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I'm rose!
I'm rose!

YouTuber, Money Expert, Educator, Traveler, Rebel, and #1 Book Nerd. My mission is to empower you with the mindset and financial know-how to get more of what you want out of life.

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Which investing platform should you use, Betterment or Robinhood?

I’ve used Betterment for about 2 years now, and Robinhood for just a couple of months. In this blog, I’m going to compare each app side by side, take you on a tour of my accounts, and finally, provide some guidance on which one to go with.

Side-by-side comparison

Now, I started investing with Betterment about 2 years ago, and I absolutely love it. Then when Robinhood came on the scene, I got really curious because the platform was offering stock trading for zero commissions. I’d never seen that before, so I decided to try it out. While both apps are for investing, I’ve found that they actually serve totally different purposes.

Roboadvisor VS Trading Platform

Betterment is a roboadvisor, while Robinhood is a trading platform. What does this mean?

A roboadvisor is x. So Betterment does x.

On the other hand, a trading platform is nothing more than x.

On a trading platform, you need to know exactly what you want to buy or sell and initiate the orders yourself, whereas a roboadvisor executes them for you based on their algorithms.

So if you want to do your investing in Robinhood vs with a roboadvisor like Betterment, then you better know what you want to buy and why it’s a good investment.

ACCOUNT TYPES OFFERED

  • Betterment: IRAs, Smart Saver, etc.
  • Robinhood: cash and margin, no interest on your cash

I get worried when someone tells me that they don’t have an IRA, they’re not maxing out 401k, but they’re “doing Robinhood”. This tells me they’re leaving a lot of money on the table by not investing in tax-advantaged retirement accounts. Ideally, you have a 401k that you’re maxing out your employer match, an IRA at Betterment, and then a trading account at Robinhood for buying stocks.

INVESTMENTS OFFERED

  • Betterment: portfolios (SHOW THE LIST OF ETFs)
  • Robinhood: individual stocks and ETFs and cryptocurrency and options

… no AUTOMATIC investing or dividend reinvestment

… check out my stock investing checklist

TOUR OF MY ACCOUNTS

Betterment

  • Goals
  • Portfolio and the projection graph/calculator
  • Auto and recurring deposits

Robinhood

  • Charts and news feed (very day-trader ish), show my HSBC desk!
  • Buy and sell orders
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YouTuber, Money Expert, Educator, Traveler, Rebel, and #1 Book Nerd. My mission is to empower you with the mindset and financial know-how to create a life of TOTAL freedom.

Rose.

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© 2022 rose han

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Rose

YouTuber, Money Expert, Educator, Traveler, Rebel, and #1 Book Nerd. My mission is to empower you with the mindset and financial know-how to get more of what you want out of life.

The weekly email that spills all the secrets on what it really takes to create a life of total financial freedom

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