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Amusingly he admits most people shouldn't use his product that much. "Thanks to social media, countless people are lured into the markets and have a rosy view
by bruceb 4y ago
Amusingly he admits most people shouldn't use his product that much.
"Thanks to social media, countless people are lured into the markets and have a rosy view of trading. But the reality is less than 1% of active traders earn more money than a bank fixed deposit over a 3-year period."
https://economictimes.indiatimes.com/markets/stocks/news/no-easy-money-less-than-1-active-traders-beat-bank-fds/articleshow/88656009.cms https://economictimes.indiatimes.com/markets/stocks/news/no-...
But it is a technical and business achievement what they have been able to do building up Zerodha.
- callmekatootie 4y agoTheir CEO (https://twitter.com/Nithin0dha https://twitter.com/Nithin0dha) actively talks about the dangers of stock trading and attempts to educate their users at every step. There's one feature in their app - "Nudge" - that warns users about a myriad of things, one of which is if they are buying penny stocks or stocks with low liquidity under the influence of a sham marketing scheme. It's not so much as people shouldn't use their product - it's more about people should use their product wisely and not fall into traps.
- boruto 4y agoIts really simple to use product as well. I used to have an ICICI direct account. I can vouch zerodha is infinitely better. No spam calls from my free investment consultant. Way better APP and UI.