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I would "bet" they will not perform well in the long run. Their most valuable asset is trust and that was lost
by brodock 6y ago
I would "bet" they will not perform well in the long run. Their most valuable asset is trust and that was lost
- abhishekbasu 6y agoI'm not too sure about that, without competitors perhaps yes, but otherwise they can still excel as a "gateway" to investment that many millennials like me seek in this app economy.
- afterwalk 6y agoYou can buy a put option on robinhood to put your bet to the test with limited downside risk.
- deleted 6y ago[deleted]
- NtGuy25 6y agoI think their main draw is as long as you have a pulse they give you margin and risky option trading. I use Vanguard for my retirement, but if I want to do any risky plays and feel like i'm in the big leagues, then Robinhood is the only place in town. They also provide easy access to crypto, which a surprising amount of non tech people use. Since Coinbase and such is alot scarier. I don't think they'll ever be #1, but I think they will consistently have a good following and most don't care much about the trust that was lost with gamestop.