#Robinhood Stocks Under $1

[him-bu]

Empower Your Future: How to Invest in Stocks as a Teenager with Just $100.

Investing in the stock market as a teenager may sound like a wild dream, especially if you’re young and don’t have much money. But here’s the truth: You don’t need to be rich or an expert to start investing in stocks. Even as a teenager, you can begin your journey with just $100.

This guide will show you exactly how to invest in stocks as a teenager with as little as $100—even if you’re completely new to the stock market. We’ll cover the tools you need, strategies that work, and how to avoid common mistakes, setting you up for long-term financial success.

Why Should You Start Investing as a Teenager?

The truth is that time is your greatest advantage as a young investor. Many people don’t realize this until they’re older—and by then, they’ve lost out missed ears of potential growth. Starting with even $100 now could lead to thousands (or more).

Here are three reasons why starting young matters:

The Magic of Compound Interest Imagine planting a tree. At first, it’s tiny and barely noticeable, but it grows into something towering and magnificent over the years. That’s how compound interest works. Your money earns returns, and then those returns earn more returns.

Let’s break it down: investing $100 at an average annual return of 8% could grow to $1,000 in 30 years. Add small amounts consistently, and the numbers become staggering.

Financial Skills for Life Investing is more than just making money—it’s about learning. Starting as a teenager helps you understand how money works, how companies grow, and how to build a financially secure future. These skills can change your life.

A Low-Risk Environment to Learn When you start small, your mistakes won’t cost you much. Investing $100 instead of $10,000 allows you to experiment, learn, and grow without the pressure of significant losses.

How to Start Investing in Stocks with as Little as $100

Step 1: Get Clear on Your Goals

Before you invest, ask yourself:

What am I investing for? College? A car? Long-term wealth?

How much risk can I handle?

If you’re unsure, it’s okay. Start with long-term goals—they’re the most forgiving for beginners.

Step 2: Open a Brokerage Account

A brokerage account is like your gate to the stock market. Think of It as a website where you buy, sell, and track your investments.

For teenagers under 18, you’ll need a custodial account. A parent or guardian sets up this account, but the money is yours.

Great Platforms for Beginners:

Robinhood: User-friendly and supports fractional shares (perfect for small investments).

Fidelity: Offers no-fee custodial accounts and great customer support.

Webull: Ideal for teens who want more research tools to learn about stocks.

Step 3: Fund Your Account

Once your account is set up, deposit $100. This step is easy: Most platforms allow you to transfer money from your bank account in minutes.

Step 4: Choose Your First Investments.

Here’s where the fun begins! You have several beginner-friendly options:

ETFs (Exchange-Traded Funds). ETFs are bundles of stocks that give you exposure to multiple companies at once. They’re like a “sampler platter” of the stock market, which makes them a safe bet for beginners.

Examples of ETFs:

Vanguard S&P 500 ETF (VOO)

iShares Core S&P 500 ETF (IVV)

Fractional Shares. Some popular stocks—like Amazon or Tesla—cost hundreds or thousands of dollars per share. But fractional shares let you buy a piece of the stock for as little as $1.

Examples of Fractional Shares to Consider:

Apple (AAPL)

Google (GOOGL)

Tesla (TSLA)

Dividend Stocks. These stocks pay you a small portion of the company’s profits regularly. It’s like getting a mini paycheck just for owning the stock.

Examples:

Coca-Cola (KO)

Johnson & Johnson (JNJ)

Read complete article Here >> COMPLETE ARTICLE

[bradfoe]

Bitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as Bitcoin gains as Trump reportedly plans crypto executive order

PUBLISHED FRI, JAN 17 20258:42 AM

Tanaya Macheel

@TANAYAMACHEEL

Bitcoin rejoined the crypto rally on Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as day 1 of his new term.

The price of the flagship cryptocurrency was last higher by more than 4% at $104,780.10, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, was up another 2%, after a 4% increase Thursday.

Shares of exchange operators Coinbase and Robinhood advanced about 5% and 4%, respectively. Trading activity in small cap cryptocurrencies benefits trading platforms. Appetite for smaller cap, higher risk coins has grown ahead of Trump’s inauguration, with litecoin surging 27% in the past two days.

The moves follow a Bloomberg report late Thursday that Trump could create the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy, the New York Times reported the same day.

VIEW QUOTE DETAILS

104,179.74

Bitcoin trades above $100,000 ahead of Trump’s inauguration

Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

Coins and crypto projects outside of bitcoin arguably stand to gain more from clear and supportive policy and regulation, as they’ve been more of a target of SEC lawsuits and alleged banking discrimination under the Biden administration. Some investors say bitcoin could see a rocket ship rally, however, if a national stockpile or reserve is established.

