Charlie Munger on Robinhood: No one should believe that Robinhood's trades are free

#shorts #robinhood #charliemunger
Berkshire Hathaway's Vice Chairman Charlie Munger breaks down his thoughts on trading with Robinhood.
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:

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[winnytheartist]

He is absolutely right, the stock prices are showing way higher than the actual price. It's so scam that I hate using this platform for trading

[whaleinvesting]

I like how Munger stayed true to himself until the end. He never understood Bitcoin, but he was a cultural Bitcoiner - disagreeable, blunt, funny and never afraid to the truth he saw.

[cheryjimenes]

Wow!! It was quite a while that I didn't hear somebody speaking of honorability... Hats Off, Mr Munger!!! 😊

[bloodbathy]

My Grandfather said. No one earns money in stock market. But Warren Buffet and charlie Munger did. Now they are celebrated. Now these grand fathers are saying Robinhood is not real. Hope after 20 years todays hype will be normal.

[jsmeswagner]

I agree. What they do is charge you an average price for the day. They het it for the price you trade on then sell it at the higher of the prices making a few pennies on each stock or coin they sell. I bough doge at 4 cents. Until the trade went through it was 7 cents. Pocketing 3 cents per coin.

[tolikfox]

Why is robinhood under attack. All brokerages are doing the same now. Been investing long enough to remember when $9.99 trades were a bargain lol.

[Wongseifu]

That is actually true like Facebook who collect data on us every time we click on a link so to does Robinhood on whatever we trade.

[PeterXi-hn]

There is no free things in the world . Comapny needs profits

[MandeepSingh-pxgk]

They aren’t free. They have to pay millions to the sec every year because they give their customers inferior fills on stock purchases and option fills.

[NeonxNomad]

Of course when you sell they take an extremely small percentage just like every other place. The reason we use RH is coz we're always finding ways to abuse the system with them.

[bereketzekarias]

It is true . It was never meant to be free they make more money when you sell and buy stocks. I would rather pay fixed commission to trade than this free crap.

[samalexander]

My mind is blown at the amount of comments saying that he doesn’t know what he is talking about.

[composeryawyawmayhem]

Its free to trade. But robinhood manipulates the prices. That's how it gets its share.

[Swagalious]

Doesnt matter fact is Robin hood found a way to provide a service to thier customers without charging them directly. So as far as the user is concern they arnt paying for trades and that increases thier profitability.

That's what matters more to the trader and investor.

[kevpick]

Das ok made 250$ yesterday on cryptos. They can have a little bit.

[macraeolinger]

So, what platform should novices use? Like are dislike Robinhood, its wildly popular. Thats for a reason. They fill a place in the market.

[enlightenedvomit]

He just figured this out? This is why you will be left in the dust. You're like 5 years late, or 6, I forget when the robinhood came out.

[drunvert]

So traders pay a fraction more for the stocks. Which is still much less than fee based trades.
FYI, don't buy bitcoin on Robinhood. You don't actually own bitcoin. You can't move it.

[shreenidhinayak]

Ppl only look at the word free and invest.
They dont read terms and conditions.

[Fjhaha]

I’d rather go to casino to flash my cash into the Tolite in a casino rather than trade/gamble on Robber-hood