Stock market addiction

never heard of it.. I use TD Ameritrade. I hear Vanguard is also good. robinhood is sketch, webull i know exists but dunno past that. Thats just for the US

Etoro seems to be popular here, but looking at their rewiews it's stinks of hot garbage, apparently their servers crash constantly, they lock out buying when there's a really good opportunity and charge a lot of tax when transfering money to your accounts. Their ads are also annoying as hell and i get them constantly.

Not sure what you mean by Robinhood not covering shit? Robinhood like any other brokerage is covered by SIPC insurance. SIPC covers up to 250k in cash. Maybe you're not talking about insurance coverage? Unless you're referring to Robinhood not having enough cash to cover the gamestop trades? If that's the case. Then pretty much every other brokerage is also shitty. As almost all retail brokerages limited or halted gamestop shares. From Ameritrade, E-Trade, Fidelity, Robinhood eToro Charles Schwab etc. Now Robinhood certainly isn't a saint. Robinhood is shit. Robinhood sells users trading data to HFT firms. But the thing is. Other brokerages also sell your data. So other brokerages can be just as shitty as Robinhood. @reisenpai66 https://www.thestreet.com/.amp/investing/robinhood-ameritrade-online-brokerages-gamestop-amc https://i.ani.me/0299/5857/screenshot_20210417-012158_2.png https://i.ani.me/0299/5853/screenshot_20210417-012322_2.png

Just as Banks hold the average Joe's money. Banks are heavily regulated. Brokerages also hold the average Joe's money. Which also make make brokerages heavily regulated. It is very unlikely that you'll see a brokerage like Acorns, Robinhood, Charles Schwab, TD etc just run off with your money and disappear. That would be massive fraud to the nth degree. The full force of the American Justice department would come after them. It is certainly not impossible that one of these brokerages is a complete sham. One that will just poof out of existence with your money. No, that's not impossible. Crazier shit has happened in this world. But I would put the likelihood of that happening. As likely as Wells Fargo, Chase, Chime or any other bank just poofing out of existence with your money. Certainly not impossible. But very highly unlikely. I guess that kinda answers your question. @pandus

@a1ephy no i meant if acorns was safe enoigh for me to give them my social. Idc about the money my social is worth way more than that.

@a1ephy I day traded GME with 0 issue. The issue is that when a stock becomes volitile, they require more money to cover the cost.. during GME shit, robinhood didnt have that money. They're still a new company after all.

All brokers ask for your social. Every broker has to comply with the Patriot act. The government doesn't want terrorist buying stocks (weird I know Lol). I don't think acorns or any other broker is going to sell your social. Unless your worried about acorns getting hacked? But then again. Your bank has your social as well. The IRS has your social. If those get hacked. There goes your social. That's risk of doing business online Pandus. From any broker. Your social could be yeeted online for everyone to see. Could it happen? Probably won't happen, but not impossible @hell_hound7 Based of your own anecdotal experience. There was no issue on TD ameritrade. Your singular experience can then be generalized to every other user on TD ameritrade, ofc. Under that same logic. There were also reports from Robinhood users that didn't have trouble actually buying GME. From their singular Robinhood experience. It be generalized to every other Robinhood user. There was also no problem on Robinhood as well. Yeah no, just because you or somebody else didn't have issues on that platform. Doesn't mean that every other user didn't have issues. There were multiple reports from multiple news sources. In which practically all brokers restricted trading. Users on reddit also confirmed the reports. One user couldn't buy on one broker. They went to another broker. They couldn't buy there as well. To be quite frank. It wasn't just a broker problem. But a complete market failure. @reisenpai66

I do own some stocks but that was way before the trolls. Well, I do believe some people lost a lot of money because they wanted to play the GameStop game and joined too late. This is pretty much just the upper-middle class, middle-class against the rich. It does not benefit anything. Poor people will stay poor and rich people will stay rich, it is disgusting.

Most people are retarded and dont know how to manage money. They only know how to consume. I dont feel bad anymore. Teaching financial literacy is like teaching common sense. The one thing i will say is disgusting is how hedge funds operate or how people were shorting the shit out the market when covid hit and then went on national televsion telling people to stay indoors. (refering to Bill Ackman)