Is Robinhood legit?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s gamification of stock trading. They are basically trying to turn all users into gambling addicts, swinging for fences with crypto, options, derivatives — I think they even offer easy margin

lol. Their market positioning and branding are clearly not working. Yes they are legit. No they are not trying to turn people into addicts. They are trying to service a part of the population that is not, has not, and will not be serviced by other securities firms -- younger people, people with less funds to invest, tech savy who want to trade more. They don't offer real derivatives, options trading is there but limited and their crypto is very limited. You would do better at JP Morgan. In 5-10 years they either will be bought by a big bank or someone like google, meta, tesla.

Arguable. They are trying to gamify investing

Not more than anyone else is or will be.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s gamification of stock trading. They are basically trying to turn all users into gambling addicts, swinging for fences with crypto, options, derivatives — I think they even offer easy margin

lol. Their market positioning and branding are clearly not working. Yes they are legit. No they are not trying to turn people into addicts. They are trying to service a part of the population that is not, has not, and will not be serviced by other securities firms -- younger people, people with less funds to invest, tech savy who want to trade more. They don't offer real derivatives, options trading is there but limited and their crypto is very limited. You would do better at JP Morgan. In 5-10 years they either will be bought by a big bank or someone like google, meta, tesla.

Arguable. They are trying to gamify investing

Not more than anyone else is or will be.

Are you kidding? Have you ever used Fidelity or Vanguard apps? I've almost fallen asleep placing orders on them, and they always have multi confirmations.

And thats how it should be

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s gamification of stock trading. They are basically trying to turn all users into gambling addicts, swinging for fences with crypto, options, derivatives — I think they even offer easy margin

lol. Their market positioning and branding are clearly not working. Yes they are legit. No they are not trying to turn people into addicts. They are trying to service a part of the population that is not, has not, and will not be serviced by other securities firms -- younger people, people with less funds to invest, tech savy who want to trade more. They don't offer real derivatives, options trading is there but limited and their crypto is very limited. You would do better at JP Morgan. In 5-10 years they either will be bought by a big bank or someone like google, meta, tesla.

Arguable. They are trying to gamify investing

Not more than anyone else is or will be.

Are you kidding? Have you ever used Fidelity or Vanguard apps? I've almost fallen asleep placing orders on them, and they always have multi confirmations.

And thats how it should be

My point is that even Fidelity and Vanguard will be like Robinhood in a few years. That is the direction of travel. Robinhood is the canary in the mine. In five years they will be sold to a big entity Meta, Walmart, Amazon ect. and everyone will be like them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s gamification of stock trading. They are basically trying to turn all users into gambling addicts, swinging for fences with crypto, options, derivatives — I think they even offer easy margin

lol. Their market positioning and branding are clearly not working. Yes they are legit. No they are not trying to turn people into addicts. They are trying to service a part of the population that is not, has not, and will not be serviced by other securities firms -- younger people, people with less funds to invest, tech savy who want to trade more. They don't offer real derivatives, options trading is there but limited and their crypto is very limited. You would do better at JP Morgan. In 5-10 years they either will be bought by a big bank or someone like google, meta, tesla.

Arguable. They are trying to gamify investing

Not more than anyone else is or will be.

Are you kidding? Have you ever used Fidelity or Vanguard apps? I've almost fallen asleep placing orders on them, and they always have multi confirmations.

And thats how it should be

My point is that even Fidelity and Vanguard will be like Robinhood in a few years. That is the direction of travel. Robinhood is the canary in the mine. In five years they will be sold to a big entity Meta, Walmart, Amazon ect. and everyone will be like them.

Robinhood has been around for a decade. It’s only surging because crypto is surging. It’s not the gamification, it’s the easy crypto

[Anonymous]

There is no more obvious sign that you’re an imbecile than if you willingly use the Robinhood platform.

[Anonymous]

Anonymous wrote:There is no more obvious sign that you’re an imbecile than if you willingly use the Robinhood platform.

I don't think this is quite right. If you have a good net worth with 500k of assets to invest --- then I agree with you. Maybe even 250k. Lower than that, not sure you are right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is no more obvious sign that you’re an imbecile than if you willingly use the Robinhood platform.

I don't think this is quite right. If you have a good net worth with 500k of assets to invest --- then I agree with you. Maybe even 250k. Lower than that, not sure you are right.

Disagree with both of you. It's a tool, like anything else. If it is useful to you - like low cost and easy bitcoin trading - then use it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is no more obvious sign that you’re an imbecile than if you willingly use the Robinhood platform.

I don't think this is quite right. If you have a good net worth with 500k of assets to invest --- then I agree with you. Maybe even 250k. Lower than that, not sure you are right.

Disagree with both of you. It's a tool, like anything else. If it is useful to you - like low cost and easy bitcoin trading - then use it.

Not your keys not your coins

[Anonymous]

It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

[Anonymous]

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

Whoever does not keep up with this segmemt -- Vanguard, Fidelity, JP Morgan, MS, Citi -- whoever it is will buy Robinhood. 3-5 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s easy to do no fee trading on Fidelity, why would one use Robinhood if it has a poor user experience?

Robinhood makes it very easy to trade on margin. Fidelity, Vanguard, and Schwab make it very hard

Yeah, they make it hard for good reasons. Robinhood and their ilk ignore the historical reasons for why margin trading is discouraged. 1929 collapse was facilitated by easy margin. We as a society have wholesale just decided to ignore historical lessons and instead will relearn them through direct and avoidable failures. Freaking frustrating, tbh.

Whoever does not keep up with this segmemt -- Vanguard, Fidelity, JP Morgan, MS, Citi -- whoever it is will buy Robinhood. 3-5 years.

Exactly, sports betting and gambling have been legalized, if anything I think margin trading is a LESS risky than gambling??