4 July 2024

Tag: robinhood

This week in crypto: The China Side-Eye Edition

The biggest spate of news actually happened last Friday and it’s China again. Now all cryptocurrency related transactions are effectively banned in China. The effects were immediate: Coinbase Global (COIN.Q) and Robinhood took a 3.5% dive, while MicroStrategy (MSTR.Q) lost 6.7%. Marathon Digital Holdings (MARA.Q) lost %8.1. It didn’t stop there, though. The commentary from…

2 October 2021
Yahoo Finance-Harris poll confirms that armies of newbie investors are recklessly buying options

According to the latest Yahoo-Harris poll published on Sept. 9, 2020 – an astonishing 43% of retail investors said they are “using options, margin, or both.”

11 September 2020
GDXJ.NYSE: are Robinhood investors making gold stocks frothy?

“Of Robinhood’s most popular stocks, around a third are in the “momentum trading” category,” states Yahoo Finance. “One of the narratives in the current day-trading boom is that investors have completely internalized the buy-the-dip mentality, following Warren Buffett’s legendary quote to be “greedy when others are fearful.”

10 August 2020
The trouble with robo advisors

At a party several months ago, I overheard, and was drawn into, an interesting conversation while en route to the bathroom. The conversation was about finances, naturally. A friend of mine was admonishing another of our mutual friends for a lack of diligence in his financial planning. After years of late-nights and the resulting promotions…

4 June 2019
Millennial opioid-users are buying Aurora Cannabis (ACB.T) on a free app

According NEJM Journal Watch – a physician-focused website – “20% of deaths among U.S. adults aged 25 to 34 years are related to opioid use.” US millennials are dying so fast that life expectancy has declined for two years in a row, the first time that’s happened in 50 years. 12% of Millennials reported using opioids to…

30 May 2019