Robinhood Checking Moved Fast and Broke

Re:Robinhood Checking Moved Fast and Broke by nyghtly on Monday December 17, 2018 @03:22PM (#18701838)

A poor person could still benefit from the stock market by investing in a fund over the long term. That is, if they had money to spare, which they probably don't--the definition of poor is that you don't have money to spare. It's not like free trades is some magical gateway out of poverty--in fact, it's more likely a way to lose money.

The solution to poor people not having enough money to invest is to get them more money.

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Re:Robinhood Checking Moved Fast and Broke by georgeecollins on Monday December 17, 2018 @06:55PM (#18703402)

I agree with you that poor people should have more wealth to invest. Meanwhile, a low net worth person can still benefit from the market by holding a bond, an ETF or a mutual fund. There are many commission free or nearly commission free ways to do this. Trading stocks is not on that list.

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Re:Robinhood Checking Moved Fast and Broke by thedaemon on Tuesday December 18, 2018 @03:28PM (#18710239)

Poor people normally invest in things like lottery tickets, which are 100% loss. I think a real investment of any kind is better than that.

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