I’m about 10 years away from retiring. The 3% bonus into my Roth is very appealing. I know it’s only $240 (minus the $60 for gold) per year and if it was into a taxable account I probably would not bother but anything to get more money into my Roth. Already have accounts set up at the other major brokerages including a Roth.
I am aware of the 5 year Robin Hood rule and I am ok with that. I have no problems having accounts at different brokerages (in fact I consider that a plus in case there is ever an issue with one of my other brokerages. ) Is it worth moving some of my money over from an existing Roth account (would only move a percentage, not all).
One question, I assume the gold relationship is per person? So I couldn’t use it for both my spouse and myself to each contribute to a Roth and get the bonus 3% instead of 1?
Also, can I buy CEFs, BDCs and MLPs through Robin Hood?
Are there any issues with market or limit orders in terms of fill prices or anything (general question).
I don’t panic trade (well at least I hope not) so I am not worried about accounts being locked up when I trying to get into a crypto position or something but would want to eventually move the money back to a more conventional brokerage in 5 years. I like the idea of a 3% back credit card, I really have no patience for the sector credit cards where they give you gas stations now and supermarkets the next quarter
Any other benefits or downsides?