investment advice. Should you take it? (MarketWatch)
Meet my pet, Peeve, who loves to convert non-acronyms into acronyms: FED, ROTH, CASH, IVY, ...
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