There's a genre of HN comments I never want to have to make again about discount brokerages and retail investors so I wrote the consolidated omnibus version to copy/pasta into future discussions about it: https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ …
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Replying to @patio11
Great writeup! A typo: "$2.26 in net interest" should say "2.26% in net interest" (unless you've found an investment that turns one dollar into $2.26 in a year :P)
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Replying to @patio11 @_RussellDavis
FWIW I'm still seeing "You’d earn $2.26 in net interest in a year."
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Replying to @_wilfredh @_RussellDavis
I changed the “a dollar” to $100.
1:38 AM - 26 Jun 2019
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