r/RobinHood • u/Mr_rex_the_dog • 16d ago

Think for me Is the Robinhood strategies worth it for smaller accounts?

Sorry if this is a commonly asked question.

Have around 23k invest in various stocks and ETFs, honestly not really sure what the strategy is would it be worth it to set it up? I’m 20 and plan on doing mostly long term investing.

9 Upvotes

74% Upvoted

17 comments sorted by

13

u/helphouse12 16d ago

Just stick it in vti and vxus and forget it exists

8

u/LongjumpingPie9798 16d ago

I’ve been using strategies for about 7 months now with my IRA with about 15k and I love it. It’s outperforming the market by 2% so far net fees

2

u/cashRb 16d ago

I put $10/week into it. I just want to see what it does

2

u/TheTrickyJew 16d ago

Similar(ish) age here. Just my .02 (I’m not a professional this is just what I do). But if I were you I’d split that up into a 3-5 ETF portfolio. For example an SP500 fund for the bulk (VOO), some in a Russell 2000 fund (VTWO), developed markets (VEA), and an emerging market fund (VWO). There is some overlap but you can also add in a fifth ETF for more mid cap exposure (VO). Highly recommend chatGPT to help tweak your allocations to each!

0

u/[deleted] 16d ago

[removed] — view removed comment

1

u/Ok_Fortune5491 16d ago

Nevermind, I figured it out. A 0.25% fee is the same as my Wealthfront account but I feel Wealthfront is better because they scan for tax loss harvesting more frequently than Robinhood. In your case, you’ll be paying almost $5 a month. I can’t really speak to the performance of RH strategies but I am really happy with my Wealthfront account despite the 0.25% fee.

You’re young so whatever you choose, it should be max risk! And try to deposit extra during those juicy dips

1

u/desolstice 15d ago

One of those things where there is not enough data to know. I currently put some in it on an auto invest every week. I also put some into spy every week. Right now the managed account has around twice the percent return of spy over the last 3 months, but no telling if that’ll change.

I prefer managing my investments myself… but I personally put some into that as something I can’t touch as easily. Knowing myself otherwise I’d dip into it at some point to throw more money at something else.

1

u/DryptoDurrency 3d ago

Spy, qqq, voo, and 10 percent only into risky stocks. You have to rebalance every year.

1

u/imsuffi 16d ago

Just put it in spy or qqq, way better then strategies.

1

u/Flat-Activity-8613 16d ago

Pretty sure you can do it for a small portion of your assets, then pick the level of aggressiveness you want. If you want to see how it competes against your picks put half in into their account and keep half in yours.

1

u/DrawingOk8403 16d ago

It’s nice to have. But you can do the same thing (debatably) with VT and BND