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> OK, let's just be super conservative and say only 50% of Robinhood's accounts are funded I mean, we're all just guessing here but 50% seems _super generous_
by BinaryIdiot 7y ago
> OK, let's just be super conservative and say only 50% of Robinhood's accounts are funded
I mean, we're all just guessing here but 50% seems _super generous_ to me. It's really easy to sign up for a Robinhood account. I'd love to know what the real numbers are :)
- Consultant32452 7y agoI have a Robinhood account. They gave me a free share of some stock to create an account. I just have that one share. I don't even have the app installed on my phone.
- ignoramous 7y agoIs it not safe to assume that VCs wouldn't be investing huge sums of money it they weren't convinced of the metrics?
- dharmon 7y agoUsername checks out...
- perfmode 7y agoi would not say it is a safe, honestly.
- dragonwriter 7y agoIt is safe to say that VCs wouldn't be investing huge sums if they didn't see a remote chance of a huge takeoff; they are VCs, not value investors.
- thekyle 7y agoYeah, and of those accounts that are funded I'd guess that many don't have more than $100. Personally I know my Robinhood account only has a couple of bucks in it and I just haven't bothered to close it. I use TD Ameritrade and M1 Finance for the bulk of my actual shares.
- doingmyting 7y agoI'm not sure how representative of a customer base it is but I've seen some serious money in screenshots on subreddits like r/Robinhood and wallstreetbets, sometimes in the millions. There are many day traders that now use Robinhood for better or worse. I wouldn't count out their userbase just based on your own experience
- ackbar03 7y agoJust curious, why don't you though? I thought Robinhood would be more economical
- ac29 7y agoIf you're buying non-trivial amounts of stock and holding it, paying a couple dollars a trade isn't a relevant concern.
- mehrdadn 7y ago> If you're buying non-trivial amounts of stock and holding it, paying a couple dollars a trade isn't a relevant concern. What becomes more relevant in that case? Also I thought the fees are more like $7 rather than $2... have they decreased?
- astura 7y agoYes, commission has decreased, there has been a fee war going on lately and as a result fees have been going down substantially across the board for the major players. Fidelity doesn't even charge for wire transfers anymore. https://www.reuters.com/article/us-funds-fidelity-commissions/brokerages-race-to-zero-fees-points-to-a-bigger-war-to-come-idUSKBN1670DV https://www.reuters.com/article/us-funds-fidelity-commission... https://www.cnbc.com/2019/02/12/fidelity-and-schwab-fire-latest-salvos-in-brokerage-fee-war-doubling-etfs-available-for-free-trades.html https://www.cnbc.com/2019/02/12/fidelity-and-schwab-fire-lat...
- 7y ago