Bitcoin has been trading closely with stocks so far this year. It’s been in consolidation mode since late December, when Federal Reserve chair Jerome Powell sounded an inflation alarm that subsided this week after two cool December inflation reports. Bitcoin ETFs have seen more than $1 billion in inflows in the past two days.

Investors expect any announcements from the incoming administration next week to send bitcoin higher – potentially to a new record.

Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

“The new administration and a new SEC chairman opens the door for new opportunity in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington said in a note this week. However, he added, “we don’t see a next wave of cryptocurrency [exchange-traded product] launches as being meaningful for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest.”

Bitcoin’s record is $108,327.01, from Dec. 17. It’s up 9% in 2025. day 1 of his new term.

The price of the flagship cryptocurrency was last higher by more than 4% at $104,780.10, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, was up another 2%, after a 4% increase Thursday.

Shares of exchange operators Coinbase and Robinhood advanced about 5% and 4%, respectively. Trading activity in small cap cryptocurrencies benefits trading platforms. Appetite for smaller cap, higher risk coins has grown ahead of Trump’s inauguration, with litecoin surging 27% in the past two days.

The moves follow a Bloomberg report late Thursday that Trump could create the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy, the New York Times reported the same day.

Bitcoin trades above $100,000 ahead of Trump’s inauguration

Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

Coins and crypto projects outside of bitcoin arguably stand to gain more from clear and supportive policy and regulation, as they’ve been more of a target of SEC lawsuits and alleged banking discrimination under the Biden administration. Some investors say bitcoin could see a rocket ship rally, however, if a national stockpile or reserve is established.

Bitcoin has been trading closely with stocks so far this year. It’s been in consolidation mode since late December, when Federal Reserve chair Jerome Powell sounded an inflation alarm that subsided this week after two cool December inflation reports. Bitcoin ETFs have seen more than $1 billion in inflows in the past two days.

Investors expect any announcements from the incoming administration next week to send bitcoin higher – potentially to a new record.

Newly heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take a while before the market feels the impact.

“The new administration and a new SEC chairman opens the door for new opportunity in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington said in a note this week. However, he added, “we don’t see a next wave of cryptocurrency [exchange-traded product] launches as being meaningful for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest.”

Bitcoin’s record is $108,327.01, from Dec. 17. It’s up 9% in 2025.

[avidtrader]

Buy These 3 Stocks To Double Your Net Worth in 2025!

Buy These 3 Stocks To Double Your Net Worth in 2025! https://www.youtube.com/watch?v=03UMTGySNJA Today I will share with you three incredible fundamental stocks that can supercharge your portfolio going into 2025! These are strong businesses, not your typical junk penny stock that is going to zero. Stay one step ahead of the curve, and see what hedge funds and institutions are buying (smart money) ✅ TIMELINE: 0:00 Robinhood Stock 3:32 Coinbase Stock 5:43 TeraWulf Stock ✅ Subscribe To My Channel For More Videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ✅ Stay Connected With Me: 👉 (X)Twitter: https://twitter.com/RealAvidTrader 👉 Stocktwits: https://ift.tt/atInDeR 👉 Instagram: https://ift.tt/YzWeUAJ ============================== ✅ Other Videos You Might Be Interested In Watching: 👉 Why 2024 Was My BEST YEAR EVER And How 2025 Will Be Even Better! https://youtu.be/JBpA0YX9tQM 👉 Will This Penny Stock SURGE After Huge Partnership News With AT&T? https://youtu.be/8N9lMRLC8f0 👉 This Stock Can Explode in 2025: Here's Why!! https://youtu.be/XZsI7a6vn1Y 👉 Haters LAUGHED When We Alerted This 10X Stock! https://youtu.be/hMpNn6eGPeY ============================= ✅ About AvidTrader: Value Investor. Discussing Day & Swing Trades Also Long Term Investments! Stock Breakdowns. Grow Your Trading Account Effectively. Technical Analysis and Pattern Recognition. How to Make Money, But More Importantly Learning & Having Fun in The Process! Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. Avid Trader receives compensation from its clients in the form of cash and restricted securities for consulting services. 🔔 Subscribe to my channel for more videos: https://www.youtube.com/@AvidTrader/?sub_confirmation=1 ===================== #stockanalysis #robinhood #coinbase #bitcoinmining #fundamentalanalysis #stockmarket #avidtrader Disclaimer: We do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of our publications. You acknowledge that you use the information we provide at your own risk. I am not a certified financial advisor and you must do your own research and due diligence before ever buying or selling a stock. never trade solely based on someone else's word or expectations of a stock! Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use © AvidTrader via AvidTrader https://www.youtube.com/channel/UCK_XU3FW-ffEK8BG5EisnNA January 16, 2025 at 07:34AM

[cashappreviesunitedstates]

How long will it take to get access to the money I make when selling a stock on Robinhood?

