I disagree. Yes, an individuals need to take responsibility for themselves, and that’s why they are losing their own money. But, Robinhood is luring people to make bad decisions. Kinda like a drug dealer.
If your old enough to drink, smoke, gamble and fight wars you should be able to do whatever you want with your money even if it is loose it all. Im tired of big brother always trying to step in because "its for your own good"
I am on the side of Robinhood. If not for their app, I would not have begun investing. It gave me the courage to open a vanguard acct, and research investing more.
Robinhood made investing accessible without having a large amount of money to invest in. They've literally changed the face of investing for the little guy. Things might not seem like that now but let's be honest many companies now offer free trades, where before the was a concept never before seen
lol, nah... robinhood is 100% hype but not much substance. A. fractional trading was available prior to robinhood. B. free trades ha....that's kinda the problem free trades aren't free.. they are just obscuring how they make money for order flow. Now to be fair you could say they popularized investing for people with smaller amounts. I'd buy that argument but no one should stay with robinhood, it's easily the worst of the major brokers.
The myth Robinhood has spread is that the little guys previously had no chance on the market. When I turned 18, I opened a managed account with my savings from summer jobs. Wealth managers love young investors. My investment banker knows that, if she puts in the work, my account's commissions will be massive in the future despite being small now. Robinhood caters, as Warren Buffett explained, to the gambling instinct of investors. Speaking to people who invest primarily on such apps makes that clear.
The argument against Robinhood is the equivalent to saying casinos should be illegal bc they allow people to gamble or that soda should be taxed bc it makes people fat. If people want to risk their money, let them 🤷♀️
@@FrontierFootball while I agree let people do with thier money with what they want. I think its a bad comparison. The thing would just be like a warning lable on soda or a sign in the entrance to a casino warning of risk. If people choose after that its all good. When you have minimal information and keep blasting pings to a phone about updates its active encouragement.
yes, but they also exploit “fools”. the app literally has no fundamentals. but i also think robinhood are a very important company and have transformed the investing realm in a more positive way than negative. i see the two sides of the coin.
@@dswill3709 the large brokerages' historic $8-10 a trade fee helped to keep average Americans out of the market or limitednin their mobility. While 401ks on average make fools of users to the tune of tens to hundreds of thousands of dollars over the lifetime if the account.
@J C Damn, that's crazy. So the economy we live in doesn't offer many options for ethical consumption to most of the working class, but it's the consumer's fault because they have to work their entire lives to compete with Nike or regularly afford ethical alternatives despite Nike having MUCH more pre-existing wealth to squash it, and it's actually Nike's fault and not the person who wants the product but can't afford ethical competition?
Robinhood is where I started my stocks. But I grab and hold. So many people just don’t look into how stocks work. So everyone losses money because they pull too quick.
Tbh thats how i started an idk what im going to owe on tax day🤷🏽♂️. Lots of them i lost money, other i just change my mind an sell without gaining anything
EXACTLY. The “This is for your own good” BULLSHIT! Always being reminded of how our “free country” really isn’t so free. Full of individuals who seek to remove our freedoms “for our own good”!
At the end of the day, a person has to make trading mistakes to learn and be responsible for their own education if they want to throw their money around. I don't think Robinhood is to blame.
oh gee wow Graham! Thank you so much for making a video on this topic. I put down everything i was doing just to watch this and SMASH that like button (;
I seriously brag on your channel. “This dude is all about money and hard work. He found he could make great money on UA-cam, figured out how to do it, and does it. His videos are packed full of knowledge and some pretty good editing.” I tell all my friends to watch your videos. I appreciate all the financial help.
@@littleredpony6868 I am -20% in my diversified portfolio rn and +25% in memes. The stock market is a joke and I hope people starve when all businesses go down under because of how many people are putting money in meaningless places.
@@cythefox7510 i’m personally not a big fan of diversification when it comes to investing. i do encourage you to watch a few peter lynch videos if you have not seen any yet. in one of the videos i watched where he was giving a speech he mentions that everyone has unique advantages. research which companies you see are doing well in your area, look up which companies that you are doing business with, whether it’s in your personal life or in your professional life. everyone has advantages with their professional life when it comes to knowing which companies are providing the best value for the best price, whether you’re a teacher, a doctor, a mechanic or a fast food worker or whatever you do for work.
If billionaires hate a trading app then I want to hear what they ARE NOT saying! I think the quote “little guy” getting into trading scares the hell out of billionaires.
@@wadebaswell5334 they cost d-bag hedge funds. Buffet doesn't do that stuff. He makes money the more people invest. He may dislike how the common person without being educated in finances and trading creates a potential for a market collapse based on emotions.
@@wolfpack4128 you give Buffett a lot of credit for what you think he doesn’t do without knowing, no way you could possibly know and ultimately he is a Wall Street guy that doesn’t want change in the system.
"The SEC has determined that it's their responsibility to step in to protect people against themselves" This tells you all you need to know about this bs...
Lesson learned which is good. Trading shouldn't be for only those on wall street. You don't think they take risks as well? I'm sure the BS you push also involves some risk.
I love how everyone uses the clip of the app's FREE STOCK referral reward having confetti as an accusation that robinhood encourages users to do frequent trades.. it's so ridiculous and proves that these talking points come from people who have never even used the app. It's youtube and instagram "influencers" that are promoting the "gamification" of trading, not robinhood.
Graham: ..."if a company profits from you doing something that could be detrimental to you long term, that needs to be disclosed so you know the risks associated with what your doing." Robinhood: Yeah, Vegas dude, tell that to all the casinos.
