Comment by kjkjadksj
8 hours ago
Yeah everyone likes to throw a stupid little comment at Robinhood but come on. My parents did not invest outside their 401k. My grandparents actually stuffed 20k in their mattress, must have been pretty good money when they put it under there.
We are approaching the first couple years of this country where investing knowledge has actually proliferated out of the country club. It is a huge shift in the tide but no one wants to talk about it, if only to make a jab at robinhood perhaps.
The rise of low/no fee brokers is a fantastic advancement for the reasons you cite. Robinhood gets grief because it tries to drive people to trade often and take riskier bets when the long-known wisdom is that accumulating wealth requires patience and diversification.