Comment by NelsonMinar
2 months ago
Note this article isn't about investing, it's about gambling.
It doesn't mention Robinhood's role in promoting addictive gambling behaviors. How much has it changed since this 2020 article? https://www.nytimes.com/2020/07/08/technology/robinhood-risk...
> After funding his account with $15,000 in credit card advances
Wow. Stop right there.
Young people can take risks that seem crazy to us older folks, because they have way more time to recover.
If you leverage invest early in life, even if it completely wipes you out (once), you can leverage your way back into money.
Well, it’s harder then you’re letting on if your leverage costs 20%+.
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