And Robinhood becomes even more of a gambling app than it already was. This is not investing.
EDIT: Sure, you can call it investing. But I would say it isn't sound investing.
EDIT: Sure, you can call it investing. But I would say it isn't sound investing.
The act of buying a security should be easy, but the thought that goes into that decision is MUCH more important. They trivialize this aspect of investing in their advertising and app, which I believe is dangerous for the retail investors who don't know better.
That's all the app is. The purpose of the app is not to be your all encompassing trading platform. It's a simple way to buy and sell securities.
I don't quite understand why saying that cryptocurrency investment is highly speculative requires me to offer "zero-risk" investments. You know as well as I that none exist.
The word you’re looking for is “gambling”, which is a meaningful difference. This isn’t just pedantic - the word “speculate” has a well-established definition in financial jargon, and altering that definition clouds discussions that could benefit from precision. Moreover, it implicitly puts “Real Investing” on a pedestal of responsibility and financial acumen, while dismissing the utility of speculation.
Sometimes people try to differentiate between speculation and investing by restricting their definitions to high risk trading and value investing, respectively. But in real world investing, it is extremely common for people to “invest” their money in vehicles which are “speculating” on securities of various types.