Dot.@feddit.org to Technology@lemmy.worldEnglish · 1 day agoRobinhood admits it’s just a gambling app.www.theverge.comexternal-linkmessage-square76fedilinkarrow-up1522arrow-down112
arrow-up1510arrow-down1external-linkRobinhood admits it’s just a gambling app.www.theverge.comDot.@feddit.org to Technology@lemmy.worldEnglish · 1 day agomessage-square76fedilink
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up9·18 hours ago 90% of users lost money while trading the end result is very much the same
minus-squareRai@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up5·15 hours 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-up3·15 hours 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-up4·8 hours 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-squareVerat@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-213 hours 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.
Same, looks like I’m not part of that 90% either, only 4 years account age here.
Heady!