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Unsophisticated investors already have access to 4:1 leverage in every stock broker out there, which is quadruple the money, so you don't know what you are talk
by appetizer 9y ago
Unsophisticated investors already have access to 4:1 leverage in every stock broker out there, which is quadruple the money, so you don't know what you are talking about?
Surprise! Robinhood is going to make revenues like a normal broker, who at this point already have mobile apps that are just as intuitive and more fully featured.
- j2bax 9y agoI have accounts with traditional brokers and with Robinhood. I assure you the barrier to entry with Robinhood is far lower than traditional brokers. I could definitely see this being a major concern with the potential to ruin some unsuspecting innocently curious "investors" lives.
- appetizer 9y agofinancially naive speculators blow up their account with partially featured financial company straight out of the onion folks. Robinhood's gold account is still 100% less margin than other brokers and the regulations themselves allow! Yet they are getting people to pay for it! Have a laugh because it is hilarious, paying for the privilege to pay interest is the bigger article here.