Huh? If people just take the time to read ALL of Robinhood’s policies and procedures, they explain “that the orders are sent out to another company when you sell or buy a stock it is sent out to a market maker for execution, market makers offer rebates to the brokerages”... if you want to read more go to their website and read it. Robinhood, TD Ameritrade, Webull, and other brokerage companies use the same method Robinhood uses. Matter of fact, they all was using the same company.
@@aldintrexler1042 lol retail traders are dumb money and help WB and institutions make more money, cause most retail traders lose. Don't misunderstand luck with talent. Last year is very very special and music is about to off. For god's sake, take your profit and stop gambling
Robinhood has minimized the barriers to entry for small retail investors. Which is positive for some and negative for others 🙂 I suspect what investors at Buffett’s level really fear is common people having the ability to disrupt and manipulate major markets. As that right has traditionally been reserved to investors at Buffett’s level 🙂 Great post man!
I don’t think Buffett fears common people getting into the market. Lion would afraid of too many rabbits? No way. Institutions loves retail investors. At the end of day, most retail investors will be wipeout.
Stop using Robinhood. Robinhood cannot make people be responsible, but they could at least be responsible themselves. 50+ outages in a little more than a year is not acceptable. Continuing to use them excuses incompetence.
I think you could have an interesting 10 minute conversation with Andrei Jikh about the Robinhood app nudging him to buy COINBASE even tho he already had his own strategy it used psychology hacks to give him FOMO
The real problem with Robinhood isn't 'gamification', it is payment for order flow, restrictions of buying and selling which leads to market manipulation. And the fact that margin is legal.
Last year I had never used an online brokerage, and settled on Robinhood as the most likely candidate for my needs. I opened an account, but didn't fund it yet. Before I did so, the Game Stop thing happened. It smelled funny. So, I looked at negatives to do with Robinhood. I found customer service issues, staff outright ignoring calls for help, and just things that didn't make me feel confident in them working out for me. Then came the emails from them trying to explain the Game Stop issue. Not one. Not two. Three. They seemed to be quite desperate to convince users of the platform that they didn't screw us on purpose. The CEO went on a live interview. It was a disaster. Within the week, I closed my account, and started looking for a different brokerage. I'm now using Fidelity and just opened an account with Webull. Much better for my needs.
@@hydrodrip7038 Fidelity, because in addition to trades you also can get a cash account with debit card, and lots of educational videos and articles to help you learn. There's also a virtual assistant to ask questions to. Powerful analysis tools as well.
*YES! WARREN BUFFET REALLY CARES ABOUT THE PEOPLE! 🤣. He made his money when they used pencil and paper. We are shaking up the game and they don’t like it!*
@@NAT-turners-Revenge well at that time philosophies of economics, business, market were changing and developing that time no one knew how market worked. Many new industries were coming at a rapid pace out of which some would be very successful in future. During his time he pioneered some strategies that are still used today at that time no one knew. There might be a loophole in today's market but we can't find as it has become way more complex now and with computers intervening a lot more so we have to grow with the market, relying on old strategies will not help, as change is the only constant, so we must change our strategies, and if one changes himself first with the changing world, if he uses methods used never before can be like Buffet.
If they're not going to regulate gambling casinos in Vegas, they shouldn't be trying to regulate the market. No one gives a damn about the people as long as the house has the edge. Miss me with their fake empathy
a lot of people dismiss warren buffett as "just another old white wall street guy" but in actuallity he is arguably the most experienced and successful stock market trader of all time, he knows everything about it. Dont dismiss him as "you cant teach an old dog new tricks" cos boy he knows them all.
So happy you are defending Buffett!! He's not even in Wall Street, he's comfy in Omaha! People often dismiss Buffett as being out of touch, but I think he's really worried about future generations. History might rhyme!
Think the all time medal still goes to JP Morgan. Buffett has probably cost just as many people money that robinhood has. When they sell out of a stock to get theirs and move on to the next thing Buffett is still leaving someone else with the tab. It's like a terrorist calling out a murder for breaching morality, neither of them are saints.
Graham, your videos are very enjoyable. You are always covering important, relevant topics. You my friend, are what we need right now. Oh, and I smashed the like button.
I couldn't have said it better myself. Open the fucking market. learn from mistakes, accept losses, celebrate victories. It's all up to you, not the goddamn system.
I love your presentation on this topic. Your stance is quite clear, but you are not pushing you opinions. This is how information should be shared in 2021. Kudos man.
You know Graham has you trained when you’ve already smashed/destroyed the like button by the time he gets to suggesting that we smash/destroy the like button.
Dam it... way to make me feel old af. Ima be 40 in June. And I really wish I’d caught the “make my money work for me” bug much earlier in life. It’s insane how much money can be made doing nothing, well... no labor anyway.
I hear ya. I'm 46 and I wanted to invest decades ago. The only thing that stopped me was brokerage fees and minimum investments. They are just pissed because their exclusive little party is open to everyone now.
71yr old here - we didn't have this opportunity to invest until Robinhood!! Brokers would not even talk to you with less than $50,000 to invest and then you were just small stuff/nothing to them. I make money with RH and will continue to do so with every $ I can spare!!!
@@thefakefarmer900 nah they’re not pissed because of that, the world’s not so black and white. Webull and other platforms exist too, he called out robinhood and not commission free trading, it’s not always us vs them.
