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Sad story. However, his investing strategy (or lack of investing strategy) has nothing to do with Robinhood. And it is a rather bold statement that he does not
by pointr 5y ago
Sad story. However, his investing strategy (or lack of investing strategy) has nothing to do with Robinhood. And it is a rather bold statement that he does not believe in investing in Indexes. Surely that would have been a better strategy, than losing everything on one bet.
- sushid 5y agoHe's obviously to blame but giving every college grad the ability to buy/sell options may perhaps not be in a young investor's best interest. There's a reason other brokerage firms ask how long you've traded for before allowing margins/options/etc.
- SV_BubbleTime 5y agoHe addresses that Robinhood and the like are UX’ed around the dopamine hit. It’s not a solid conviction, but he does have a point. It’s in Robinhood’s interest to make it fun and seem more official than “just gambling”.