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I'm in the typical customer base for Robinhood. I've been using their app since late 2015 and I've never ran into issues like these. This is bound to happen if
by muhammadusman 6y ago
I'm in the typical customer base for Robinhood. I've been using their app since late 2015 and I've never ran into issues like these. This is bound to happen if you're treating trading like gambling and listening to strangers on the internet about which stock to buy to get rich quickly.
Decades of historical data is helpful in figuring out that if you just spend time in the market (with decent ETFs or stocks), you'll gain money. Timing the market is way worse than just spending time in the market.
The examples cited in this article are people who are at the extremes and very tragic but I hope it serves as a warning to other young investors that Robinhood is not a game and the money is real, so tread lightly.
Disclaimer: I've put in around $10k into Robinhood and it's not my primary savings/long term investment brokerage.
- brewdad 6y agoHonest question: If you are using RH as a buy and hold investor and you have other brokerages that you consider your primary savings, why are you using RH at all?