10-01-2019, 11:12 AM
(10-01-2019, 10:48 AM)fenders53 Wrote:(10-01-2019, 10:26 AM)Otter Wrote: I will probably open a Schwab account now. I think this also undercuts the long-term viability of Robinhood. Maybe they have ensnared enough Millenials/Gen Z to survive off the margin income for Robinhood Gold, but surely most of their clientele will be bankrupt sooner rather than later.
What is Robinhood Gold exactly? Send in your car girlfriends car title and you can trade leveraged bitcoin options?
Wall Street Bets subreddit has some positively amazing tales of the stupid stuff Robinhood has allowed young, inexperienced options gamblers to do, resulting in astounding losses. It can make for some pretty entertaining reading. Fools and their money.