Telis Demos
speaker
656 appearances
10 recordings
1 series
first heard Jun 2018
last heard Dec 2024
Telis Demos’s voice in public audio — every appearance, attributed to the second.
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Appearances
Robinhood offered commission free trading.
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Now, most brokers have copied that model, but Robinhood seems to have retained, among many people, a reputation of being a place to start your journey individually.
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So Robinhood has always had a pretty young audience, probably relative to other brokerages.
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It says that its median customer age was 33 as of earlier this year.
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And that's got to be on the younger side for that industry.
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First of all, they're offering a match to when you deposit money into that account.
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The aim there is to appeal to people who maybe don't have the kinds of jobs where they're getting 401k matches from their employer.
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And so younger users, people who are still at the very beginnings of their careers, maybe they're doing gig work and things like that.
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They can then feel like they're participating in the type of retirement program that older workers have gotten accustomed to.
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There's two main ways.
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One would be to just deposit cash into that account and then start investing it.
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Or you could bring over a portfolio of investments from another broker.
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That's pretty common.
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Many people might have experience with rollovers.
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Maybe they change jobs.
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They roll over 401k into another retirement account at a different provider.
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Robinhood will offer the same investment.
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And in addition, they're also offering a match on those rolled over accounts, not just the new money that you deposit.
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They're hoping that will entice people to come bring their business to them.
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A lot of retirement providers might charge a percentage of assets.
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Showing 281–300 of 656 · page 15 of 33
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