I ran into http://motif.com earlier today, which is pretty clearly attempting to RobinHood-style sew up millennials who have money but don’t connect to either mutual funds or the finance industry. Not sure how I feel about this, honestly.
I’m curious; what’s the attraction to wallstreetbets? I also have a funny-money allocation but every time I see them it reads like degenerate gamblers who are nincompoops. (“Trading naked short calls SEXY what’s a call YOLO.”)
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There’s something very entertaining about seeing seven dollars in margin interest turning into several thousand dollars. Others enjoy the loss porn. Preferably others’ loss porn.
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For what it’s worth, 98% of my money is in VSTAX. A negligible portion of the rest is in YOLO trades that occasionally do fun things.
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