I dont think people should be protected from themselves, and I dont believe a company should be blamed for other peoples irresponsible decisions. (Personal responsibility)
The people who disliked the video probably lost a bunch of money on high risk stocks with little to no education on what they're actually investing in and YOLO'ing their life savings, hoping to "get rich quick"
Is it weird that when Graham now says "What's up guys, it's Graham" instead of "What's up Graham, it's guys here" gets me thinking "whoa that sounded wrong"? Guys, what has Graham done to me, or should I say, Graham, what has guys done to me!?
Not even close and Elizabeth Warren is an asshat for saying that. First of all, _investments_ are everywhere in our daily lives and they come in a multitude of shapes and forms. The obvious ones are buying a house, starting a business, or purchasing new tech or tools that makes you more efficient. Less obvious investments such as on HOW we spend your time and WHO we spend it with. Because *TIME = MONEY* investments in your health, education and relationships will dramatically impact your finances. *CASINOS* No matter how smart a player is, the house has the edge- which is why there are very few "professional gamblers" and they almost ALWAYS play against each other. That said, state run casinos are highly regulated gaming institutions that ensure the house doesn't have too much of an edge, (usually around 60/40) but ultimately, the biggest winners of the casino are the local governments who stand to gain everything from taxes and fees, while losing nothing. *STOCK MARKET* In contrast, there is a science to the stock market that can be boiled down to _"The early bird gets the worm."_ Yes shenanigans happen on Wall St. all the time but ultimately, *if you are one of the first to receive knowledge of a publicly traded company, correctly interpret and act quickly, you can make logically sound investments that yield high returns.* A well informed gambler who arrives at the casino at the crack of dawn with a spreadsheet cannot increase his odds. They stay the same. *PULLBACK* Another aspect of buying stock that is often overlooked is that you're adding value to that company in form of Liquidity. In the case of Tesla, they saw a horde of positive press last June and practically went viral. And although they weren't (and still aren't) "fully autonomous", the melt-up that ensued gave them a much needed boost to reinvest. By January, Tesla had quadrupled in value and news of Elon becoming the richest man in the world simply could not be ignored. Once again, the boost from the media with a little help from some bigtime bullish market makers, brought about a tidal wave of uninformed investors of whom, panic-bought TSLA out of FOL that they might miss out on the next Apple. This could only last for so long and now comes the inevitable pullback. A stock simply can't shoot to the moon and beyond WHEN IT'S PRICE IS NOT JUSTIFIED analyst has warned about it being overvalued for months! If you're one of the many dumbass investors who buys on publicity and want to turn your luck around, you need to educate yourself and get on top of your game OR call a hedge fund and let them pick the stocks for you!
I disagree. Education is a kind of investment, would you say that going to school is gambling? Investment is more like an exam. You could be working very hard and still fail at it, but it’s not the same as gambling.
I dont use robinhood but this just sounds like a bunch of rich people are crying because the working class found a way to make money and to screw over these big hedge funds
I’ve had an issue with Robinhood for a while that has yet to be solved, leading to legal action, my worth through them was sitting at $761,540 (made off of $12,000) when they did an update on the app it sent my finances back to $12,000, and has yet to go back properly. I have multiple screenshots of everything and hope to be able to get out of this situation.
The biggest issue in my eyes is not how they present their app, it is that a whole bunch of new people are trading in one of the longest bull markets in my lifetime. When things turn, there will be pain.
@@sourabhgarg6814 Well you can transfer your stocks to whatever broker you want. But it will take at least a week for them to settle. I just wanted to make sure that my AMC position was out of there cause they limited selling and buying last time and I cant let them do that to me lol
@@sourabhgarg6814 To my knowledge Fidelity was one of the few that didn't restrict your buying or selling when AMC and GME squeezed the first time. Another thing to consider though but if you hold any cryptos those will be sold if you do a complete transfer out of Robinhood. Robinhood sold my DOGE as a result. Which I cant be mad at (made profit) but just be aware
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Buffet has turned in to the old man yelling at kids to stay off his lawn. He's being a gate keeper for investment. He thinks it should be limited to the wealthy.
Robinhood can’t stop people from making poor decisions
Make individual responsibility great again. Too many trophies given out for losers.
@@noz182 Facts!!
It can greatly encouraged investors to make poor decisions.
I disagree. Yes, an individuals need to take responsibility for themselves, and that’s why they are losing their own money. But, Robinhood is luring people to make bad decisions. Kinda like a drug dealer.
Warren Buffet doesn't want you to use Robinhood because he wants to profit on your losses instead of Robinhood
If your old enough to drink, smoke, gamble and fight wars you should be able to do whatever you want with your money even if it is loose it all. Im tired of big brother always trying to step in because "its for your own good"
You're right!!
right on. its my right to lose my money. i earned it i can lose it.
Exactly, if I want to be manipulated into blowing my life savings I have the right to do that.
Exactly!!
It's about the freedom of choice.
Sick and tired of the government coming up with laws to "protect" us for "our own good".
They probably just don’t want you to sue them for not trying to keep you from making stupid decisions.
*When you focus on problems, you will have more problems. When you focus on possibilities you will have more opportunities!!*
So true!
But why male models?
@@JonnyRoboto made my day lol
@@JonnyRoboto LOL
Not true at all. Take care of the downsides, and the upsides will take care of themselves.
I am on the side of Robinhood. If not for their app, I would not have begun investing. It gave me the courage to open a vanguard acct, and research investing more.
same! i think a lot of young adults are in the same position
Isn't acorn still alive ?
I used eToro
@@ryanmurphy7300 yeah, but it charges fees. I don't have much money, so I only invest $50 at a time. So acorn would not be good for me, at all.
@@personalfinancerussclip3271 does it allow fractional shares?
