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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 15 Jun 2019

    Patrick McKenzie Retweeted {{{Lisa Mahapatra}}}

    This is such a brilliant business. I hope it survives. (c.f. http://stockpile.com  )https://twitter.com/lisamahapatra/status/1140104929320636416 …

    Patrick McKenzie added,

    {{{Lisa Mahapatra}}} @lisamahapatra
    Wait you can buy stock at Target? Weird. (Image via /r/Wallstreet bets) pic.twitter.com/tcLGSqNa8R
    9:51 PM - 15 Jun 2019
    • 25 Retweets
    • 189 Likes
    • Jesus Girl Jen @mikko Scott Balster Ricky Yean mallyvai.eth Rupert Muchembled Sanket Nayak Ryan Gross Khaled Gomaa
    6 replies 25 retweets 189 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 15 Jun 2019

        It’s a bad brokerage quality brokerage but you don’t need your 7 year old in a good brokerage you need them to know that there is a choice between buying $100 of Apple stuff or buying $100 of Apple’s business.

        2 replies 1 retweet 71 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 15 Jun 2019

        “Explain to me why that would be a bad brokerage.” If you’re maximizing for returns you can find cheaper ways to buy the same financial instruments, and the drag on returns would be significant if you did this for a decade. But I assume you’re paying for the education.

        0 replies 0 retweets 40 likes
        Show this thread
      4. End of conversation
      1. New conversation
      2. will‏ @uiri00 15 Jun 2019
        Replying to @patio11

        $5 commission on a $20 trade is highway robbery for sure.

        3 replies 0 retweets 8 likes
      3. Patrick McKenzie‏ @patio11 15 Jun 2019
        Replying to @uiri00

        Think it is 99 cents?

        1 reply 0 retweets 1 like
      4. Show replies
      1. New conversation
      2. vlqc‏ @__vlqc 15 Jun 2019
        Replying to @patio11

        yo does this mean I can now physically rob a store to become a shareholder

        0 replies 0 retweets 3 likes
      3. This Tweet is unavailable.
      4. Show replies
      1. Marc‏ @marc_data 16 Jun 2019
        Replying to @patio11

        They got wishlists. Even from just a financial educational pov, it's worth the relatively high fees.pic.twitter.com/81S4JglIUg

        0 replies 0 retweets 1 like
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      1. Wes‏ @WesleyWaffles 16 Jun 2019
        Replying to @patio11

        What a cool idea. I am only concerned that there’s 1 row for index funds and all the rows for individual stocks. I’m sure it based on what consumers are likely to purchase, but still 🤨

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Rohin Dhar‏Verified account @rohindhar 16 Jun 2019
        Replying to @patio11

        I’ve always thought that “give the gift of compound annual interest” would be a great business and helpful to society

        2 replies 0 retweets 0 likes
      3. Rohin Dhar‏Verified account @rohindhar 16 Jun 2019
        Replying to @rohindhar @patio11

        However, in my research of this, I discovered that the us college financial aid system essentially takes all assets in the child’s name to count toward paying for college so you’re much better off having a 529 plan if you have any chance of getting financial aid.

        0 replies 0 retweets 1 like
      4. End of conversation

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