I’ve never used that app before but certainly hear a lot about it. Your analysis sounds accurate to me. It’s important to recognize that it’s not a bug but a feature; it was designed to make them money (not the consumer). Behavioral economics at it’s worse.
Great article and putting it in layman's; I like the comparison to the lottery. I shared this with my younger sister as she was recently asking me about Robinhood and how to start investing. I told her to buy and hold, which is tough when you have an app to easily check your gains/losses 10x a day.
Enjoyed article. Wish you would have covered crypto as lots of people buy Crypto on Robinhood. Some recommend having 3 to 5 percent of portfolio in crypto.
I’ve never used that app before but certainly hear a lot about it. Your analysis sounds accurate to me. It’s important to recognize that it’s not a bug but a feature; it was designed to make them money (not the consumer). Behavioral economics at it’s worse.
Great article and putting it in layman's; I like the comparison to the lottery. I shared this with my younger sister as she was recently asking me about Robinhood and how to start investing. I told her to buy and hold, which is tough when you have an app to easily check your gains/losses 10x a day.
Enjoyed article. Wish you would have covered crypto as lots of people buy Crypto on Robinhood. Some recommend having 3 to 5 percent of portfolio in crypto.
Great communication Daniel and analysis. Keep it going!