Robinhood made investing accessible without having a large amount of money to invest in. They've literally changed the face of investing for the little guy. Things might not seem like that now but let's be honest many companies now offer free trades, where before the was a concept never before seen
lol, nah... robinhood is 100% hype but not much substance.
A. fractional trading was available prior to robinhood.
B. free trades ha....that's kinda the problem free trades aren't free.. they are just obscuring how they make money for order flow.
Now to be fair you could say they popularized investing for people with smaller amounts. I'd buy that argument but no one should stay with robinhood, it's easily the worst of the major brokers.
The myth Robinhood has spread is that the little guys previously had no chance on the market. When I turned 18, I opened a managed account with my savings from summer jobs. Wealth managers love young investors. My investment banker knows that, if she puts in the work, my account's commissions will be massive in the future despite being small now. Robinhood caters, as Warren Buffett explained, to the gambling instinct of investors. Speaking to people who invest primarily on such apps makes that clear.
Nothing is free
'if you're not paying for the product, you are the product'
Have you heard about Payment for Order Flow? They literally sell your orders to Citadel (huge hedge fund/market maker) in order to rip you off...
The argument against Robinhood is the equivalent to saying casinos should be illegal bc they allow people to gamble or that soda should be taxed bc it makes people fat. If people want to risk their money, let them 🤷♀️
Very good point
Jake Tran speakin facts as usual
@@FrontierFootball while I agree let people do with thier money with what they want. I think its a bad comparison. The thing would just be like a warning lable on soda or a sign in the entrance to a casino warning of risk. If people choose after that its all good. When you have minimal information and keep blasting pings to a phone about updates its active encouragement.
@@CosmicDarkLord yes I 100% agree with the disclosure requirements as well.
Love your content jake.
I'm literally sitting here waiting for robinhood to approve my transfer of stocks to fidelity
Lol use vanguard
Next year: I lost all my money on Fidelity, I'm transferring all my money to "insert other brokerage" 😜
you stayed in robinhood far too long, you should of started working on that approval when robinhood shut down trades for Gamestop months ago
@@emanresu7208 what
@@emanresu7208 wtf xdd
"We don't want to sell things that are bad for people." "Also, we make lots of money off Coca Cola." - Charlie Munger
Not anymore. Coke is falling
nah , both of them are living proof that coca cola is fine , if drink it in moderation , as in everything .
@@confidential6073 Yeah, that's how it works.
@@tuchus8781 looking at their stock they are green across the board
and we own Dairy Queen.....
“And now a word from our sponsor, Robinhood” lmao 😂
☠️
I believe that in this case Robinhood isn’t to blame. People need to know how to make proper investments and not just follow what’s “hot” right now.
yes, but they also exploit “fools”. the app literally has no fundamentals. but i also think robinhood are a very important company and have transformed the investing realm in a more positive way than negative. i see the two sides of the coin.
@@dswill3709 the large brokerages' historic $8-10 a trade fee helped to keep average Americans out of the market or limitednin their mobility. While 401ks on average make fools of users to the tune of tens to hundreds of thousands of dollars over the lifetime if the account.
@rodrigo luis regino orrico but they use psychology against the user to draw them to those "hot" right now.
Shiba Inu Coin, Is the Next huge Coin to explode
This. I have only blue chip stocks, and I buy and hold. Never had an issue
OHHHH MANNN - I thought it was just my stocks that were getting canceled. At least I’m not alone!!!
Tesla
:OO
Time to load up on Doge
😂😂
😂😂
The Billionaires really said with a straight face "we don't want to make money off of things that are bad for people".
@@l4kr lol
No different than you buying Nike or other major retailer stocks that promote enslaving children in the 3rd world paying them pennies
He actually has morals. That’s why he doesn’t invest in tobacco stocks.
@@Wazupiseeyou staph it.
@J C Damn, that's crazy. So the economy we live in doesn't offer many options for ethical consumption to most of the working class, but it's the consumer's fault because they have to work their entire lives to compete with Nike or regularly afford ethical alternatives despite Nike having MUCH more pre-existing wealth to squash it, and it's actually Nike's fault and not the person who wants the product but can't afford ethical competition?
Robinhood is where I started my stocks. But I grab and hold. So many people just don’t look into how stocks work. So everyone losses money because they pull too quick.
HEY , thanks for making others rich!
Basically people have 0 patience
Tbh thats how i started an idk what im going to owe on tax day🤷🏽♂️. Lots of them i lost money, other i just change my mind an sell without gaining anything
@@futureanimator522 unless you’re doing day trading. That’s a whole different story lol
@@futureanimator522 Until you realize options is the way.
When you said Robinhood was the sponsor I cracked tf up😂😂
@@dyatlin4905 buy high sell low. simple.
@@xavierjimenez2640 what’s your cashapp, I’ll pay you megamind.
same lol i was dying
That could be unsub monent
I love when people worry about my "best interest" and in doing so they take things from me that I want.
just like the government
@GRAHAM STEPHAN Ok fake Graham. I hit up your report button on your spam channel about section. Good day sir.
I agree. Let ME decide where my money goes. My money my choice
Couldn't agree more.
EXACTLY. The “This is for your own good” BULLSHIT! Always being reminded of how our “free country” really isn’t so free. Full of individuals who seek to remove our freedoms “for our own good”!
The irony that the last ad in this video is about Robin Hood 💀🤣
Thank you Robinhood, for letting people learn about market investing... like Warren didn't make any mistakes...
Warren buffet did not say he did not make mistakes but he does have a good point
At the end of the day, a person has to make trading mistakes to learn and be responsible for their own education if they want to throw their money around. I don't think Robinhood is to blame.