Robinhood is popular trading platform due to its user-friendly platform and commission-free trades; these provide easy access to the stock market. Unfortunately, many users get confused about the time it takes to access money after selling stocks on Robinhood. For instance, if you sell shares through Robinhood, your funds should arrive in your withdrawable cash within two days after trade settlement as they must first be verified as belonging to you by Robinhood.

To speed-up this process even further, enter details that match with ID documents and verify your funds directly by inputting them yourself. Once funds have been deposited to your withdrawable cash account, they can be directly transferred into a bank account - ideally using the one used when depositing into Robinhood; changing banks or unlinking could create further delays during withdrawal process.  So, let’s begin and learn more about how to transfer buying power to withdrawable cash.

How do I turn my Robinhood buying power to Withdrawable Cash?

To convert your Robinhood buying power into withdrawable cash, follow these steps:

Sell Your Securities:-

If your buying power includes funds from selling stocks or options, ensure these sales have been executed.

Wait for the Settlement Period:

After selling securities, the proceeds undergo a settlement period before becoming withdrawable.

For stocks and options, this period is typically the trade date plus one trading day (T+1). On the second day, the funds become withdrawable cash.

Check Your Withdrawable Cash Balance:

Once the settlement period concludes, the proceeds from your sales will appear as withdrawable cash in your account.

Initiate a Withdrawal to Your Bank Account:

Open the Robinhood app or website.

Navigate to the Account section and select Transfers.

Choose Withdraw and enter the amount you wish to transfer, ensuring it does not exceed your withdrawable cash.

Select the bank account linked to your Robinhood account for the deposit.

Confirm the transaction.

Important Considerations:

Pending Deposits: Funds recently deposited into your Robinhood account may take up to five business days to clear. During this period, these funds are part of your buying power but are not withdrawable.

Withdrawal Limits: Robinhood may have daily withdrawal limits. You can view your limits in the app under Transfers → Transfer limits.

Transfer Time: Standard withdrawals to your bank account typically take 3-5 business days to complete.

By following these steps and understanding the distinctions between buying power and withdrawable cash, you can effectively manage and withdraw funds from your Robinhood account.

How to transfer buying power to bank Robinhood?

To transfer your available funds (buying power) from your Robinhood account to your bank account, follow these steps:

Access Your Robinhood Account:

Open the Robinhood app or visit the Robinhood website and log in to your account.

Navigate to the Transfers Section:

In the app, tap the Account icon (person icon) at the bottom right.

On the website, click on your profile icon in the top right corner.

Select Transfers.

Initiate a Withdrawal:

Choose Withdraw.

Enter the Withdrawal Amount:

Input the amount you wish to transfer, ensuring it does not exceed your withdrawable cash.

Select the Destination Bank Account:

Choose the bank account linked to your Robinhood account where you want the funds deposited.

Confirm the Transfer:

Review the details and confirm the transaction.

Important Considerations:

Settlement Period: Funds from selling stocks or options typically take 1 trading day to settle (T+1). After settlement, these funds become part of your withdrawable cash.

Pending Deposits: Deposits from your bank account may take up to 5 business days to clear. During this period, these funds are part of your buying power but are not withdrawable.

Withdrawal Limits: Robinhood may have daily withdrawal limits. You can view your limits in the app under Transfers → Transfer limits.

Transfer Time: Standard withdrawals to your bank account typically take 3-5 business days to complete.

By following these steps and understanding the distinctions between buying power and withdrawable cash, you can effectively manage and withdraw funds from your Robinhood account.

How Long Will It Take to Withdraw Money from Robinhood After Selling?

Are you wondering how long does it take to withdraw money from Robinhood after selling? Well, Robinhood follows a standard procedure when it comes to fund availability after stock sales on their platform, so when selling on Robinhood you should expect it take multiple steps before being available for withdrawal.

Trade Settlement Period: It is critical to understand how trade settlement works. In the US, stock and ETF trading typically settle two business days post transaction date (T+2). For instance, if you sell shares on Monday morning (barring any holidays that might affect trading days). Only after this settlement period will your earnings from selling be considered cash within your account.

Conversion to Withdrawable Cash: Once a trade has settled, your funds should appear as withdrawable cash in your Robinhood account; however, the conversion of buying power into cash you can withdraw may require additional processing time - usually one to two business days or so after trading closes. Here is what typically happens: After T+2, your settled amount appears as cash in your Robinhood account and becomes available for withdrawal.

