$Robinhood (HOOD.US)$ When a new brokerage firm syphons off ...
$Robinhood(HOOD.US$ When a new brokerage firm syphons off an entire generation of young investors like Robinhood has then you wonder what the existing brokerage firms were thinking.
HOOD is the future and today was a great day to start buying.
All those young investors are going to be middle-aged investors in ten years with good jobs and inheritances from the boomer generation.
The transfer of wealth from one generation to the next is beyond anything that has happened before. The average home is now around $350,000 and the boomer households have above-average real estate holdings.
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Aaron_Kelly : All those you g investors are about to go broke and likely won’t look at a brokerage account for another 5-6 years
wild horse : Many young investors got screwed when HOOD determined what the investor could do with their own positions. Those customers got sold out for the hedge funds. I can't see any reason for customers to stay with HOOD except not wanting to do the work to transfer. Never gave HOOD money, never intend to.
ceerup : The concern I would have is that as young investors mature, they may migrate to more mature, serious platforms with more sophisticated features like IBKR or ToS.