Robinhood: Impact of increased access to trading platforms to the general public on trading
I'm surprised by the amount of students/general public "trading" (more like feeding money to vultures) in college, work, etc--especially with the advent of Robinhood (I'll admit I use it too on occasion)--wondering how this changes the landscape; more fools to chew on or less money for vultures to feed on with increased competition?
More people destroying what little savings they have in the current days' gold rush then swearing off the whole idea of investing (Bitcoin, Cannabis, dot com).
With 20 million Americans in poverty, and more than 50 percent without $400 saved for emergencies, the desperation expressed through unreasonably optimistic gambling of equities shouldn't surprise us.
For trading equities it’s worth tracking. To see when something like tillery is going to go.
Robinhood sells order flow.
I doubt this would radically change the landscape anytime soon, even though Robinhood has really exploded recently. A lot of users may be new to finance or may not be have a strong finance background so I doubt the majority of Robinhood users would wade far away from mainstream or popular stocks.
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