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I'm pretty ignorant of investing services/brokers... Is this a case of people putting all their eggs in one basket? Does Robinhood have a "guaranteed" 99.9xxx%

I'm pretty ignorant of investing services/brokers... Is this a case of people putting all their eggs in one basket? Does Robinhood have a "guaranteed" 99.9xxx% uptime guarantee? Sucks for a lot of people who evidently are putting a lot of money in the market and couldn't do anything due to a technical issue.

lvh 7y ago
A common adage is that the best service a brokerage can provide is to cut the phone lines during a crash :) Regardless: Robinhood is aimed at individual consumers, not sophisticated investors. It's not uncommon for prosumers to have several brokerages, but of course you're limited in the size of the moves you can make (probably not a bad thing for the median Robinhood user). If you cared this much, you probably had IBKR.
thedudeabides5 7y ago
This is what $0 commissions gets you...
- toomuchtodo 7y ago
  Most major discount brokerages are also at $0 commissions. They make their money off of net interest, asset management fees, margin, security lending arrangements, and order flow.
  - thedudeabides5 7y ago
    Well, it looks like they make money mostly through a product that doesn't work literally you need it most, but sure.
    - toomuchtodo 7y ago
      Robinhood is not a major discount brokerage.
- deleted 7y ago
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