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by JumpCrisscross 2163 days ago
> stock ownership and investment is unquestionably a good thing, when compared to money sitting in a bank account

Agreed. But cash in a day trading account at the hands of an inexperienced trader has a lower expected return than that bank account. Particularly if they’re trading options.

The net effect of Robinhood is we’re training a generation of investors with self-destructive habits. It’s possible to use Robinhood responsively. But its UX is antagonistic to that use pattern.

1 comments

> The net effect of Robinhood is we’re training a generation of investors with self-destructive habits.

When they lose a lot of money for the first time, won't they unlearn this training?

I think it's unlikely people lose all their money trading on RH and take the lesson "Better trade more responsibly next time", more likely the lesson is either "Next time I've got to be more aggressive" or "I'm never putting money in the stock market again".