Jason Zweig
speaker
906 appearances
17 recordings
1 series
first heard Jan 2018
last heard Sep 2022
Jason Zweig’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Robinhood Trading App: A Seasoned Expert Puts It to the Test · 11 Dec 2020
podcast
a tiny fraction of a share.
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So the marketplace is very competitive.
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And I think what Robinhood is really great at is making trading easy and fun.
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And if you're a high school student or college student, very young person thinks that the stock market is boring and I would never participate in that.
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There might be maybe some virtue in making it seem appealing this way, but the danger is that you can overdo it.
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I don't think it's a good idea for people focused on long-term investing to be getting constant alerts about how their holdings are doing.
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And you can adjust that on Robinhood, and that would certainly be advisable for people.
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So I think something that's important for people to bear in mind is that, you know, technology, financial technology like brokerage app on your smartphone.
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is just a tool.
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And like any tool, it can be used to make things better or to make things worse.
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I mean, you can build furniture with a hammer and you can break furniture with a hammer.
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And you can make yourself wealthier with a brokerage app and you can make yourself poorer.
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And a lot of it depends on the interaction between
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of your personality with the technology.
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And if you use it to bring out the better aspects of your personality, then that's a great combination.
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But if you let it accentuate the worse aspects of your own behavior, then you can quickly get in real trouble.
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I didn't lose too much in the end.
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I had a few winners here and there, along with a lot of losers.
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And I ended up losing $5 over the course of the three weeks.
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But some of that was because I was a little unlucky on when I entered some trades.
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