The AMC Stock Discussion Thread

Jammer22

All Star
Joined
Oct 31, 2015
Messages
1,476
Reputation
770
Daps
3,819
:ohhh:
Even if so wouldn't they have to give you back something of equivalent value at the end of the day?
Doesn't look like it tbh. They'll force sales on you and if the account ends up low, you'll be on the hook for the rest of the margin you owe.

every brokerage has the same policy for margin accounts
What I didn't know is that RH accounts were margin accounts by default when you sign up for them. IIRC, Webull might be default margin as well?

I get that having instant access to buying and selling immediately with a $1000 available will mean there's a trade-off. It just wasn't readily apparent I was in a margin account all along.

How long did it take?
Bout a week. Gotta wait until any deposit or transaction settles before you can switch accounts.

Were the steps easy or u had to email them?
Yeah, you can't do it yourself or go to the settings menu, you gotta email them to switch accounts. I've heard people say they also gotta turn instant settlement, options trading, etc.

There's tutorials on reddit to help.


I think I'm good since I got that Shareholder voting email and voted. So if god forbid RH gets up to some fukkry, I know they acknowledged that Im a shareholder. Ya'll should take pics of your share count and emails if you worried. Always good to have that on hand IMO.
 

drogba11

Rookie
Supporter
Joined
May 19, 2012
Messages
89
Reputation
75
Daps
173
There a lot of people who have shares on cashapp. I got a lil bunch there. Bad enough the money isn’t FDIC insured on cashapp, but how does one pay taxes when they only let you take out 25k/day? It would take years to widraw the tax money, let alone your gains if this did hypothetically hit 100k or more a share.

Like some other stated already. Transfer your shares to a trusted brokerage. I went from Ally Invest to Fidelity back in early February. It took approximately 24-48 hrs. Its worth the peace of mind.
 

Champ_KW

Superstar
Joined
May 12, 2012
Messages
6,516
Reputation
1,060
Daps
19,428
Reppin
NULL
I did a transfer from RH on the 18th....still got $200 sitting over there from the fractional shares sell off. How long does it take for them to send my money to my account? I'm trying to throw it on some more shares, but they holding up the money.
 

Trust Me

Coli Prophet
Joined
May 1, 2012
Messages
23,553
Reputation
4,096
Daps
50,282
Reppin
Orlando
I think this question been asked already.. I just dont know how far back. I got 10.26 shares in Robinhood, and the other 30 in Fidelity. I wanna be done with RH.. and I want them all in Fidelity. What do I need to do to get them over there? Step by step please.


Talk to me like I'm a 2nd grader. I dont want shyt to do with RH.
 

Creepn

All Star
Joined
Sep 6, 2014
Messages
863
Reputation
170
Daps
3,530
Cashapp sent me that email voting thing but at the end of the voting it said I only have 11 shares when I have way more than that. :jbhmm:

I hope its just a delayed share count.
 
Top