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.

 

If RH goes belly up, does that mean all the people who own stocks lose their stocks? Huh?

 

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.

 

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 posts useless observations - boring...Genius, do you think we are here to entertain you?

 

Why would it? They have a 2K account what is going to be blown in the next 3 weeks, so why would they care about the company's future?

Get real...

 

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.

 

right.

most likely he has been badly burnt by RH. so his comments were rather negative.

 

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!"

 

I am no tso easily entertained but it seems you are, must be for anyone using Wizzzzzzzzzzzzzzzzzzd. As I said RH is useless promotion.