{"id":309061,"date":"2021-07-26T20:26:47","date_gmt":"2021-07-26T17:26:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/robinhood-ceo-interested-in-offering-retirement-accounts\/"},"modified":"2021-07-26T20:26:47","modified_gmt":"2021-07-26T17:26:47","slug":"robinhood-ceo-interested-in-offering-retirement-accounts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/robinhood-ceo-interested-in-offering-retirement-accounts\/","title":{"rendered":"#Robinhood CEO interested in offering retirement accounts"},"content":{"rendered":"

“#Robinhood CEO interested in offering retirement accounts<\/strong>”<\/p>\n

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Robinhood Markets\u00a0is considering launching US retirement accounts, CEO and co-founder Vlad Tenev said on Saturday in a webcast with users of its trading app<\/a> looking to participate in its initial public offering, which is set to price next week.<\/p>\n

The online brokerage has about 18 million funded investment accounts on its platform, most of which are held by retail traders<\/p>\n

Offering individual retirement accounts (IRAs) and Roth IRAs, which offer tax advantages to those saving for retirement, would allow Robinhood to tap a vast market. Americans held $12.6 trillion in IRAs at the end of March, up 2.8 percent from the end of December, according to the Investment Company Institute.<\/p>\n

\u201cWe are interested in building more account types, including IRAs and Roth IRAs \u2014 we\u2019ve been hearing that a lot from our customers. We want to make first-time investors into long-term investors,\u201d Tenev said in response to an investor question.<\/p>\n

Due to the penalties involved in withdrawing money, IRAs tend to attract long-term investments, rather than the quick flip in stocks, options and cryptocurrencies that some investors turn to Robinhood for.<\/p>\n

In his webcast, however, Tenev said: \u201cWe see evidence that the majority of our customers are primarily buy and hold.\u201d<\/p>\n

\"Robinhood
Retirement accounts represents a huge potential market for Robinhood.<\/figcaption>
SOPA Images\/LightRocket via Gett<\/span><\/figcaption><\/figure>\n

Robinhood, which is targeting a valuation of up to $35 billion in its IPO, has said it will allocate 20 percent to 35 percent of shares offered to its users, an unusual move for a high-profile offering. One of the reasons many IPOs enjoy a first-day trading pop is because the retail investors that Robinhood has invited are excluded and must buy shares in the open market.<\/p>\n

Robinhood launched its IPO Access platform earlier this year to enable users to buy into the IPOs of other companies if it can negotiate deals with the investment banks handling them.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Robinhood CEO interested in offering retirement accounts” Robinhood Markets\u00a0is considering launching US retirement accounts, CEO and co-founder Vlad Tenev said on Saturday in a webcast with users of its trading app looking to participate in its initial public offering, which is set to price next week. The online brokerage has about 18 million funded investment…<\/p>\n","protected":false},"author":1,"featured_media":309062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/sized-robinhood-ceo.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[112822,73711,5007,71029],"class_list":["post-309061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-26-21","tag-investments","tag-ipo","tag-retirement"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/309061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=309061"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/309061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/309062"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=309061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=309061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=309061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}