Some behavioral researchers say the app’s simplicity encourages novice investors to take bigger risks
As millions of new traders sign up for the investment app Robinhood, the company is facing scrutiny for enabling some inexperienced users to make risky bets. WSJ spoke with a financial-education professional and two Robinhood traders about how the app is shaking up the brokerage industry.
4BetterOrWurst Yes inexperienced guys are risking it and it's not a really good thing
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4BetterOrWurst I find this narrative disturbing. While the UI and trading information should be better defined on the app, RH users have done some creative stuff bucking trends and allowing for retail investment to be mainstream. This is just gate keeping,“stocks are only for rich or smart ppl”
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4BetterOrWurst As a Robinhood investor I couldn’t disagree more. I thank Robinhood for simplifying and thoroughly explaining my actions. Great App. But I can see where this guy is coming from, on some of my RH forums, some investors are literally clueless. But, so one on TD Ameritrade!
4BetterOrWurst Super interesting stuff. Inspired me to write about it
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4BetterOrWurst So what? When did people become not free to do what they want with their money?
4BetterOrWurst Lol. When the establishment turns your money into monopoly people tend to play with it that way.
4BetterOrWurst Reminds me of how the darned dialing device simplified things and was bad! Change bad!
4BetterOrWurst It's fine. They are young, stupid and have a long run time frame to hold the bag. We need to cash out to buy yachts & retire.
4BetterOrWurst You needed research for that? It s the easiest app to use out there. No wonder so many inexperienced investors use it and take big risks.
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Source: CNBC - 🏆 12. / 72 Read more »