Re:Robinhood now valued at $11.2B with new fund backing
by outworlder on Monday August 17, 2020 @04:27PM
(#24191638)
We are not exactly disagreeing :)
The established companies can still be disrupted by great execution. There is potential there. Robinhood can still do great by having an elegant interface AND showing relevant data. Show the greeks, even if that means they will have to come up with fancier indicators.
For instance, Delta. Show me probability of profit instead, right in the list, as it is derived from delta. Show theta, even if you have to come up with a cartoon graphic to illustrate time decay. Show a flame when IV is high.
Suggest other strategies if the trade looks bad. Don't show that something is up 1500% just because there were no bids previously.
And so on.
Not trying to plug tastyworks, but their desktop interface is leaps and bounds ahead of what Robinhood does on either platform, and it is easier to understand too. What they have NOT figured out is how to get the same experience on mobile.
If Robinhood can figure that out, everyone else is in for a bad day (even with their horrible fills).
> HavenMoney (acquired by CreditKarma) had an approach to this I really liked, they basically did best practices for most people. Index funds, emergency savings, 401k handling - all automated.
This is great. Automated investing is the way to go - and can be surprisingly difficult to do. There are platforms that do similar things, at least for index funds, such as Betterment. But they tend to have higher fees than Vanguard.
The established companies can still be disrupted by great execution. There is potential there. Robinhood can still do great by having an elegant interface AND showing relevant data. Show the greeks, even if that means they will have to come up with fancier indicators.
For instance, Delta. Show me probability of profit instead, right in the list, as it is derived from delta. Show theta, even if you have to come up with a cartoon graphic to illustrate time decay. Show a flame when IV is high.
Suggest other strategies if the trade looks bad. Don't show that something is up 1500% just because there were no bids previously.
And so on.
Not trying to plug tastyworks, but their desktop interface is leaps and bounds ahead of what Robinhood does on either platform, and it is easier to understand too. What they have NOT figured out is how to get the same experience on mobile.
If Robinhood can figure that out, everyone else is in for a bad day (even with their horrible fills).
> HavenMoney (acquired by CreditKarma) had an approach to this I really liked, they basically did best practices for most people. Index funds, emergency savings, 401k handling - all automated.
This is great. Automated investing is the way to go - and can be surprisingly difficult to do. There are platforms that do similar things, at least for index funds, such as Betterment. But they tend to have higher fees than Vanguard.