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I definitely fell into this trap, but fortunately came out ahead. After switching to Vanguard I feel more comfortable in my investments since I don't feel the t

I definitely fell into this trap, but fortunately came out ahead. After switching to Vanguard I feel more comfortable in my investments since I don't feel the time-pressure to check performance etc. RH feels too much like a social network where it's trying to push you to buy and sell every single day while more traditional brokerages follow a "set it and forget it" path.

fakedang 5y ago
This is also what I've noticed, and it mirrors with investing mentality of their respective users too. Schwab, Fidelity and Vanguard (the 3 platforms I looked at before going with Schwab) gear their experience towards a long-term investing mentality. They'll do a large number of checks and forms until they'll let you perform certain trades (options, futures, derivatives, etc). You actually need to pass a few tests to do those. Meanwhile RH makes that as easy as slicing butter with a warm knife, and barely warns its users of the risks.