Incredibly disappointing. Have gone from "democratizing stock investing" to democratizing levered speculation, an empirically proven wealth-destroying strategy. Even using cutesy language -- "Gold buying power" -- to make margin trading more palatable to retail investors.
"Robinhood". The irony.
@jsandlund I would also say buying individual stocks is probably not something most investors should be doing.
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@jsandlund margin trading is like credit card debt, and coupled with fees and taxes on churn they would do better creating real investor education tools
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Still waiting for the expansion... This product looks so awesome though
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Hey Jack. Is Robinhood Gold available to anyone or for a select number of users who meet a certain criteria?
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Never mind. Just opened the app and started my free trial. Thanks Robinhood team for all the cool new upgrades and features.
I have been using Robinhood Gold for a few months and it has been a surprisingly great experience. My only complaint is the large gap in tiers from 12-24k.
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