Robinhood hasn't encouraged gambling - gamblers have simply found Robinhood
😂😂 uno reverse haha
I can't disagree with logic!
Dammm smh i found it 2017 smh
Story of Pied Piper
Agreed
oh gee wow Graham! Thank you so much for making a video on this topic. I put down everything i was doing just to watch this and SMASH that like button (;
I got beat by one second :(
WOW I JUST SUBBED TO YOU GREAT CHANNEL
You guys should collab on a video
Loool
@@GrahamStephan SMH
I seriously brag on your channel.
“This dude is all about money and hard work. He found he could make great money on UA-cam, figured out how to do it, and does it. His videos are packed full of knowledge and some pretty good editing.”
I tell all my friends to watch your videos. I appreciate all the financial help.
SupaDopeMex, I invested $500 on Bitcoin and I got $5000 after seven successful trading days with Mrs. Josephine.
Same!
Seem like Robinhood keeps screwing ppl over when they want to off load GameStop or Doge. Always seems to be having an issue. I call BS.
i use robinhood and i haven’t been screwed over by them. 🤔 hmmm, i wonder why. oh that’s right i’m actually investing my currency and not gambling
@@littleredpony6868 tell that to the literally thousands of people who lost millions
@@littleredpony6868 I am -20% in my diversified portfolio rn and +25% in memes. The stock market is a joke and I hope people starve when all businesses go down under because of how many people are putting money in meaningless places.
@@jtowensbyiii6018 i have no problem telling them that. there’s a lot of people in the stock market who are treating the stock market as a lottery.
@@cythefox7510 i’m personally not a big fan of diversification when it comes to investing. i do encourage you to watch a few peter lynch videos if you have not seen any yet. in one of the videos i watched where he was giving a speech he mentions that everyone has unique advantages. research which companies you see are doing well in your area, look up which companies that you are doing business with, whether it’s in your personal life or in your professional life. everyone has advantages with their professional life when it comes to knowing which companies are providing the best value for the best price, whether you’re a teacher, a doctor, a mechanic or a fast food worker or whatever you do for work.
Graham is the Philip DeFranco of Finances.
A douchbag? Lol kinda agree
🎯
😂 yes
So true
😂😂
😂
@@shawnmoore1319 not a douchebag, a fast talker that grabs your attention.
The baby koala bear nearly killed me. Seriously, can a person actually die of cuteness? Lol!
If billionaires hate a trading app then I want to hear what they ARE NOT saying! I think the quote “little guy” getting into trading scares the hell out of billionaires.
You know they've been giving free public advice for how the average person should best invest for like 20 years right?
you know most of these billionaires make money off the little guys
Speaking of “you knows” you know these little guys just cost them billions for the first time ever with GameStop right?
@@wadebaswell5334 they cost d-bag hedge funds. Buffet doesn't do that stuff. He makes money the more people invest. He may dislike how the common person without being educated in finances and trading creates a potential for a market collapse based on emotions.
@@wolfpack4128 you give Buffett a lot of credit for what you think he doesn’t do without knowing, no way you could possibly know and ultimately he is a Wall Street guy that doesn’t want change in the system.
My thoughts exactly! Robinhood has been one of the best and worst things to happen to the US stock market.
me too
💯😎
The shmucks like warren buffet have the audacity to call us stupid while at the same time shaming technology stocks. Yikes
"The SEC has determined that it's their responsibility to step in to protect people against themselves"
This tells you all you need to know about this bs...
I was thinking the same thing. So many new retail investors are hurting right now.👀💯
😢 today was harsh
We better buckle up!! :)
Got in in December, it was all going fine until ironically the snow storm in Texas hit and my portfolio plummeted since 😂
I was scalping stuff 😅😅😅😅
Lesson learned which is good. Trading shouldn't be for only those on wall street. You don't think they take risks as well? I'm sure the BS you push also involves some risk.
Robinhood brought Vegas to the comfort of our toilet seats. Genius if you ask me. I only have one question:
How do I buy Robinhood stock? 🤣
We’re all grown ups .if you take out equity from your house and lose it well you made that decision
Your setting looks like Drake's Take Care album 😂
no way!
Lol it does
I love how everyone uses the clip of the app's FREE STOCK referral reward having confetti as an accusation that robinhood encourages users to do frequent trades.. it's so ridiculous and proves that these talking points come from people who have never even used the app. It's youtube and instagram "influencers" that are promoting the "gamification" of trading, not robinhood.
trading is literally a casino😈
The funniest thing is that I got an add for Robin hood 😂 and then got an ad saying don't listen to Warren Buffet 😂
Graham: ..."if a company profits from you doing something that could be detrimental to you long term, that needs to be disclosed so you know the risks associated with what your doing."
Robinhood: Yeah, Vegas dude, tell that to all the casinos.
Yes!!
*Laughs in Zuckerberg selling your data*
Not to mention it warns you you can lose money and profit is not guaranteed lol
Robinhoodaholics Anonymous?
Huh? If people just take the time to read ALL of Robinhood’s policies and procedures, they explain “that the orders are sent out to another company when you sell or buy a stock it is sent out to a market maker for execution, market makers offer rebates to the brokerages”... if you want to read more go to their website and read it. Robinhood, TD Ameritrade, Webull, and other brokerage companies use the same method Robinhood uses. Matter of fact, they all was using the same company.
