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60 sats \ 9 replies \ @grayruby 1 Jan \ on: Why I think Robinhood (HOOD) is a good stock to own over the next 20 years Stacker_Stocks
I get robinhood is popular with younger investors and is an easy and user friendly way for people to start investing but do you think the product is sticky enough that when these investors get older they still use it?
It depends on the products they bring to market. I think so the other mobile investment apps are just terrible. But that’s why I think they can fall short of their growth. It’s easy for people to switch .
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I was a power user. Then I deleted it in protest of them during the GameStop event. But after using other apps it just wasn’t as user friendly so I came back and I enjoy the platform.
Like they do bitcoin very well. The fees and the market price are transparent. They announced they were going to add the lightning network during the 2023 bitcoin conference (it may have been the 2022 one) but it’s still not available yet.
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One thing I would be interested in potentially is using it for is options. I don't have a tradfi options account anymore and they are a pain in the ass. I hear it is very easy on Robinhood.
I wouldn't do it now but during the next bitcoin bear market I wouldn't mind buying some long dated calls.
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Yeah Robinhood makes buying and selling options very easy. That is another reason why I went back to using Robinhood. Trying to buy and selling options on fidelity was very confusing for me.
Why would you return after the GameStop incident? Aren’t you concerned that such a thing could happen again?
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