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Pre-Robinhood, were we (as a society) really only a polished-product away from mass adoption of stock trading in general? Like, is it really true that prior to
by godot 6y ago
Pre-Robinhood, were we (as a society) really only a polished-product away from mass adoption of stock trading in general?
Like, is it really true that prior to Robinhood, most people outside of the wealthiest ones avoided stock trading only because it was so hard to use any of Schwab/Fidelity/Scottrade/Etrade/etc.?
- sooheon 6y agoAnecdotally, yes. Until fintech apps started actually functioning in the country where I live, the activation energy to set everything up to gain exposure to equity markets was too high for myself and everyone my age that I knew. I'm very happy with the app I use now that lets me hold equity in markets globally(!) for some minor transaction fees, much happier than I was back when I got my first paychecks and my only realistic options were to watch it sit in a bank account or spend it.