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
And all the day traders I spoke with, they're relying on social media.
They're relying on message boards like Reddit and
and some of these other ones that are out there.
They're relying on chat services like Discord to talk about these trades.
So it's all these internet-enabled tools, but they've all been updated over the last 20 years that just really making day trading accessible to anybody that has the money to do it.
Robinhood has been, a lot of people have pointed to Robinhood as being sort of the real catalyst for a lot of this happening.
Robinhood, when it came on the scene in 2012, they introduced a platform that didn't charge commissions.
They made it possible for anybody who was 18 or older and could open an account
They can trade, they can buy and sell stocks all at the click of a button.
And Robinhood, you know, did something also very novel in the sense that anybody who joined got a free stock.
So, you know, Robinhood has seen an explosion in growth.
I mean, they're at 13 million users since their founding, and they gained just 3 million of those in the first three months of this year.
And it's a real testament to the fact that Robinhood has made an app that, you know, for a lot of people, they describe as really easy to use, slick, informative.
and better than what some of the competition has put out there so far.
So that's been an open debate amongst the financial industry right now.
You know, as I said earlier,
Retail investors are taking up about a fifth as much as a quarter of all market activity on a day to day basis.
But the debate's really happening around what is the overall impact that these investors are having.
You're seeing on the margins, say, some impact across the broader market, but for the most part,
people believe that institutional money is still driving the S&P 500.
Showing 361–380 of 1,567 · page 19 of 79
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