Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Robinhood Is Easy to Use; Does That Make It More Risky? · 21 Aug 2020
podcast
There's a lot of information being thrown at you.
There's a lot of clutter.
And it can be very overwhelming for an investor, especially a first-time investor.
So having this simple interface, having something that it's easy for a user to jump into and start trading and to get familiar with what they can do with the power of investing in stocks and other types of securities, that's all very much a positive that some of these experts did discuss.
But where the downsides come along is that
If traders are just trading because it's fun, it's a neat experience, and it's easy to do, there's a lot of research that has shown for decades now that the more frequently a person trades, the more likely they're going to lose money in the longer term.
Really, the old adages that Warren Buffett and others routinely say in terms of buying and holding securities, the research really does show that that is a sure bet way to make money long term through
long-term investing.
Robinhood says that it's a self-directed brokerage.
So what that basically means is that they're not making any recommendations on what users should be buying or selling.
They're just laying out all the options in front of them and that users ultimately make their own decisions.
They also made clear to us through several different conversations that from their perspective, that there are differences between
Gamifying an app and trying to use the latest cutting edge technology to make trading more accessible.
So, you know, on points like, say, the confetti, for example, you know, they really do feel that it's worth celebrating the fact that somebody deposited money to make their first trade and then follow through and made that trade.
So they feel like that they want to be part they want to be part of the investors experience as they grow into the market, as they celebrate, you know, these various achievements as they go.
So, you know, for Robin Hood, they look at it all as is that they're moving closer to fulfilling their mission of making sure that anybody who's over the age of 18 can invest has the opportunity to do so.
The fact that there is the cost of entry into this is zero, that you can just buy and sell stock and whatever you gain, you gain, and whatever you lose, you lose.
You don't have to worry about any of the fees.
That's been one of the biggest draws.
Day trading is a more aggressive form of investing where those people are trading in and out of stocks on a daily basis.
Showing 301–320 of 1,567 · page 16 of 79
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