I made this up a few months ago explaining why I'd place Fidelity as best: https://www.reddit.com/r/personalfinance/comments/goa7ci/could_someone_give_me_a_more_detailed_breakdown/freq2sp Edit: and why Schwab would probably be 2nd.
The app is not reckless behavior, it’s the person behind the app. If you give the app to the type of person who researches investing and picks stocks for long term gain, I don’t see how that’s reckless.
I made this up a few months ago explaining why I'd place Fidelity as best: https://www.reddit.com/r/personalfinance/comments/goa7ci/could_someone_give_me_a_more_detailed_breakdown/freq2sp Edit: and why Schwab would probably be 2nd.
Wow this is great, love the detail
I like Robin Hood if you’re doing quick trading on an app.
True that, it is very convenient
It's also a very reckless investment behavior that is proven to severely reduce your returns.
The app is not reckless behavior, it’s the person behind the app. If you give the app to the type of person who researches investing and picks stocks for long term gain, I don’t see how that’s reckless.
Robinhood is designed to encourage frequent short term trading (i.e., reckless behavior)
Depends on how you use it, but also a valid point