 I'm moving out What's up money gigs mr. V here welcome to another video guys so into this video I want to show you guys how to transfer your portfolio from Robin Hood to Weibo if you remember last month when Robin Hood went through their crisis and Actually crashed when people were actively trading. I was actually impacted by that I lost about forty five hundred dollars in that process And so doing after that a lot of people have been asking questions about Where to go next which platform is reliable and which platform is cut? So I've been doing some research with we both everything and so In a people have been asking me the question So it into this video wouldn't cover how to transfer your account from Robin Hood to Weibo Without actually Liquidating your asset. That's the most important thing because the easier way to go about it would be sell everything in Robin Hood Then take your money out and then put that deposit that money in Weibo and then buy again But what if you have a position that you but and maybe you're down You don't want to sell and take that loss because you know the market is gonna bounce back or what if you? Sell and then you go to buy it's high. It's not the same So again, there's so many reasons why you don't want to liquidate You just want to transfer the stocks over from one broker to another so Again, if you didn't watch my video about Robin Hood and the crash and everything I'm gonna hook it up here so you can definitely go check it out If you're new here, we'll talk about how to earn money how to save money how to invest and build wealth So if that's something that really interests you go ahead and hit that subscribe button and the notification bell So that when I post new videos you would be the first to know so we're gonna jump on the computer I'm gonna show you guys exactly how you can actually Take your brokerage account from Robin Hood without looking at any asset over to Weibo It's a process. It's a two-step process. So we're gonna walk through it on the computer So the first step that I want you to do it create a Weibo account deposit at least a hundred dollars into your account and then make sure that the kind of account that you're transferring from Weibo from Robin Hood over to Weibo is the same so you can have a margin account with Robin Hood Make sure that you create a margin account with Weibo if you're transferring a cash account with Robin Hood Make sure they have a cash account with Weibo So I'm assuming that you've done all of that you have your account either margin or cash account Then you come into Weibo you just go on the transfer stocks And then fill out the information so you choose the broker where it's coming from so in this case Let's say it's coming from from Robin Hood Your delivery account. It's your individual account in my case And then delivery account number. So this is it again. This is a tricky one. This is the part where a lot of people get confused So the delivery account number is the account number that's delivering your Assets to Weibo. So that would take you over to Robin Hood to go find out So if you log into your Robin Hood account you go under Account you go on the accounts and then you go to settings That would show you your account number Copy that account number from Robin Hood and then switch over to Weibo again and put that number Enter that number here Once that number has been entered into Weibo The next step or the next question that they're going to ask you is Confirm the name and in this case my name is confirmed. I know who The account belongs to and then You would have to decide do you want to transfer everything over or you just want to transfer pressure So if you're doing a full transfer you select full transfer and then You acknowledge that you you're actually taking your assets over from Robin Hood to Weibo If you want to do a partial transfer you can decide. So in this case, they say hey multiple you just want a cash account or you want your positions So in this case if you have some positions in Robin Hood that you don't want to transfer over You can leave them there and they can just transfer over just your cash And that would give you the opportunity. So Either way you choose either a full transfer or you do a partial transfer. That's totally up to you So in my case, let's say if I'm doing a full transfer Once I confirm everything here double check everything is good. You click submit Requests for transfer and then Weibo behind the scenes is going to initiate that transfer with Robin Hood And tell them that hey, you're asking to take your assets out of Of Robin Hood to Weibo and then they'll do it. There is a fee associated with this just so you guys know there is a fee in this case Weibo says they'll cover the fee. So if you see here and this is very important Weibo says that they would cover the charge up to about 75 dollars. So I don't know how much Robin Hood is going to charge but the average is between 50 and 150 dollars somewhere within that range And if you transfer anything over 2000 dollars from Robin Hood, Weibo would cover that charge for you At no cost. So that's really good. So from that point It takes about three to seven business days for that transfer to be completed And then once that's completed and your gut then you can start trading in in Weibo And so this is a very simple process that you can go about doing it without necessarily liquidating your assets from Robin Hood And then depositing that money into Weibo So it's usually a very tedious process because you think about it You liquidate your assets in Robin Hood You have to wait two days for that money to settle in your account and then you initiate A bank transfer from from Robin Hood to your bank It takes another two or three days before you get that money in your bank account Then from your bank account you initiate another ACS transfer to Weibo It takes another two or three business days for that to to go or settle in your account Before you can start trading. So it's quite a process But if you can just do between three to seven business days, just move the assets over That would save you a lot of headache and a lot of time. So I hope this video was useful for you guys That was just a simple process. So question of the day Are you looking at moving your assets from one broker to another? If yes, why are you moving? Let me know in the comment section if you haven't already subscribed to youtube channel Go ahead and hit that subscribe button and the notification bell because youtube tells me that 90% of you guys watching Having already subscribed it would make my day if you do subscribe and hit that notification bell And as always guys Stay safe. Stay motivated