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TaoWarrior

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Tuesday, July 27, 2021

The United States government has sold the only copy of the Wu-Tang Clan album "Once Upon a Time in Shaolin," which had been seized from convicted pharmaceutical CEO Martin Shkreli after he was sentenced in 2018. read more


Friday, July 16, 2021

Wondering whatever happened to your $125 from the Equifax settlement?


Thursday, May 20, 2021

The state would dip into federal unemployment supplements to pay people on unemployment a $1,500 bonus to take a job under legislation released Thursday at the statehouse. read more


Comments

#10

You aren't wrong, however since I'm pretty strongly libertarian if people want to risk their money that is their business. Robinhood has pretty large disclaimers when you start, and when you do any new type of trade eg. options, that you can lose money doing this and only do it if you know what you are doing. The fact that you can just click the warnings away and be a smooth brain ape is kind of a plus in my book. Too many services want to nanny you and charge you a fee to be your nanny, for some people that is good, but some people want to cut the apron strings. If you don't know that the stock market has risks and using options or leverage increases the risk you shouldn't be investing but that is neither mine, nor an apps place to determine. I frequently do limit orders set to extended hours there is a big ole' warning when I do that about the increased risk of volitility doing that. However I figure if I decide I'll pay X for a stock and it nose dives after hours and the order triggers but it keeps dropping well I felt the stock was worth X I'll either hold until it comes back or I'll panic, sell, lose money. My choice, I determine my own risk tolerance.

#14

There are a couple out there besides Robinhood but at this point my account isn't large enough to make transferring really worth it and too large to take the tax hit selling and moving. I have heard some will pay transfer fees for you and maybe some day when I have some time I'll look into it but honestly I don't get what the hate is about Robinhood it pretty much does exactly what is advertised and is very easy to use.

This winter when I start bringing in extra money again I'll probably look at just opening a second account with another service and TDAmeritrade is already on the short list along with WeBull and Fidelity. Maybe I'll open a couple with a bit in each to play around then after a year or two migrate to whichever I find suits me best.

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