Robinhood Is Set to Raise at Least $200 Million in New Funding

Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by cheerlessbog on Friday May 24, 2019 @09:25PM (#20006578)

If you're a buy and hold investor why does it matter if your occasional transaction costs $10?

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Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by trustfundbaby on Friday May 24, 2019 @11:10PM (#20006884)

Because it's $10 that I could be using to buy actual stock and not gifting it to some broker for basically doing nothing.

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Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by cheerlessbog on Saturday May 25, 2019 @01:11AM (#20007228)

I guess to me that $10 is a suggestion that they are competing on execution price instead of transaction fee.

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Re:Robinhood Is Set to Raise at Least $200 Million in New Fu... by jldugger on Friday May 24, 2019 @10:47PM (#20006812)

Cuz that's all that's left to optimize. If you've got a spare thousand to shift into brokerage, 10 bucks is a hefty 1 percent fee.

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