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I’m probably not the average Robinhood user, but I was already putting about $50k/year into index funds for retirement. So rather than putting even more in the
by bigtunacan 9y ago
I’m probably not the average Robinhood user, but I was already putting about $50k/year into index funds for retirement.
So rather than putting even more in these I wanted to research and invest directly in a handful of stocks long term. I used to use Scottrade for this. That’s not too bad $7/trade ($14/round-trip).
If I’m making a sizable enough investment that won’t matter too much. But what if I only had $24 this week? I could buy one share of Ford on Scott-trade, but then I’m upside down until the price doubles (e.g. forever upside down).
With Robinhood I can make buys no matter how small the purchase.
- what_ever 9y agoThanks. I think so many people here don't understand how people use RH and quickly jump to conclusion thinking it's only "low net-worth individuals" using it. Before RH, people still invested in individual stocks and it wasn't only "low net-worth" individuals attracted by the greens and reds in the UI doing those.
- bigtunacan 9y agoI’m sure for some users the notifications can be alarming or induce bad/impulsive behavior. I have on occasion though found them useful where I get a notification that X stock is down Y% today. Most of these have been bad market days and I’ve said, “Nice, I’m long on X and it’s on sale today so I’ll pick up a few more shares.” So on the one hand I understand how these could lead to a rash decision from some I don’t think Robinhood is trying to get people to buy high and sell low.