Connect with us

Hi, what are you looking for?

Opinion

Say Goodbye to the Casual Stock Market Investor

I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it is easy to use and gives a modest introduction to the casual stock market. I did not know that Robinhood would stab me in the back once I started making money. 

Here’s what happened

In case you missed it, several investing apps sided with rich hedge funds when they were trying to short stocks; these apps restricted casual stock investors from buying several “meme stocks,” including $GME, $AMC and many others. Essentially, the investment apps – such as Robinhood, E-Trade and Charles Schwab – protected hedge funds from losing billions of dollars and stopped a group of retail investors from making a large profit.

There will be a fallout.

I am a casual stock market investor; I don’t have much money parked in it. And now that I have seen what happens when a little guy, like me, gets an edge in the market, I am staying away. The system is not fair and only rewards the wealthy. So what is going to happen if I pull my money from the stock market? What is going to happen when other casual investors pull their money as well? Many of us feel these platforms have betrayed our trust.

Switching to other investment platforms

It is still smart to invest in the stock market. Long-term investments allow your money to grow with inflation. But if the casual stock market investor doesn’t have trusted platforms to let them participate, what is the solution? Less popular platforms such as TradeZero haven’t restricted anyone from buying stocks or cryptocurrency throughout this entire process. So, we could see our abused consumer base flood to those platforms while they are trying to take on the “Goliath.”

Moving from stock market to real estate

In the end, I still think a lot of people will be pulling their money from the stock market and parking it in real estate and other investments. There could be a bubble popping soon. 

7 hours ago
Why Big Media is Bad for Democracy - https://t.co/LDQWoQmukp
8 hours ago
It’s #MensHealthWeek, and it's important to talk about men’s mental health this week. https://t.co/OMrUWTMVWm
9 hours ago
Why Are Travel Expenses Breaking the Bank? - https://t.co/g6avBTuXlZ
10 hours ago
#Californians are recalling Gov. #GavinNewsom because of how he handled pandemic restrictions. Here’s a look at how CA lost people to states such as #FL and #TX in the past year.
https://t.co/4wZqfJSeAu
11 hours ago
Still Can’t Find the New PS5 and Xbox? A Game Console Shortage Is Upon Us - https://t.co/EZ18TIjY4P

You May Also Like

Politics

It’s almost been a year since the statewide lockdowns began to spread across the country. Since then, qualified Americans only received one stimulus payment....

Business

Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Life

Whether it be good or bad, romantic relationships have taken a turn for everyone during these times. Studies show that marriage and divorce rates...

News

With many people crossing through the southern border, the concern regarding COVID-19 passing from country to country is at an all-time high. FEMA administrator...

Copyright © 2021 Bold TV. Bold TV is owned and operated by GenBiz Inc. a 501(c)(3) non-profit organization.