Ok, so maybe this week’s gear isn’t the latest word in tech but you can’t deny that its had a lot of buzz lately, and more importantly, has revolutionized our world in digital wealth and public access to the markets.
Despite how you feel about the WallStreetBets/Reddit/Gamestop controversy, you can’t deny that Robinhood shook up the system, revolutionized things with free trades, and made the system more accessible to the masses. And still does!
After all, as we are among the masses and can only invest small amounts, Robinhood made it workable for us at BCB Cyber and didn’t put us behind from the start like the other companies in the game used to.
The tool, the gear, Robinhood built and still offers for free to the user (yes, they make money but they are a company and have to survive/grow too; their mission was to democratize investing, but guess what, that takes money and if you think otherwise you are fooling yourself), the simple and engaging app, made digital investing accessible. No fees made it realistic for small-timers to get in and not loose from the start.
Built to help the masses gain access to the public markets, and therefore wealth, by digital means is what Robinhood is really about. It’s best we don’t take it for granted. After all, how many on Wall Street are on the side of the little people/low-life masses just like us anyway?
Are there problems, sure. What doesn’t have problems in this world? But, its best to work with it, understand it, and speak with our actions and voices. Be critical sure, but know what you are talking about. We need to use it and be part of the solution! The rumor still is that the company will list soon on the public markets too. We can even be the owners and build the opportunity to direct the company. That’s what people forget, buying shares gives us voting rights! And when the masses buy, they can have power too. Have we not learned this lately?
Don’t believe us, try it out for yourself. What we recommend… Sign up (#OurReferralLink; we can each get free stock and build as a community), don’t put a lot of cash in to start, get your free stock, learn on the app, trade for a while with your free stock (watch those day trading rules though; plus we recommend investing over trading always, however trading for a month or two will give you the full feel), and see what you think. If you don’t like it, little-to-no harm done, close the account and don’t look back. Maybe loose a buck and a little time.
Robinhood doesn’t require a heavy contribution to get started. Yeah they only offer one stock for free, and maybe its usually under $10, but its free and they don’t require a $100 deposit to do it either! Its a low-cost entry accessible to all with a bank account. For BCB Cyber, and we believe the masses, its worth a try.
Remember, we aren’t financial advisors, just the average guy trying to wade through the masses toward a high-tech future and make ends meet. So remember to think for yourself, as the ultimate decision is on each one of us as individuals to build our lives the way we choose for ourselves. In the end, I decided to use Robinhood to get going and I am very thankful I did. I hope you will too!