Robinhood vs the world - any RH traders here?

So, company fiscal stability means nothing to these youngsters? If a black swan event hits how soon do you suppose SIPC pays up? I am sure they have some smart young Turks but overall I bet they are a bunch of sheep trading on tips and fads. Not to mention downtime for the platform. Margin calls do not get paid etc.
 
Last edited:
maxinger said:
Like it or not,
definitely Robinhood owner and creator are damn smart people.

They know how to attract young customers.
Now Robinhood is a brand name.

Soon, when the market collapses, those who don't do their own
analysis but trade based on tips will suffer.
Then Robinhood might suffer too.
More...
Robinhood owner and creator damn smart people: not shown, measured or substantiated.
They know how to attract young customers. not shown, measured or substantiated.
Now Robinhood is a brand name: boring.
those who don't do their own analysis but trade based on tips will suffer. not shown, measured or substantiated.
Then Robinhood might suffer too: boring.
 
Overnight said:
If RH goes belly up, does that mean all the people who own stocks lose their stocks? Huh?
More...
No, they are SIPC insured but there is no timeframe for the feds to pay up. (Read my prior post, Sherlock). That is why I like larger more stable firms but the size is no guarantee anyways. Ditto with bank insurance...at least brokers cannot spend your money, banks often can by lending it out to deadbeats, so I always use credit unions!
 
Dazz said:
Robinhood owner and creator damn smart people: not shown, measured or substantiated.
They know how to attract young customers. not shown, measured or substantiated.
Now Robinhood is a brand name: boring.
those who don't do their own analysis but trade based on tips will suffer. not shown, measured or substantiated.
Then Robinhood might suffer too: boring.
More...
Dazz posts useless observations - boring...Genius, do you think we are here to entertain you?
 
HomelyWizzard said:
Dazz posts useless observations - boring...Genius, do you think we are here to entertain you?
More...

Yep. You have gone back and furiously edited your posts to assure they fit the narrative of the responses. Including boldings and parentheticals. Real classy of you.

So yeah, we are here to entertain you, Homely.

 
Overnight said:
If you remember, RH was the first to offer zero commish stock trades. All the social media types started flocking to it, spent the time to set=up their accounts, and the ball was rolling.

Once the other brokerages decided to offer zero commish, months later, why would those traders bother moving from RH to someone else?

Yer asking the wrong question. Your question should be, "Why would new traders want to go with RH when the other brokers offer the same deal"?

And the answer goes back to the first point...The momo of the social-media crowd. Word-of-mouth, etc.
More...

I think it may have appealed to older Boomers who had never really been traders before as well, though I have no proof of that. Maybe lower income seniors who wanted to see themselves as 'financially savvy players'. Add to that they set their platform up with ease of use for the non savvy trader. It gave them the savvy feeling while not actually being savvy. To be honest, I clowned my coworkers who told me they were on there initially, and all have changed to places like TD Ameritrade since which is a better platform (I guess?), but I suppose I get why it appeals to the amateur kids. Think of it like this picture below of playing make believe and showing everyone they are a real carpenter, "See! Just look at me if you don't believe me!"

 
HomelyWizzard said:
Dazz posts useless observations - boring...Genius, do you think we are here to entertain you?
More...
I am no tso easily entertained but it seems you are, must be for anyone using Wizzzzzzzzzzzzzzzzzzd. As I said RH is useless promotion.
 
You must log in or register to reply here.
Back
Top