Dot.@feddit.org to Technology@lemmy.worldEnglish · 24 days agoRobinhood admits it’s just a gambling app.www.theverge.comexternal-linkmessage-square89fedilinkarrow-up1570arrow-down113
arrow-up1557arrow-down1external-linkRobinhood admits it’s just a gambling app.www.theverge.comDot.@feddit.org to Technology@lemmy.worldEnglish · 24 days agomessage-square89fedilink
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up10·23 days ago 90% of users lost money while trading the end result is very much the same
minus-squareRai@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up5·23 days agoDamn, I’m up over 100% since I downloaded it seven years ago. Thank you, ETFs and tech companies I dig!
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up4·23 days agoNice story, bro. I’m also up, more years, not Robinhood. Then you glance over to Wallstreet Bets, they are the direct opposite on the curve. Yet still almost everyone loses money on exchanges, for various reasons which I don’t want to spend time writing up. But market has been irrational for many years, with no signals of slowing down.
minus-squareGigasser@lemmy.worldlinkfedilinkEnglisharrow-up5·23 days agoI mean, I feel most people who lost money were doing “options trading”, basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up1·23 days agoThats… what Robinhood doesn’t advertise, and (at least used to) always buys options by default. So fuck Robinhood. Where is the app that has only one button ‘Buy ESG’?
minus-squareVerat@sh.itjust.workslinkfedilinkEnglisharrow-up3·edit-223 days agoSame, looks like I’m not part of that 90% either, only 4 years account age here.
the end result is very much the same
Damn, I’m up over 100% since I downloaded it seven years ago. Thank you, ETFs and tech companies I dig!
Nice story, bro.
I’m also up, more years, not Robinhood.
Then you glance over to Wallstreet Bets, they are the direct opposite on the curve.
Yet still almost everyone loses money on exchanges, for various reasons which I don’t want to spend time writing up.
But market has been irrational for many years, with no signals of slowing down.
I mean, I feel most people who lost money were doing “options trading”, basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.
Thats… what Robinhood doesn’t advertise, and (at least used to) always buys options by default.
So fuck Robinhood.
Where is the app that has only one button ‘Buy ESG’?
Same, looks like I’m not part of that 90% either, only 4 years account age here.
Heady!