Re:Robinhood S-1 IPO
by dilyevsky on Thursday July 01, 2021 @03:18PM
(#27703311)
CS had like $9 fee per trade before they felt the heat from RH. Which btw was fine by me since it was small potatoes if you just casually invest and hold for a year or longer. What they really democratized is incessant day-trading, otm calls on dogshit stocks etc. basically a casino pretending to be a brokerage
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Re:Robinhood S-1 IPO
by randomhodler84 on Thursday July 01, 2021 @09:17PM
(#27706897)
It was never ok. Trade fees were a gatekeeping measure to dissuade retail investors. Since RH started I have been able to build a portfolio of many single individual stocks (my own market “index fund”), some worth less than $10. This was never possible under pay per trade regime.
Managing your own penny stock index is great if your time is worth nothing to you. But also IB had pretty low fees for years and CS had no fees on ETFs
Re:Robinhood S-1 IPO
by randomhodler84 on Friday July 02, 2021 @10:32PM
(#27718909)
“Time” — this thread is about Rh, and it’s probably the quickest way. We are talking total time of a few hours. Arrange by price, buy, swipe. It’s about having systems in place that provide yield.
What's the point of investing less then 10 dollars?
Re:Robinhood S-1 IPO
by rwmurrayVT on Thursday July 01, 2021 @10:12PM
(#27707203)
Earning a return greater than the 0.10% offered by my credit union. Should only those with more capital than 1mm earn returns?
Keep it in your wallet or put it on a blackjack table. Or yes put it in a savings account that won't disappear until you can build up money to invest with.
Re:Robinhood S-1 IPO
by thrwyoilarticle on Thursday July 01, 2021 @11:32PM
(#27707573)
Or don't.
And you couldn't put that into an Index fund because?