I don’t know the long term story, but I don’t understand @RobinhoodApp
People shouldn’t day trade or pick stocks.
Long term, people should have diversified portfolios. So they are good if they become Wealthfront?
What am I missing?
-
-
I am frankly very, very skeptical of Robinhood; I think they make product and marketing choices which are irresponsible and which pessimize for their users' outcomes. But I will concede that that is an argument that feels colorable to me.
-
There's a bank-shot case for liking Robinhood as a non-user, too: they're competitive pressure on commissions, which long-term everyone believes will go to effectively 0 but which are materially non-zero because large brokerages don't quite collude but give good impression of it.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.