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If you understand what you're signing up for and still want to dabble in stock trading for fun then sure. Go wild. Everyone needs a hobby. But the homepage of r
by vec 8y ago
If you understand what you're signing up for and still want to dabble in stock trading for fun then sure. Go wild. Everyone needs a hobby. But the homepage of robinhood.com has the following call to action above the fold:
> Investing, Checking & Savings. All for Free.
> Robinhood gives you the tools you need to grow your savings, invest in your future, and do more with your money.
Does that sound like "this is not an appropriate way to finance your retirement" to you?
- anthuswilliams 8y agoWhat should their ad copy say instead? "Robinhood gives you the tools to lose all of your money making impulsive decisions" ? All brokerage accounts advertise themselves as investments, even if the reality is that idiots open them and lose all of their money trading options. I mean, if you really have this expectation of marketing copy, I don't blame you, that's a totally legitimate position to hold. It's just not one I would expect many people to share.
- vec 8y agoThe grandparent talked about treating it like fantasy sports, and if they advertised themselves like, say, Draft Kings does then it would be one thing. As it is, though, the more thoroughly you trust their representation of how their product should be used the worse off you will be. I usually take that particular trait as a big red flag that a the universe would be better off without the company in question. And yes, this criticism does apply to most brokerage accounts. Most brokerage accounts don't have half of Silicon Valley fawning over them, though.