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Yep, there's a better "timeline" where Vanguard were the ones to make an app with a super easy onboarding experience, and used gamification to create a giant bo
by sanderjd 3y ago
Yep, there's a better "timeline" where Vanguard were the ones to make an app with a super easy onboarding experience, and used gamification to create a giant boom in young people buying and holding boring index fund ETFs (which is already commission-free on Vanguard itself).
- tombert 3y agoYeah, preaching to the choir here, I have a Vanguard account, I mostly buy Vanguard ETFs or index funds. That said, assuming that the person doesn’t treat Robinhood like a gambling app, avoid margin and options, and only buy boring ETFs on there, it doesn’t really seem like it’s fundamentally different.
- sanderjd 3y agoYep. But I think it's like going to a casino "just for the free drinks". I'm sure some people pull it off, but everything in there is set up to get you to, ya know, play the games.