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Comment by kaycebasques | Hacker News Reader

Robinhood provides commission-free trading on every stock and ETF. This is huge for small-time retail investors like myself, who want to incrementally buy up positions on a monthly basis. I agree that cryptocurrency trading can potentially end badly, 1929-style, but I also give kudos to Robinhood for increasing competition among brokerages to make small-time retail investing less costly.

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Sure. But maybe when the market hits $10tn. Every cryptocurrency in the world combined is worth less than Facebook.

Great, I'm glad it works for you. I'm mostly concerned about the UI, which promotes frequent trading based on hype, and their advertising. Supporting cryptocurrency seems to be another step away from promoting sound investing for retail investors.

We're at the top of the market. Their capitalizing on that. Bad investors will make bad decisions on any platform. When we hit a recession, all these people will pull out just like any other recession. We'll see them back 7 years later.

What would be even huger is commission-free trading only for index funds, or even a commission-free roboadvisor.

You can get a no fee roboadvisor with Charles Schwab right now

Schwab does have a 6% minimum cash allocation which afaict they pay ~0.15% on. If you could have invested that at 10% nominal returns you're paying 0.591% in opportunity costs.

the fees are tucked into their allocation strategy. they hold no less than 7% in cash for all strategies. They claim it smooths out returns but it's not desirable and can limit returns https://thefinancebuff.com/schwab-intelligent-portfolios-hol...

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