Basically Warren said . Robinhood being so accessable . There will be morons that go broke. And it will be like gambling vs investing
so Warren doesnt invest? there is always someone on the other side
@@aldintrexler1042 So? he knows what he is doing unlike most people nowadays who just depend entirely on luck
@@hectorkinsman4296 they want to block retail traders because they are making their job harder
@@aldintrexler1042 lol retail traders are dumb money and help WB and institutions make more money, cause most retail traders lose. Don't misunderstand luck with talent. Last year is very very special and music is about to off. For god's sake, take your profit and stop gambling
I honestly owe Robinhood.
I wouldn’t have learned about investing without it.
Even my losses were paid education.
very true!
Agree !
Glad you learned about investing!! Sometimes making mistakes are the best teachers!
@@MichelleMarki are you a bot?
@@CaneSugarCane Maybe I'm as much of a bot as Elon Musk is in human in emulation mode :P Do my youtube videos look like a bot made them?
Why is he cancelled? Did he accidentally steal from the poor and give to the rich??
Lining their own pockets much!?
The company more or less did...
*purposely
Robinhood has minimized the barriers to entry for small retail investors. Which is positive for some and negative for others 🙂 I suspect what investors at Buffett’s level really fear is common people having the ability to disrupt and manipulate major markets. As that right has traditionally been reserved to investors at Buffett’s level 🙂 Great post man!
I don’t think Buffett fears common people getting into the market. Lion would afraid of too many rabbits? No way. Institutions loves retail investors. At the end of day, most retail investors will be wipeout.
@@yanyanchen2806 Good point. Thanks for sharing 🙂
Stop using Robinhood. Robinhood cannot make people be responsible, but they could at least be responsible themselves. 50+ outages in a little more than a year is not acceptable. Continuing to use them excuses incompetence.
Robinhood should be for begginers and teach yoy how everything works, not blocking when you are getting profits from hedgefunds.
I think you could have an interesting 10 minute conversation with Andrei Jikh about the Robinhood app nudging him to buy COINBASE even tho he already had his own strategy it used psychology hacks to give him FOMO
The real problem with Robinhood isn't 'gamification', it is payment for order flow, restrictions of buying and selling which leads to market manipulation.
And the fact that margin is legal.
Last year I had never used an online brokerage, and settled on Robinhood as the most likely candidate for my needs. I opened an account, but didn't fund it yet. Before I did so, the Game Stop thing happened. It smelled funny. So, I looked at negatives to do with Robinhood. I found customer service issues, staff outright ignoring calls for help, and just things that didn't make me feel confident in them working out for me. Then came the emails from them trying to explain the Game Stop issue. Not one. Not two. Three. They seemed to be quite desperate to convince users of the platform that they didn't screw us on purpose. The CEO went on a live interview. It was a disaster. Within the week, I closed my account, and started looking for a different brokerage. I'm now using Fidelity and just opened an account with Webull. Much better for my needs.
I’m a new investor, would you recommend fidelity or webull???
@@hydrodrip7038 same looking for a decently professional option
@@hydrodrip7038 Fidelity, because in addition to trades you also can get a cash account with debit card, and lots of educational videos and articles to help you learn. There's also a virtual assistant to ask questions to. Powerful analysis tools as well.
I recommend fidelity. Excellent customer service & it’s easy to use.
*YES! WARREN BUFFET REALLY CARES ABOUT THE PEOPLE! 🤣. He made his money when they used pencil and paper. We are shaking up the game and they don’t like it!*
Exactly
He used his brain to analyze and maths to calculate stocks.
@@radhekrishna4652 He invested in *EASIER TIMES* .... i couldve stumbled into millions 30-50yrs ago investing as well 🤣😂
@@NAT-turners-Revenge well at that time philosophies of economics, business, market were changing and developing that time no one knew how market worked. Many new industries were coming at a rapid pace out of which some would be very successful in future. During his time he pioneered some strategies that are still used today at that time no one knew. There might be a loophole in today's market but we can't find as it has become way more complex now and with computers intervening a lot more so we have to grow with the market, relying on old strategies will not help, as change is the only constant, so we must change our strategies, and if one changes himself first with the changing world, if he uses methods used never before can be like Buffet.
In my mind his disapproval of Robin Hood is an attempt to try to keep people from making money and investing
I'm a simple man, I listen to someone with a supercar in the background talk about investing
If they're not going to regulate gambling casinos in Vegas, they shouldn't be trying to regulate the market. No one gives a damn about the people as long as the house has the edge. Miss me with their fake empathy
@@destructodisk9074 So if I go into a casino, are they going to ask me, "Are you a sophisticated gambler?", before they allow me to blow my bankroll?
a lot of people dismiss warren buffett as "just another old white wall street guy" but in actuallity he is arguably the most experienced and successful stock market trader of all time, he knows everything about it. Dont dismiss him as "you cant teach an old dog new tricks" cos boy he knows them all.
So happy you are defending Buffett!! He's not even in Wall Street, he's comfy in Omaha! People often dismiss Buffett as being out of touch, but I think he's really worried about future generations. History might rhyme!
Think the all time medal still goes to JP Morgan.
Buffett has probably cost just as many people money that robinhood has. When they sell out of a stock to get theirs and move on to the next thing Buffett is still leaving someone else with the tab. It's like a terrorist calling out a murder for breaching morality, neither of them are saints.
Times like this you appreciate the old looking complicated interface that IB provides, no fun looking at those screens.
Making money in a way that hurts you.
Coca cola has entered the chat...
These thumbnails are getting insane....I love them.
When Grandpa Buffett says the same thing I said months ago, it makes me feel like I made it in life! 😎
@GRAHAM STEPHAN hey Bot Graham! You hit me up. I'll sell you some fake stuff before you try to sell me some. How about that?