Processing Bank Transfers: Robinhood uses the Automated Clearing House (ACH) system for bank transfers, with transactions usually taking between one to three business days to be processed depending on how quickly your bank processes the funds. If initiating a withdrawal on Monday morning, funds could arrive as soon as Tuesday or take up to four days depending on its processing speed.

Why Can't I Withdraw Money from Robinhood After Selling?

In some instances, users find they cannot withdraw their money instantly after selling stocks through Robinhood. Here are a few possible reasons why can't I withdraw money from Robinhood after selling:

All the sales transactions must adhere to a T+2 settlement period. Any attempts at withdrawing funds prior to this time frame being complete will likely be denied or delayed; simply waiting until it has ended is often the best solution.

One of the key areas of confusion among new investors is discerning between buying power and withdrawable cash. Buying power refers to your account balance available for purchasing stocks or securities; it does not automatically translate to withdrawable funds after selling stock; those funds initially go toward your buying power before becoming withdrawable cash once settled.

How Can I Withdraw Money from Robinhood After Selling Stock?

You need to follow the steps mentioned below to withdraw money from Robinhood after selling stocks:

Open the Robinhood App - Sign in, navigate to your Account tab,

Tap Transfers (bank transfers) and choose Withdrawal Amount - ensure this amount falls within your withdrawable cash balance rather than buying power.

Select Your Bank Account - Simply choose which linked bank account you want funds deposited to, review and confirm details for your transfer, which typically arrives between 1-3 business days depending on ACH processing times.

How to withdraw buying power Robinhood?

To withdraw funds from your Robinhood account to your bank, follow these steps:

Open the Robinhood App or Website:

Log in to your account using the mobile app or visit the Robinhood website.

Access the Account Menu:

In the app, tap the Account icon (person icon) at the bottom right.

On the website, click on your profile icon in the top right corner.

Initiate a Transfer:

Select Transfers.

Choose Withdraw.

Enter the Withdrawal Amount:

Input the amount you wish to withdraw, ensuring it does not exceed your withdrawable cash.

Select the Destination Bank Account:

Choose the bank account linked to your Robinhood account where you want the funds deposited.

Confirm the Transfer:

Review the details and confirm the transaction.

Important Considerations:

Settlement Period: Funds from selling stocks or options typically take 1 trading day to settle (T+1). After settlement, these funds become part of your withdrawable cash.

Pending Deposits: Deposits from your bank account may take up to 5 business days to clear. During this period, these funds are part of your buying power but are not withdrawable.

Withdrawal Limits: Robinhood may have daily withdrawal limits. You can view your limits in the app under Transfers → Transfer limits.

Transfer Time: Standard withdrawals to your bank account typically take 3-5 business days to complete.

By following these steps and understanding the distinctions between buying power and withdrawable cash, you can effectively manage and withdraw funds from your Robinhood account.

FAQ:-

Where am I holding onto my money after selling on Robinhood?

Your funds will initially enter a settlement stage that lasts two business days (T+2). Afterward, your funds can be withdrawn as cash.

How long will it take for me to withdraw money from Robinhood after selling?

The overall process typically takes three or four business days: two for settlement and another one or three for bank transfer.

Why can't I withdraw the funds after selling through Robinhood?

Several factors could cause this delay, such as settlement period length, discrepancies between buying power and withdrawable cash, margin account requirements or withdrawal policies.

How do I take money out of Robinhood?

Once your funds have settled, navigate to the Transfers tab of your account, and select your bank, withdrawal amount and confirm. Funds should arrive in your bank within 1-3 business days.

How can I convert Robinhood buying power to withdrawable cash?

No additional steps should be needed for this; after the two-day settlement period has concluded, your buying power should automatically convert into withdrawable cash.

[cashappreviewus]

How Do I Withdraw Money from Robinhood?

It is important to withdraw money from your Robinhood account, particularly if you want to use your funds for your personal needs or reinvest them elsewhere. The process of withdrawing money from Robinhood involves only a few easy steps. Log in to your Robinhood account via the desktop or mobile site. Navigate to the Account tab located at the top or bottom right of the desktop interface. Select "Transfers", then "Transfer to Your Bank" from the drop-down menu. Enter the amount that you want to withdraw. Make sure it is within your withdrawable cash (which includes only settled funds). Confirm the transfer by reviewing the withdrawal details.

You should know the difference between settled funds and unsettled ones since only settled funds are able to be withdrawn. To avoid delays, make sure your bank account has been linked and verified. Robinhood does not charge any fees for withdrawals. However, you should check with your bank to see if there are any fees associated with incoming transfers. Robinhood Support is always available to help you if there are any problems, like delays or incorrect details. So, let’s begin and learn more about it.

How to Withdraw Money from Robinhood?

