over 1 year ago • 4:47 mins
Here’s a not-so-fun fact: 70-75% of today’s retail traders lose money. That should be surprising, but it isn’t: beloved brokers like Robinhood are designed to make their customers trade frequently, even if it means making them trade badly. But if you’re wise to their games, you won’t just be among the esteemed 25%: you’ll actually be able to capitalize on everyone else’s bad habits.
Robinhood – and other neobrokers like it – wants more people to trade, and all those people to trade more. That’s what their revenue depends on – not how well those investors actually perform. And it’s figured out two ways to do it: by making trading as cheap as possible, and by making their apps simple, fun, and addictive.
The first part was easy, with Robinhood p
But there’s a risk of a rude awakening. So Stéphane says you might want to approach the latest stock rally with caution.
The global investment firm has updated its outlook for 2023. So Stéphane’s taken a look at how it sees things going and what you can do to prepare for it.
Big fund managers and retail investors alike are starting to see its beauty, but as Russell notes, you can still buy this long-shunned asset at good prices.