What am I doing bothering to write about Robin Hood, the app that allows for free stock trading? Because, as I have shown time and time again in my history, I can’t stop paying attention to what is coming down the pike. It is like I am strapped in or that part of my consciousness is hard coded. I will go into this elsewhere. On to the significance of Robin Hood…
So, why should the average person pay attention? I will be brutally honest. You can make money off of it. You could lose money too but the potential for you to make is higher than the potential to lose if you are not stupid. You have to be realistic about the amounts and that is difficult for a lot of people to get their heads around because they often can’t stop themselves from eating a whole candy bar when they are physically satisfied with half of it.
What do I get out of popularizing it? I don’t get anything yet. Not until my popularization reaches beyond my tight circle of family, friends, and acquaintances. Most of my circle of that type could care less what I think about this stuff. Ask them if you think they do care, you will see in their responses. So, I really do want to gain but I don’t want my whole life to revolve around using it and talking about it. I would rather talk about what could potentially be good investments. I don’t think that a good investment has to start on Wall Street or Silicon Valley. Stocks can go viral sustainably if they have a certain structure behind them. If the structure is not in place, then they are just pump and dumps. I don’t hate the OTC Pink penny stocks or other exchanges besides the mainstream exchanges but Robin Hood will be a place to start with mainstream stock buying and you can carry that learning experience to other methods of investing or other exchanges.
Why listen to me and not someone else on the net? No reason, really. I just haven’t found any straight shooters talking about Robin Hood yet. It is talked about in a lofty way, in comparison to TD Ameritrade, Etrade, Scotrade, Schwab, etc. Usually its competitors charge between $5 and $9 a trade. That would be double for a round trip trade which is a huge barrier for anyone to enter the market for any reason.
God do I hate real estate investing. I hate it so incredibly much you have no clue. If I never would have left the US when I was 23, I would have been just fine with it and thought it was just part of the “American Experience”. I wouldn’t have looked at it as a rite of passage and a measuring stick with which an average citizen should be judged like a majority of dumbass “Americans”. You honestly have to be braindead to not understand how you can gain from buying a house if you know a thing or two about restaurants and location, location, location.
I am still doing OK since February with my initial investment of $500. That is 10% before the end of the year now, as of 10/7/17. A lot of people may expect more than 10% from a $500 investment in this amount of time but I am content with it. I can totally understand how handing off $500 to a relative that is a junior in college may be a better investment but bear with me. I suppose you could put it in a bank…Millennial humor.
I am still not ready to say which stocks I have this spread into. In many ways it is irrelevant because the indices keep climbing unrealistically. One is sort if a US based bear market fund bet and the other is a fund that is pinned to US indices but it is managed by a foreign bank. I have been playing with ETFs since 2013 and they are in that ballpark.
This is all I will say for now. .38 Special is on in the bar I am in right now. Maybe that is a better investment? You tell me. I am looking for some discussion but I have heard that gunfolk do not like to write in blogs.