To take money out of Robinhood, you need to follow a few easy steps. Here is how to withdraw money from Robinhood:

Log in first to your Robinhood Account on your mobile device.

Click on the Account tab at the top-right corner.

You will find a "Transfers" option in the Account tab. To begin the withdrawal, click on this option.

Select "Transfer to your Bank" under the Transfers menu. This option will allow you to transfer funds from your Robinhood Account to your linked Bank Account.

Enter the amount you want to withdraw.

At last, recheck all the details before you hit withdraw button.

What is the most important thing to consider when withdrawing money from Robinhood?

There are a few things to consider when withdrawing funds from Robinhood:

1. Unsettled Funds vs. Settled Funds

Settlement Funds: These funds are from stock sales that have been settled, usually two business days following the date of the trade (T+2).

Unsettled funds: These are funds that have been traded recently but have yet to be settled. Unsettled funds can only be withdrawn once the settlement is completed.

2. Withdrawable Cash

The amount of cash that you can withdraw from your account is called "Robinhood withdrawable cash." This includes settled funds but excludes funds that are tied up in unresolved trades or pending transactions.

3. Withdrawal Limits

Robinhood may have daily withdrawal limits. Make sure that you withdraw at most the daily withdrawal limit. You may have to make multiple withdrawals if you want to withdraw more money.

4. Bank Account Verification

To process a withdrawal, your bank account must be linked and verified to your Robinhood Account. To avoid delays, ensure that your bank information is accurate and up-to-date.

5. Charges that may be incurred

Your bank may charge fees on incoming transfers, even though Robinhood does not. Consult your bank for any fees or restrictions.

What should I do if Robinhood's withdrawal is delayed?

Here is what you need to do if Robinhood withdrawal delayed:

Check your account status, and contact Robinhood Support if needed.

Make sure that the amount of cash you can withdraw is equal to your available cash. You may have yet to receive your funds if you recently traded.

Verify your bank details and whether your account is linked properly to Robinhood. Transfer failures can be caused by incorrect information.

FAQ

Can I withdraw money from Robinhood to a different bank account?

You can withdraw funds from your Robinhood account to any verified bank account.

What is the minimum amount I can withdraw from Robinhood?

The minimum withdrawal amount is not specified, but it must not be greater than your withdrawable cash.

What happens if I try to withdraw unsettled funds?

The transaction will be rejected if you try to withdraw funds that have not been settled. Before you can withdraw funds, they must pay.

Can I cancel a Robinhood withdrawal request?

A withdrawal request cannot be cancelled once it has been submitted. Please verify that the details of your transaction are correct before you confirm it.

[market-news-24]

In an exciting development for cryptocurrency investors, one particular stock has seen a remarkable 30% increase in value in 2024. Analysts are predicting that this trend could continue, leading to even greater gains in the near future. Investors are advised to keep a close eye on this stock as it has the potential for further growth. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Robinhood's latest earnings report revealed some positive developments. After facing significant challenges in recent years, including a drastic drop in its stock value, the online brokerage platform has seen a turnaround in 2024. The stock Market's upward trend has brought back users to Robinhood, leading to increased transaction revenue. One major growth area for Robinhood is its cryptocurrency segment, with revenue more than tripling year over year in the first quarter of 2024. This surge in revenue has contributed to a 30% increase in Robinhood's stock value this year. A key metric for Robinhood is its monthly active users (MAU), which had been declining up until recently. However, MAU has started to rise again, currently standing at 13.7 million. Additionally, the company saw a record-high number of funded customer accounts and a significant increase in asset value held within these accounts. In terms of revenue, Robinhood reported a record $618 million in Q1, with transaction revenue increasing by 59%. The standout performer was the cryptocurrency segment, which experienced a 232% revenue growth. This shift towards transaction revenue is crucial for Robinhood's financial performance, especially with interest rates expected to decrease. Despite operating costs falling by 52% in Q1, Robinhood managed to achieve a GAAP net income of $157 million, a significant improvement from the previous year. The company's strategic initiatives, such as introducing a retirement offering, are starting to pay off, with assets under custody for the retirement segment reaching $4 billion. With a current valuation of nearly $15 billion and a price to sales ratio of 7.6, Robinhood's stock may have more room for growth, especially as its revenue continues to increase. The company's focus on expanding its product portfolio and attracting new customers bodes well for its future revenue potential. Overall, Robinhood's recent performance and strategic initiatives suggest that there could be further upside for investors in the future. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is a cryptocurrency stock? A cryptocurrency stock is a digital asset that represents a share of ownership in a company that operates in the cryptocurrency or blockchain industry. 2. Why is this particular cryptocurrency stock up 30% in 2024? The cryptocurrency stock may be up 30% in 2024 due to factors such as increased demand for its products or services, positive news or developments related to the company, or overall Market trends in the cryptocurrency industry. 3. How can I invest in this cryptocurrency stock? You can invest in the cryptocurrency

