A lot of the major brokerages went to free trading in 2019. Vanguard held out for a while and still kept it's $7.00 fees, but finally gave in too. I have seen RHers mention the less intimidating and user-friendly interface of RH for their use of it. It does make things very easy, intuitive, and "fun."@Susan L. wrote:
The big difference with Robinhood app is it allows customers to trade with no transaction fees. That has attracted lots of new, small investors/players to the financial markets, who no longer have to pay $4.95 to $9.95 per trade.
"Stimmy" checks + quarantine led to a lot of kids trading stocks in 2020. It's crazy how young they were...10-13 year olds. Although, I actually think it's great if they're learning something.@ wrote:
BTW, without fee-free companies like RobinHood, the Gamestop action probably would not have happened.
(Actually, the action also needed help from reddit boards to spread the information, and covid-bored people isolated at home with a few dollars in their e-pockets...)
Is there a market for dirty table cloths? I'm looking to sell mine! I only ask $50 a piece.@ wrote:
London (CNN Business)Ken Goldin has sold sports trading cards for four decades. What happened earlier this month still shocked him.
In early February, a Michael Jordan rookie basketball card in pristine condition sold for a record $738,000 at an auction run by Goldin's company. The kicker? The exact same item went for nearly $215,000 just weeks before . .
The spike in prices has caught the attention of a wider class of investment professionals, flush with cash following unprecedented stimulus measures from governments and central banks. Rock-bottom interest rates have also made it harder to find lucrative investments, bolstering interest in creative alternatives.
eta: In other news, 28% of Americans bought GameStop or other meme/viral stocks in January: [finance.yahoo.com]