Leveraging capital in the stock market using Robinhood Gold
The mobile app brokerage Robinhood (I am not affiliated) recently released Gold which allows you to borrow capital to invest into the market. This type of loan in finance is traditionally called margin.
Note: Use of Robinhood Gold buying power is considered high risk and not suitable for all investors. Make sure you understand your margin maintenance requirement and the implications of a margin call. See the official Robinhood margin disclosure statement for complete details.
Robinhood Gold is different than traditional margin. Instead of charging a fixed percent interest (this is how nearly all brokerages do it), Robinhood is charging a flat monthly fee for lumps of additional capital.
Monthly Fee Additional Buying Power $10.00 / mo $2,000 $15.00 / mo $3,000 $25.00 / mo $6,000 $40.00 / mo $8,000 $50.00 / mo ...