5 ms·

I agree. Especially when most of their user base is probably millennials who are < 2 years into trading. A bit scary.

• whitepoplar 10y ago
  It's so bad. If you offered the same people a loan at x% annual interest rate, I bet far fewer of them would bite, but that's exactly what the Gold monthly fee is.
  • charlesdm 10y ago
    At $10/mo (=$120 year), assuming a 1.5% interest rate, you're actually saving money on interest expenses if you invest more than $10k on margin for > 1 year. Doesn't sounds that bad to me?
    • marcell 10y ago
      It's $10/mo to borrow up to $2k. The cost to borrow more goes up.
      • webaholic 10y ago
        It's 100$ pm to borrow 24K$. It is not bad overall.
        • mcguire 10y ago
          At least 6% and 5%? Not bad. If you use all of it. Still, I'm predicting margin calls in someone's future.
• Veratyr 10y ago
  Here's scary: https://np.reddit.com/r/RobinHood/comments/5y8cw4/after_making_a_trade_is_there_any_grace_period/ https://np.reddit.com/r/RobinHood/comments/5y8cw4/after_maki... The guy was posting around about consumer law and how he should be able to get a refund.
  • deleted 10y ago
    [deleted]
  • arjie 10y ago
    > I bought Express stock EXPR yesterday. I know a girl who works there and I thought it would make a good conversation piece but now today the stock is going down really fast. That's the one I want to return. I don't want to have to go into the actual store to talk to them about this I was hoping there was an option to do it online. That's someone having a laugh at the expense of a bunch of fools who think they're so much smarter than him.
    • mcguire 10y ago
      "I was banned from [/r/wallstreetbets] for 2 days for linking this thread. Worth it."