Thumbnails getting wilder and wilder. Love it.
Haha thanks!
😂
I’m very thankful to Robinhood. Thanks to their ads, I downloaded Webull.
What’s that
@@aaronfox5559 better than robinhood
Doesn't Graham promote Public now?
Same here
Does weBull also buy orders from Citadel as well?
This is what I keep trying to tell my friends who have 0 experience investing and jump on the Robinhood bandwagon! 🤦🏻♀️
Hi Cynthia 👋🏻
Graham, your videos are very enjoyable. You are always covering important, relevant topics. You my friend, are what we need right now. Oh, and I smashed the like button.
Your promotion at the end is sorta the same thing you just warned us about 😂
Exactly- stay woke lol
The thumbnail is pure gold.
I took a shot every time Graham mentioned confetti and now I am in the hospital for alcohol poisoning.
😭 bruh
Have you tried blaming Robinhood for your poor decisions? I hear that's the thing right now...
Confetti 🎊
Shiba Inu Coin, Is the Next huge Coin to explode
Robinhood has been great for me so far. But I also did research before I purchased any stocks.
Great to hear you're doing the work!! :D
My two main gripes about Robinhood are they no longer provide CSV files and they have not stuck by their published risk check formulas.
I've had my Robinhood since 2015. I'm rethinking that decision today.
It's OK you can always change!! And I love how you have Philippines in your name!! :D
@@MichelleMarki Hey Thanks! Yes the Philippines is my life now. Hehe. 😎✌️🌴
@@thephilippinesforus That's so awesome!! Enjoy!! :D
This is what's wrong with this country. People dont take responsibility for their own actions. Always gotta blame someone else.
I couldn't have said it better myself. Open the fucking market. learn from mistakes, accept losses, celebrate victories. It's all up to you, not the goddamn system.
I love your presentation on this topic.
Your stance is quite clear, but you are not pushing you opinions.
This is how information should be shared in 2021.
Kudos man.
You know Graham has you trained when you’ve already smashed/destroyed the like button by the time he gets to suggesting that we smash/destroy the like button.
BOOM!
I cringe everytime he starts asking for likes
@@eeefox1 cannot blame him since that really works.
@@seejayep4258 half the time i dont click on his vids bc of it
I click the videos half for content, half for smashing the like button.
Dam it... way to make me feel old af. Ima be 40 in June. And I really wish I’d caught the “make my money work for me” bug much earlier in life. It’s insane how much money can be made doing nothing, well... no labor anyway.
Same here, I wish all these opportunities were around in our 20s/30s. We'd be pros by now.
I hear ya. I'm 46 and I wanted to invest decades ago. The only thing that stopped me was brokerage fees and minimum investments. They are just pissed because their exclusive little party is open to everyone now.
71yr old here - we didn't have this opportunity to invest until Robinhood!! Brokers would not even talk to you with less than $50,000 to invest and then you were just small stuff/nothing to them. I make money with RH and will continue to do so with every $ I can spare!!!
@@thefakefarmer900 nah they’re not pissed because of that, the world’s not so black and white. Webull and other platforms exist too, he called out robinhood and not commission free trading, it’s not always us vs them.
I dont think people should be protected from themselves, and I dont believe a company should be blamed for other peoples irresponsible decisions. (Personal responsibility)
How can you dislike this video smh 😤 the truth hurts 😤 😪
The people who disliked the video probably lost a bunch of money on high risk stocks with little to no education on what they're actually investing in and YOLO'ing their life savings, hoping to "get rich quick"
@@Mag1c4lyfe 🦌 yes 100% agree 👍
If it wasn't for Robinhood, I probably still would not have been invested in the market
Same. I used it to build a 2k portfolio then moved to Webull.
Ever thought about just having a koala at the end with the writing "please hit the like button?" Please stop pestering me about the damn like button.
Is it weird that when Graham now says "What's up guys, it's Graham" instead of "What's up Graham, it's guys here" gets me thinking "whoa that sounded wrong"?
Guys, what has Graham done to me, or should I say, Graham, what has guys done to me!?
Robinhood: We give the average joe the power to invest
Also Robinhood: We help the average joe lose everything
Better luck next time!
This sounds like what casinos promise too
It is pretty clear that they became corrupt by the hedge funds when they stop trade of gameshop,, blackberry, etc.
Also Robinhood: We deny the average joe to do anything with certain stocks that don't suit us.
not true.
The financial “not advice” is great but damn it the koala made me like the video
That's like hearing Michael Jordan say you suck at basketball..... OUCH
I remember scratching off my gift stock on Robinhood couple years ago
Michael Burry warned us about robinhood and people didn't listen...now buffet is saying the same thing
Graham: Thanks to our sponsor RobinHood
Me: Wait, what?
Graham: Jk, lol
thanks i missed that part
We need a Graham Banking app that gives financial advice and yells out from your speaker shouting you can't afford this
@Meet Gevin shut up scam
Just because people makes bad investments doesn't make it a bad app. It is perfect for slow trade.
You got a car in your house 🤯 lol I subscribed for the Batman vibes
SQUEEZE HAS NOT SQUOZE! BUY AND HODL
CANT STOP WONT STOP
GAMESTOP
🚀🚀🚀
buy buy buy
the more they drop the price the more i buy
Buy. Hodl. Vote. its that easy
AMC and GME to the moon! 🦍🤲🏼💎❤️📈📈
AMC to the moon. GME is lost hope
@@HDTomo its time to light the amc rocket. and use the winnings to buy more gme.
So what do you recommend? How should we buy and sell stocks?
