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A comment on Robinhood launches 3% checking account. Parent comment

Re:Robinhood launches 3% checking account by JumpCrisscross on Thursday December 13, 2018 @12:20PM (#18674035)
> Their whole business is to encourage folks that should not be day trading to day trade

Less cynically, it’s building a book of investors who have likely never lost money in the stock market.

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Re:Robinhood launches 3% checking account by rconti on Thursday December 13, 2018 @12:33PM (#18674184)
It doesn't really matter; they're making the spread anyway, whether you make money or lose money.
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Re:Robinhood launches 3% checking account by HenryBemis on Thursday December 13, 2018 @12:58PM (#18674416)
Or Forex market. With carefuul activity Forex can make an 'easy' 20% per year. Stocks I would assume would give a 7-10%.

Knowing that RH gambles your money, it gives them plenty of profit :)

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