The first US based Mutual Fund was created in 1924, called MITTX. The theory was that it allows an investor to buy a broad array of stocks without having to buy 1 piece at a time.. IE it makes diversification affordable. Great idea. Both active and passive funds hold stocks which are traded by the fund’s […]
Robinhood taking from the poor and giving to the rich
Robinhood is another stock trading startup backed with heavy venture money. CNN Money states “Robinhood wants to eliminate those commissions and make trading as easy as ordering a car on Uber or Lyft.” great… just what this economy needs.Lowering the barriers to trading brings in more cheap, and dumb money. Build an App with zero […]