https://markets.businessinsider.com/currencies/news/billionaire-investor-chris-sacca-mocks-robinhood-bros-trading-reckless-stonks-2021-1-1029928519 #tech #robinhood #robinhoodcomp #stock #stockmarket #investment #finance #retirement #delivery #faang #money #personalfinance #personalcapital
Robinhood has democratized stock trading for everyone and that comes with the good and bad. Yea, there are clueless people everywhere. Even Sacca got extremely lucky, but he's just saying don't leverage yourself with stocks/btc, which is totally fair.
I think he’s referring to people who just invest in everything with 0 DD just because they’re familiar with the name, which is a lot of RH traders.
Dude is salty he lost money. 🤷♂️ If I were him, I wouldn't mention anything. Robbinghood traders provide more liquidity and more opportunity to unload on dipshits.
Yeah , market definitely needs more participation from young investors... robinhood opened that door. Now talking about performance, large hedge funds still don't even manage to match S&P500 % return performance after charging hefty fees
Most of the top hedge funds do surpass SP500 returns.