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Robinhood isn't a bitcoin company. That's just a feature they have. Its main product offering is the commision free trading--and their presence pushed a lot of

Robinhood isn't a bitcoin company. That's just a feature they have. Its main product offering is the commision free trading--and their presence pushed a lot of big players to adopt the same offering. The wallstreetbets gang is silly and all, but I think they have really democratized stock trading, and made the whole idea seem much more accesible. I think they founders are former finance guys. I hope this doesn't sound like guerilla marketing. I don't even use the app, I have used it but I'm just not that interested in picking stocks. I just think it's cool as an ex-code monkey to entreprenur story.

triceratops 7y ago
> I think they have really democratized stock trading I would think Vanguard did that already. Most people should be trading ETFs, not individual stocks.
- ska 7y ago
  That's a separate issue I think. They obviously do different things.
- idnefju 7y ago
  I believe you still need a broker for ETFs, which usually carry brokerage fees.
  - ksherlock 7y ago
    With mutual fund companies, including Vanguard, generally you can open an account directly with them and buy directly from them (including partial shares, automatic monthly purchases, and dividend/capital gain reinvestments).
  - triceratops 7y ago
    Vanguard doesn't charge brokerage fees for their own ETFs. They also went fee-free for individual stocks this year.
  - astura 7y ago
    Most brokers don't charge commission on a large variety of select low cost efts
- Itsdijital 7y ago
  Wallstreetbets doesn't trade stocks.
tree3 7y ago
> I think they have really democratized stock trading How does "free" = "democratizing"? Stocks have been easily accessible for years to retail investors. > their presence pushed a lot of big players to adopt the same offering Misleading, big brokers were already going down this path.
- robjan 7y ago
  How much did it cost to place a trade for a $100 stock previously? RH definitely helped more people gain access to directly trading shares on the stock market, regardless of whether or not they were responsible in doing so.

triceratops 7y ago

> I think they have really democratized stock trading I would think Vanguard did that already. Most people should be trading ETFs, not individual stocks.

ska 7y ago
That's a separate issue I think. They obviously do different things.
idnefju 7y ago
I believe you still need a broker for ETFs, which usually carry brokerage fees.
- ksherlock 7y ago
  With mutual fund companies, including Vanguard, generally you can open an account directly with them and buy directly from them (including partial shares, automatic monthly purchases, and dividend/capital gain reinvestments).
- triceratops 7y ago
  Vanguard doesn't charge brokerage fees for their own ETFs. They also went fee-free for individual stocks this year.
- astura 7y ago
  Most brokers don't charge commission on a large variety of select low cost efts
Itsdijital 7y ago
Wallstreetbets doesn't trade stocks.

tree3 7y ago

> I think they have really democratized stock trading How does "free" = "democratizing"? Stocks have been easily accessible for years to retail investors. > their presence pushed a lot of big players to adopt the same offering Misleading, big brokers were already going down this path.

robjan 7y ago
How much did it cost to place a trade for a $100 stock previously? RH definitely helped more people gain access to directly trading shares on the stock market, regardless of whether or not they were responsible in doing so.