If people want to "day trade" that's fine. They probably won't go broke doing it and will eventually realize it's not a long term plan.
Options though, you can go broke playing around with them in a very short time.
But hey, if some hipster app can get people to save for the future instead blaming their debts on everyone else, that's a good thing. It seems Robinhood is more for the younger crowd.
https://techcrunch.com/2020/02/20/ro...tanley-etrade/While Robinhood might have more than 10 million accounts versus E-Trade’s 5.2 million and Morgan Stanley’s 3 million, E-Trade’s average account size is $69,230 and Morgan Stanley’s is $900,000, while a survey found most of Robinhood’s held $1,000 to $5,000.
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