Fidelity iOS app even has a beta toggle that sprinkles that UI/UX competitive advantage that Robinhood pioneered in the space. Anyhow, I wonder how much revenue decline is expected post-IPO, one would assume that they hyper-optimize KPIs 1-2 years before IPO to have good metrics and then those strategies do not continue in the longer term.

I've used Fidelity's new UX, as well as Vanguard's, and both are still way behind Robinhood in terms of just usability, nevermind addictiveness. Robinhood also makes it easy to take on insane amounts of risk through options and margin whereas that kind of leverage is difficult to achieve elsewhere.

Fidelity's offering is fine. I don't need confetti to confirm my trades.

You're saying replacing red negative numbers with poop emojis wouldn't just make your day?

"both are still way behind Robinhood in terms of ... addictiveness."

Good.

You used to be able to move funds into vanguard + purchase in a single submission in Vanguard (though clearly multiple steps on their end).

The new app seems to only offer sending money to money market settlement, before waiting two days to transact.

A real pain of a change, unless I'm missing a way to do it.

At least via the web interface for Vanguard the way I do it is start with a buy order, and then when it says "where funded" hit "new deposit" or whatever it is.

They then let me buy whilst the money is inflight.

Good to know the web still allows it - will do that in the future. Thank you!

Insane amounts of risk and long-term customers don’t usually go together.

Casinos do fine. Robinhood probably won't be the next Vanguard but they've essentially created the casual betting market version of investing.

Seems correct.

Looking at the scwhab 2020 pdf i could find quickly they added ~4.6mm new brokerage accounts between 19 and 20. Wonder what the recent stats are.

Article says robinhood lost 1.8mm if i'm reading correct.

Fits my use. I did a small amount on robinhood when i first came out. Now have that small pot for active trading (compared to people here i'm sure) in schwab.

I am also considering moving the larger savings i have in wealthfront to schwab. But i'm afraid of my impulsivity. About 10% of my savings are in a schwab account i actively trade on. Down like 20% over the last 360 days lol. Despite 1% fee my IRA is like doubled - though a much longer timeframe. I did put my 2021 tax IRA into new account on schwab. 80% medium risk ETFs. and just bought ttt and some bull levered etfs. lol. too impulsive.

If schwab had a setting to automate or place holds so I couldn't sell for ___ in my IRA I would move it all. Maybe i'll open a second account different login so it doesn't show up on the app/website.

actively trading is a great way to lose money. You're gambling against the house, and you will lose. Put money in mutual funds and leave it there if you want to invest, go put your money on black or red if you wanna gamble