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Comments on “Robinhood”
Posts » Robinhood » Comments » Comment
Neil Thanedar@neilthanedar · CEO, LabDoor
I've been following Robinhood closely, so it's great to see it here. However, my thesis in this space is that *fewer* people should control their stock portfolios, and that the best way to "change the world of personal investing" is to get more people on services like Wealthfront. @howardlindzon (and others): Convince me that more people should control th… See more
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Scott Weiner@brandwagon · Founder, ClosingBell
@NeilThanedar @howardlindzon Robo-advisors aren't designed to beat the market. It's risk-adjusted market matching returns. I personally feel like an astute investor would do just fine stacked up against these companies and have a much better chance of outperforming them with a small basket of stocks. I also think this is true if you compare individual invest… See more
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Neil Thanedar@neilthanedar · CEO, LabDoor
@brandwagon @howardlindzon But that's exactly my point. I don't believe that I can consistently beat the market, and so I instead want to "lock in" market matching returns on Wealthfront and spend the time saved on building my own company, where I expect to beat the market by orders of magnitude. Wealthfront solves this problem for me, but they also solve a… See more
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Scott Weiner@brandwagon · Founder, ClosingBell
@NeilThanedar @howardlindzon then I would say its a perfect service for you. For the people using Robinhood, this is something they enjoy as well. For me, I'd like a little of both. Over several years, I did pretty well though with the buy and hold strategy on a handful of stocks. You could of course just buy $SPY and avoid those bigger management fees.
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howardlindzon@howardlindzon · stocktwits, Social Leverage
@NeilThanedar @brandwagon i am a wealthfront customer too...so yes should be on my list and I need to expand it.
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howardlindzon@howardlindzon · stocktwits, Social Leverage
@NeilThanedar thats insane...thats like saying more people should not learn a global language. and yes wealthfront is awesome, so is vanguard
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howardlindzon@howardlindzon · stocktwits, Social Leverage
@brandwagon @NeilThanedar you are missing point that the engine of robinhood and community of a stocktwits allows for education and a true shot at trying at least to not beat but trounce the markets for those that would like to try and do it.
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