You’re like the only UA-camr I trust when it comes to this type of information
Thanks for the information that can easily be understood.
Investing has been a casino long before robinhood. Robinhood just made it more accessible.
Not even close and Elizabeth Warren is an asshat for saying that.
First of all, _investments_ are everywhere in our daily lives and they come in a multitude of shapes and forms. The obvious ones are buying a house, starting a business, or purchasing new tech or tools that makes you more efficient. Less obvious investments such as on HOW we spend your time and WHO we spend it with. Because *TIME = MONEY* investments in your health, education and relationships will dramatically impact your finances.
*CASINOS*
No matter how smart a player is, the house has the edge- which is why there are very few "professional gamblers" and they almost ALWAYS play against each other. That said, state run casinos are highly regulated gaming institutions that ensure the house doesn't have too much of an edge, (usually around 60/40) but ultimately, the biggest winners of the casino are the local governments who stand to gain everything from taxes and fees, while losing nothing.
*STOCK MARKET*
In contrast, there is a science to the stock market that can be boiled down to _"The early bird gets the worm."_ Yes shenanigans happen on Wall St. all the time but ultimately, *if you are one of the first to receive knowledge of a publicly traded company, correctly interpret and act quickly, you can make logically sound investments that yield high returns.* A well informed gambler who arrives at the casino at the crack of dawn with a spreadsheet cannot increase his odds. They stay the same.
*PULLBACK*
Another aspect of buying stock that is often overlooked is that you're adding value to that company in form of Liquidity. In the case of Tesla, they saw a horde of positive press last June and practically went viral. And although they weren't (and still aren't) "fully autonomous", the melt-up that ensued gave them a much needed boost to reinvest. By January, Tesla had quadrupled in value and news of Elon becoming the richest man in the world simply could not be ignored. Once again, the boost from the media with a little help from some bigtime bullish market makers, brought about a tidal wave of uninformed investors of whom, panic-bought TSLA out of FOL that they might miss out on the next Apple. This could only last for so long and now comes the inevitable pullback. A stock simply can't shoot to the moon and beyond WHEN IT'S PRICE IS NOT JUSTIFIED analyst has warned about it being overvalued for months! If you're one of the many dumbass investors who buys on publicity and want to turn your luck around, you need to educate yourself and get on top of your game OR call a hedge fund and let them pick the stocks for you!
Exactly.
I disagree. Education is a kind of investment, would you say that going to school is gambling? Investment is more like an exam. You could be working very hard and still fail at it, but it’s not the same as gambling.
I was just saying this yesterday
@@krislui852 school is gambling because most of the information is in fact miss Information. Especially history and science.
I dont use robinhood but this just sounds like a bunch of rich people are crying because the working class found a way to make money and to screw over these big hedge funds
You can't blame Robin hood for stupid people....just like you can't blame casinos for the gambling addicts or the bars for the alcoholics.
With the margin Robinhood is giving out… I’m interested to see if they will still be in business when the market crashes…
@@Jacquellynnn yeah… then how many users will be left…
_Wait the Robinhood card is scrapped? Guess I got one of the last usable ones in my wallet_
Just another clickbait video with regurgitated info. Robinhood has a working cash management program for awhile now
I’ve had an issue with Robinhood for a while that has yet to be solved, leading to legal action, my worth through them was sitting at $761,540 (made off of $12,000) when they did an update on the app it sent my finances back to $12,000, and has yet to go back properly. I have multiple screenshots of everything and hope to be able to get out of this situation.
The biggest issue in my eyes is not how they present their app, it is that a whole bunch of new people are trading in one of the longest bull markets in my lifetime. When things turn, there will be pain.
Hello Dave 👋🏻
I appreciate your authenticity and forwardness!
Another thoughtful and informative video. Thanks, Graham!
My pleasure!
10:59 I literally looked that up word for word this morning
:P
There should be short videos and maybe simple quizzes on the risks and basics of investing that had to be completed before trades can be made
Next year: I lost all my money on "current app" I'm transferring all my money to "insert new app" 😜
Thank god I got out while I did. Im riding AMC to the moon now through Fidelity
Whats the process of moving out of Robinhood and join Robinhood?
@@sourabhgarg6814 Well you can transfer your stocks to whatever broker you want. But it will take at least a week for them to settle. I just wanted to make sure that my AMC position was out of there cause they limited selling and buying last time and I cant let them do that to me lol
@@CruzzzControl1984 thanks! Yeah i am also holding AMC and will call fidelity to make sure i move out of Robinhood.
@@sourabhgarg6814 To my knowledge Fidelity was one of the few that didn't restrict your buying or selling when AMC and GME squeezed the first time. Another thing to consider though but if you hold any cryptos those will be sold if you do a complete transfer out of Robinhood. Robinhood sold my DOGE as a result. Which I cant be mad at (made profit) but just be aware
@@CruzzzControl1984 ah thanks for letting me know. Glad you’re able to make profits with cryptos as well. I hope squeeze happens soon :-)
SO MANY OPTIONS
I'm mostly preferring the banks that offer the ability to invest.
Being a Xennial I am just over their “target age group” LOL.
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Graham’s videos are literally one of the only channels I actually hit the like buttons on.
I don’t think Robinhood should be blamed if people are stupid.
Buffet has turned in to the old man yelling at kids to stay off his lawn. He's being a gate keeper for investment. He thinks it should be limited to the wealthy.
My thoughts exactly well said
💯 while yes it’s risky for individuals but he says but it’s a risk to his investments as well.. he wants to continue his gate keeper status
He's doing a hell of a lot better than ARRK!