Apparently Charles Schwab just cut commissions to zero, which was always going to happen but feels plausibly sped up by RobinHood. (If you don’t understand why they could do that, c.f. https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ … )
-
-
“Yeah they are selling customers out to Wall Street.” *sigh* No, they are encouraging customers to keep (too much) cash deposited with them and then buying lots of mortgage-backed securities. This drives product decisions, like cash allocation on their roboadvisor.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
A little nuance but reducing cost basis is mostly a great thing.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
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.