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> Everything can be overdone... gambling, sugar, video games. Why focus on the few people who take it too far, rather than the millions who now have the same ac
by dlp211 6y ago
> Everything can be overdone... gambling, sugar, video games. Why focus on the few people who take it too far, rather than the millions who now have the same access to wealth building that rich old people do?
Robinhood did not do this. Vanguard, Fidelity, Schwab have all existed for a long time now.
- gkoberger 6y agoSure. I can also go get licensed as a trader and join a firm. Any barriers to entry are still barriers, even if it's as dumb as "the website isn't mobile friendly". For lower-income people, they might only have a phone. It sounds dumb, but... when you go to those, a lower income 20-something feels like they don’t belong and would leave. "Charles Schwab" feels like it's for people who look like Charles Schwab.
- dlp211 6y agoSo letting them gamble it away on options and individual stocks is the answer? Like I get your point, but Robinhood isn't helping these people make good financial decisions.