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Robinhood sells shares in a bunch of ETFs as well as individual stocks. Their selection isn't as good as a Fidelity or a Vanguard but the value proposition is t
by abvdasker 8y ago
Robinhood sells shares in a bunch of ETFs as well as individual stocks. Their selection isn't as good as a Fidelity or a Vanguard but the value proposition is the lack of transaction fees. There's nothing inherently irresponsible about Robinhood (except maybe how easy it is to get a margin account). It allows individuals to make the same mistakes as any of the larger investment banks.
- sammycdubs 8y agoYou can absolutely get lower risk investments through Robinhood, but they actively market things like margin trading under the "Robinhood Gold" banner. I don't think most investment banks would let you do things that risky, and you'd still have an advisor in the middle. You can always lose money while investing, it's just Robinhood makes it feel like you're losing at Candy Crush while you're doing it. Certain financial transactions shouldn't be as frictionless as Robinhood makes them, and I can't help but feel that their platform is irresponsibly built. Their "Checking and Savings" debacle show how fast and loose they play with regulations and educating consumers.