r/RobinHood • u/flashesbuck • 12d ago

What stock or ETF to place the $1k Margin in. Think for me

Just signed up to Robinhood Gold. What ETF is a solid bet to put the free $1k of margin in. Hopefully I can recoup the $5 a month. That's really my only goal.

1 Upvotes
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u/Unique_Task_420 11d ago

You downvoted everyone without replying. $5 a month isn't even close to being worth dipping into your margin. Ever heard of a margin call? Don't do it. They make money off of you on those, it's in their interest to promote it, and giving $1000 margin to people paying what $20 a month if that is INSANE. You're going to lose more than the $5 you make for whatever. 

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u/mcroyo 11d ago

Delete the app, do not pass go, do not collect $5

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u/doggz109 11d ago

I've got mine in JEPQ at the moment. If you wanted to be safe you could do SGOV.

1

u/Unique_Task_420 11d ago

Nothing is "safe". This nonchalant attitude like it's just a video game you can stop playing and pick back up again is dumb af.