The average person shouldn’t buy stocks at all, much less get involved in short term trading. Go to your bank, maybe find a good credit union, and talk to them about investments, there’s lots of tax free, low risk investments, designed to help middle class people do things like buy a home, start a business, save for retirement, plan for their childrens college. Until you have around $1 million saved there’s no reason to buy stocks. If you want to gamble go to the casinos.
Stock trading apps represent a convenient work around for financial regulators who would normally be issuing heavy fines and stripping financial advisors of their licenses for recommending such horrible products to their customers. Since its online they only need to provide “access to information” basically any how-to 101 guide on what stocks are will qualify. This way they can peddle equity stocks to middle class customers who aren’t really looking to invest but to gamble and strike it big like all those people who bought Microsoft at a penny share. Unfortunately that almost never actually happens.
If you were a highly paid financial advisor with tons of degrees and all kinds of fancy licenses you would be lucky to beat a simple SP500 index fund. So what are the chances that a middle class person with no financial education whatsoever would be able to beat an index fund, from an app on their phone? They wouldn’t duh, and they never do, whats essentially going on is a conspiracy theory that these wall street bankers are all keeping the good stocks to themselves. If you do some youtube sleuthing on infowars or something, you’ll find “da real troof”. Don’t trust your bank, dont trust a licensed financial advisor, no download an app on your phone and google conspiracy theory blogs vaguely related to finance and get little hints and tips and we’ll be rich. Rich as kings I tell you…
lemmy seems to be having latency issues, but I understand your reasoning. I’m just looking for an investment app that doesn’t sell my data. And I already have several assets in my various credit unions. I need an app that I can move my stock profile for dividend earnings to. I’m tired of fidelity selling my data
The average person shouldn’t buy stocks at all, much less get involved in short term trading. Go to your bank, maybe find a good credit union, and talk to them about investments, there’s lots of tax free, low risk investments, designed to help middle class people do things like buy a home, start a business, save for retirement, plan for their childrens college. Until you have around $1 million saved there’s no reason to buy stocks. If you want to gamble go to the casinos.
Stock trading apps represent a convenient work around for financial regulators who would normally be issuing heavy fines and stripping financial advisors of their licenses for recommending such horrible products to their customers. Since its online they only need to provide “access to information” basically any how-to 101 guide on what stocks are will qualify. This way they can peddle equity stocks to middle class customers who aren’t really looking to invest but to gamble and strike it big like all those people who bought Microsoft at a penny share. Unfortunately that almost never actually happens.
If you were a highly paid financial advisor with tons of degrees and all kinds of fancy licenses you would be lucky to beat a simple SP500 index fund. So what are the chances that a middle class person with no financial education whatsoever would be able to beat an index fund, from an app on their phone? They wouldn’t duh, and they never do, whats essentially going on is a conspiracy theory that these wall street bankers are all keeping the good stocks to themselves. If you do some youtube sleuthing on infowars or something, you’ll find “da real troof”. Don’t trust your bank, dont trust a licensed financial advisor, no download an app on your phone and google conspiracy theory blogs vaguely related to finance and get little hints and tips and we’ll be rich. Rich as kings I tell you…
I bought Tesla at 150 before the stock split 😀
I won $5k from a scratch off lottery ticket
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lemmy seems to be having latency issues, but I understand your reasoning. I’m just looking for an investment app that doesn’t sell my data. And I already have several assets in my various credit unions. I need an app that I can move my stock profile for dividend earnings to. I’m tired of fidelity selling my data
might be your phone itself, I never got telemarketer calls my whole life until I switched to iphone
when you start investing tons of money they sell your data to people who want you to pay them to manage your money
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