Does anyone have further information about robinhood?
From what I can tell it is a commission free brokerage that plans to make money on margin lending. It's mobile only so that's how they plan to keep costs down. Hopefully it won't go the way of Zecco.
What could be the downsides? I can see it being an issue for uniformed investors or people trying to time the market, but for those whose assets are minimal (making the commission fee a larger percentage cost) this could be a big win.
From what I can tell it is a commission free brokerage that plans to make money on margin lending. It's mobile only so that's how they plan to keep costs down. Hopefully it won't go the way of Zecco.
What could be the downsides? I can see it being an issue for uniformed investors or people trying to time the market, but for those whose assets are minimal (making the commission fee a larger percentage cost) this could be a big win.
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