stock through a cryptocurrency exchange or stock trading platform that offers access to trading for the specific stock. Make sure to do your research and understand the risks involved before investing. 4. What factors could cause this cryptocurrency stock to keep soaring? Factors that could cause the cryptocurrency stock to keep soaring include continued growth and adoption of its products or services, positive developments in the cryptocurrency Market, and overall Market sentiment towards the company. 5. What are the risks of investing in this cryptocurrency stock? Some risks of investing in this cryptocurrency stock include Market volatility, regulatory changes in the cryptocurrency industry, and potential security risks associated with holding digital assets. Be sure to carefully consider these risks before making any investment decisions. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[moorheadthanyoucanhandle]

DUMBDOG MILLIONAIRE

Now open in Phoenix; wide on October 6:

Dumb Money--As with 2015's The Big Short, there were plenty of twists and turns in this movie that my finance-challenged brain had to struggle to keep up with. Also like The Big Short, this chronicle of the weird January 2021 boom in GameStop stock is waggish fun. But it's easier to root for the heroes here, because, as least as this movie tells it, they're ordinary people sticking it to rich hedge fund jerks rather than rich hedge fund jerks sticking it to all of us.

GameStop, a Texas-based video game retailer that had been a mall mainstay since the '80s under one name or another, had been in decline since the rise of online game purchasing. The COVID pandemic seemed like the death knell for the company, and hedge fund short sellers were moving in.

Dumb Money's focus is on Keith Gill (Paul Dano), a small-potatoes analyst and broker from Brockton, Massachusetts. Gill had a day gig at MassMutual but spent his evenings in his basement making funny YouTube videos on investing, and posting on other social platforms that I don't understand. He believed that GameStop stock was undervalued, and his enthusiasm helped to cause an explosion in its price that made the short sellers sweat.

But the "dumb money"--apparently that's what hedge fund folk call individual small investors--was sweating too, of course. The movie, directed by Cruella's Craig Gillispie from a script by Lauren Schuker Blum and Rebecca Angelo (based on Ben Mezrich's's book The Antisocial Network), jumps around among a variety of GameStop investors who were riding the wave with Gill, and resisting the temptation to sell as a matter of economic principle, to the horror and bafflement of their families and friends. These include America Ferrera as a struggling Pittsburgh hospital worker and single mom; Talia Ryder and Myha'la Herrold as Texas college students besotted both with the investment and with each other, and Anthony Ramos as a GameStop employee who buys in.

I presume that some or all of these people are fictional "composites" representing the online rabble who collaborated on the short squeeze. They're nicely played and sympathetic. The millionaire and billionaire vultures are based on real players: Seth Rogen as Gabe Plotkin and Nick Offerman as Ken Griffin and Sebastian Shaw as Robinhood's Vlad Tenev and Vincent D'Onofrio, extra-creepy, as Steve Cohen. A scurvier bunch of parasitical cruds you'd have a hard time finding. Shailene Woodley is touching as Keith's supportive wife, Kate Burton and Clancy Brown are believable as his parents, and Pete Davidson is a perfect fit as the idiot brother.

Driven forward by a lot of stately, foul-mouthed hip-hop on the soundtrack and tricked out with split-screens and montages, Dumb Money cruises along absorbingly and, despite copious comedy, with an ambiguous tension--I wanted to see the hedge fund guys squirm, but I was anxious for the everyday people when they didn't sell. They, after all, need the money. The incidental backdrop of COVID adds to the unnerving atmosphere; the masks and empty malls and streets create an almost sci-fi flavor at times. It may be the first pandemic period piece.

Although the GameStop boom had fans as diverse as Elon Musk and AOC, I was never sure, watching this movie, that I wasn't falling for a simplistic interpretation of the events--the little guys banding together to take the big boys, who have rigged the system so only they can win, down a few notches. Is there another side here? I mean, no doubt GameStop was undervalued, but was it really that undervalued? Did this amount to a whimsical, sentiment-based pyramid scheme, even if it was motivated altruistically rather than as a con job?

One of the posters for the film reads "THE TOP 1% THINKS YOU'RE DUMB." No doubt they do, and as far as finance is concerned, in my case they aren't wrong. So if there's another, more negative, legitimately dumb side to this story, I'm not smart enough to see it.

In any case, I'm not prepared to shed a tear for the hedge funds. Despite the hit some of them took, in the end, the well-connected big investors appear to have pulled strings and avoided ruination; the film resigns itself to the game being rigged. But it also suggests that the big boys will think twice before they ignore the dumb money again, and it claims this as a triumph. As the movie presents the story, it's all but impossible not to invest in it--invest emotionally, that is.

