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by rrrrrrrrrrrryan
1963 days ago
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100% agree. The $5 - $10 commissions that existed forever are still a great deal if you're moving around serious amounts of capital and it gets your order fulfilled a few pennies cheaper, but when you're only trying to purchase a double-digit dollar amount of stock, they're ridiculous. I really do believe Robinhood is a net positive in the world because it has provided the lower classes the ability to more easily buy a small sliver of the means of production. Most people lose money when they first start trading and investing. A lot of people are going through that the first time right now, but losing money in the market is the first step to making money in the market, and eventually I think this commission-free environment (paired with approachable apps) will build a great deal of financial competence among the general population. |
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