The most widely talked about subject this week has been GameStop and the widely used app to trade stocks with Robinhood. Robinhood is an investing app. But during this past week if you hadn’t heard of Robinhood before this week, you almost certainly have now.
18-24 year old’s have been tik-toking about Robinhood. The app is popular among young, first-time investors, as evidenced by its game-like interface. A flying confetti animation pops on the screen whenever you make a trade, and Robinhood sends you to push notifications when there are updates in the market.
And now everyday traders have been using Robinhood to invest in GameStop and AMC after gathering and chatting online in forums like Reddit’s r/WallStreetBets and to sink the short-sellers betting against the soaring prices.
Robinhood is a commission-free trading platform, meaning users can invest in stocks, cryptocurrencies, ETFs, and other vehicles without going through a traditional brokerage.
Why would you choose Robinhood to invest over a traditional brokerage firm? Do you think that Robinhood lures novice investors to use their app that should learn more about how the stock market operates instead of financial planning for their future?
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Young people may chose this method of investing for various reasons, one of them being that is more simple and no broker is standing between you and your money. This service attracts people with the promise of quick cash instead of a well stablish strategy mainly becouse that benefits Robinhood both directly and indirectly.
Why would you choose Robinhood to invest over a traditional brokerage firm? Do you think that Robinhood lures novice investors to use their app that should learn more about how the stock market operates instead of financial planning for their future?
I would choose Robinhood over traditional brokerage firm because there is commission fee and it is more simple to understand using the app. I think that you should never stay in the same spot for too long and that one day you should learn more about the stock market and advance yourself more in that aspect.
People nowadays are so easily convinced to the media especially the gen z. So of course many young people would be so easily influenced to use robin hood compared to a traditional brokerage firm. I feel like robin hood attract more day traders compared people that invest into stock for a future benefit.
this might be an easier way to invest as a young adult. most people will be easily influenced to use robin instead of other company.