[lingerieday]

A Millennial's Guide to Finance Management

The age of avocado toast, digital revolutions, and societal redefinitions. Being a millennial means navigating a world vastly different from that of previous generations. With economic challenges and opportunities that are unique to the 21st century, managing finances as a millennial requires a tailored approach. This guide dives into the ins and outs of finance management for the digital age's trailblazers.

1. Introduction: Understanding the Millennial Financial Landscape

Shaped by the rise of the internet, the 2008 financial crisis, and a shift in societal values, millennials face both hurdles and advantages in financial management. From student loans to cryptocurrency, it's a brave new world.

2. Tackling the Student Loan Dilemma

Understanding Your Loan: Know your interest rates, terms, and repayment options.

Refinancing Options: Consider consolidating or refinancing for better rates.

Balancing Act: Don't forgo savings or investments entirely to pay off loans quickly.

3. Embracing Technology in Personal Finance

a. Budgeting Apps: Tools like Mint or YNAB that automatically categorize and track expenses. b. Investment Platforms: Apps like Robinhood or Acorns that democratize investing.

4. Setting Clear Financial Goals

Short-Term Goals: Saving for vacations, emergency funds, or buying a new gadget.

Long-Term Goals: Homeownership, retirement, or starting a business.

5. The Importance of an Emergency Fund

A cushion of 3-6 months' expenses can safeguard against unexpected job losses, medical emergencies, or urgent car repairs.

6. Investing for the Future, Today

a. Start Small: Embrace micro-investing platforms. b. Understand the Market: Educate yourself before delving into stocks or crypto. c. Retirement Accounts: Don't underestimate the power of 401(k) or IRA contributions.

7. Navigating the Housing Market

Renting vs. Buying: Understand the pros and cons. Sometimes renting makes more financial sense.

House Hacking: Renting out a part of your property can offset mortgage costs.

8. Being Credit Savvy

a. Importance of a Good Credit Score: It affects loan approvals, interest rates, and even job applications. b. Monitoring and Building: Use credit responsibly and monitor through free services like Credit Karma.

9. The Gig Economy and Side Hustles

Harness the digital age:

Freelance Platforms: Websites like Upwork or Fiverr offer myriad opportunities.

Sharing Economy: From Airbnb to Uber, there are many ways to earn.

10. Traveling Smart: Seeing the World on a Budget

a. Travel Hacking: Leverage credit card points and frequent flyer programs. b. Budget Travel: Explore off-the-beaten-path destinations or travel during off-peak times.

11. Decoding Insurance: Health, Auto, and Beyond

Understanding the importance of being insured and how to find the best deals without compromising on coverage.

12. Sustainable and Ethical Finance

a. Green Investing: Put your money where your values are. b. Supporting Ethical Companies: Be it through investments or purchases, support businesses that align with your values.

13. Continual Financial Education

Podcasts and Blogs: Stay updated with changing financial landscapes.

Books: Classics like "Rich Dad Poor Dad" offer timeless advice.

14. Planning for Major Life Events

a. Weddings: Budgeting for the big day without breaking the bank. b. Children: Understanding the financial implications of expanding your family.

15. Avoiding Common Financial Pitfalls

a. Impulse Purchases: The allure of online shopping deals can add up. b. Being Under-insured: Skimping on insurance can lead to huge bills later. c. Not Reviewing Financial Statements: Regularly review bank and credit card statements for mistakes or fraud.

Conclusion

While the financial journey of a millennial may be peppered with challenges, it is also ripe with opportunities. By leveraging technology, staying informed, and making strategic decisions, millennials can pave a path of financial stability and success. This era, with its blend of traditional financial principles and new-age opportunities, offers myriad avenues to thrive. Remember, it's not about how much you earn, but how wisely you manage, save, and invest.

[ailtrahq]

