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
That is, if you buy like one of those target date mutual funds that has a portfolio designed for somebody who doesn't need their money until the 2040s or 50s or 60s or whatever, you'll pay a percentage fee.
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fee on that essentially.
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The same goes for a lot of the robo-advisors like a Betterment.
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They will charge you a percentage of their assets.
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Robinhood doesn't do that.
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And so Robinhood will monetize it in basically the same way that it does with its other trading accounts.
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The primary way that they'll make money will be through the payment for order flow, which is when you trade, Robinhood sends that through third-party market makers and Robinhood gets some compensation for that.
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Definitely.
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If a Robinhood user is used to coming to Robinhood to do their sort of speculative, maybe fun saying, you know what, I've got some money.
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I don't absolutely need this money.
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I'd like to take a chance and make some investments and see what happens in the future.
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That's mostly not how people would approach this.
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their retirement, right?
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They want at the least to preserve their capital and hopefully grow it reasonably over time, but they really don't want to risk it.
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And so both for certain customers and for Robinhood, it's going to be a different emphasis than it's been for some of their other customers in the past.
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Absolutely.
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And in the brokerage business, the value of a customer, especially nowadays when people
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There's no commissions.
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A lot of products are offered for free.
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Those things are all done basically as a lure to get people to bring more and more of their money to that provider and to leave cash with that provider, to leave longer-term assets with that provider, to use other kind of planning and other services.
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Showing 301–320 of 656 · page 16 of 33
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