According to a recent report, Robinhood, an online brokerage, has announced a share repurchase agreement with the United States Marshal Service. Consequently, the company aims to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies for $605.7 million. The stocks in question came under the US government’s purview after Sam Bankman-Fried’s FTX and Emergent filed for bankruptcy protection last year. This development has seen Robinhood shares rise by 2% in pre-market trading, indicating a positive response from the market. $HOOD Robinhood to buy back Bankman-Fried's stake for $605.7 mln from US govt — Stockwits Acade〽️y (@mikalche) September 1, 2023 Bankman-Fried’s Downfall Six months before the bankruptcy filing in November, Bankman-Fried disclosed a 7.6% stake in Robinhood. However, he emphasized no intention of gaining control over the retail trading platform. Moreover, while the former billionaire was optimistic about Robinhood’s business prospects, the subsequent collapse of FTX proved detrimental to his fortunes. Besides the bankruptcy, Bankman-Fried faces legal battles despite pleading not guilty to allegations of fraud linked to the November 2022 downfall of FTX, a cryptocurrency exchange. Given the complexities surrounding the seized shares, Robinhood’s Chief Financial Officer, Jason Warnick, mentioned the priority of acquiring these shares “free and clear of any claims.” Additionally, the company plans to work closely with the U.S. Department of Justice to navigate this intricate situation. Moreover, Robinhood’s decision to repurchase shares from Emergent Fidelity Technologies had been disclosed as early as February. This decision, approved by the U.S. District Court for the Southern District of New York, reflects the online brokerage’s proactive stance. Impact on Robinhood’s Performance The recent share repurchase announcement has seen Robinhood’s stock making gains. However, the company faces challenges as retail investors, once active on Robinhood’s platform, appear hesitant amidst volatile market conditions. Despite these hurdles, Robinhood reported revenue of $380 million for the quarter ending Dec. 31, showcasing resilience. The deal with the US government marks a significant chapter for Robinhood amidst the broader financial and legal landscape. The coming months will shed more light on how these developments impact the company’s trajectory and the retail trading sphere. Source

[mint-moon25]

WED - 05 APR 2023 - MY - USA - REGISTERED - BIRTHDAY -

BORN - IN - MANILA - MONDAY - 05 APR 1965 - BABY - OF -

THE - MONTH - 10:30P PHT - EXACT - TIME - OF - BIRTH -

BABY - SUITE - FREE - 1 YEAR - FREE - FOOD - TOYS AND -

CLOTHES - MORE - FREE - BUT - MY - REAL - BIRTHDAY -

THE - REAL - 'BABY - OF - THE - MONTH' - 10:30P PHT -

ANN MILLER - MGM - MUSICAL - BORN - IN - MAKATI -

NEXT - 2 - MANILA - CAPITAL - AND - 12 APR 1964 -

CHINESE - YEAR - OF - THE - WOOD - DRAGON - & -

NOT - SEDUCTIVE - CHINESE - YEAR - OF - SNAKE -

SEO EUN KIM - FORGIVE - SPELLING - 'SCHOLAR -

WHO - WALKS THE - NIGHT' - DRACULA VIOLENT -

LEE JOON GI - EXTREME - VIOLENCE - TOTALLY -

TODAY - REGISTERED - BIRTHDAY ONLY - AGE 58 -

USA - NATURALIZED - SAME - BIRTHDAY - AS YES -

LILY JAMES - 'CIDERELLA' - DISNEY - ENGLISH -

ACTRESS - GUILDHALL - SCHOOL - OF - MUSIC -

AND - DRAMA - LONDON - ENGLAND - UNITED -

KINGDOM - UK - BEGAN - BRITISH - TV SERIES -

BIRTH - 05 APR 1989 - AGE 34 - BORN - IN YES -

ESHER - 5'7 FT - I'M JUST - MARILYN MONROE -

5'5 FT - TODAY - AS - PREDICTED - BY - GIRLS -

PHILIPPINES - AFTER - HOURS - PENDING NO -

LONGER - TOMORROW - $1 - NEW - HRS - OF -

DISPUTE - BLOCKING - ROBINHOOD - FROM -

STEALING - $$$ - $1 - FR - OLD - RECORDS IS -

NO - LONGER - DISPUTE - TEAM - BUT - JUST -

CUSTOMER - SERVICE - PINAY - PHILIPPINES -

GIRL - ANSWERED - GUESS - SHE - LIVES - IN -

LAS PINAS - N - LIKE - SPANISH - CURVY AND -

SHE - DIDN'T - EVEN - KNOW - WHO - IS THEIR -

MAYOR - NOW AGAIN - MY - PHILIPPINE AUNT -

WHO - IS - 300 LBS - DEEP - TAGALOG - I YES -

DON'T - TALK - 2 - HER - IS - SO - VERY DEEP -

'HURTS - MY - HEAD' - MY - LOLO - INSTEAD -

LAST - CENTURY - MAYOR - FRIEND - OF YES -

MARCOS - WHO - I - MET - FERDINAND E - HE -

SAID - 'RUN - 4 - MAYOR' - THEY - LOVE - YOU -

AND - HE - WON - EXCELLENT - TAGALOG - & -

GOOD - ENGLISH - MY - FAVORITE - LOLO - 2 -

ALBINO AGUILAR - THOSE - 'ALBINO's' - YOU -

KNOW - BOTES - OF - PAPAYA - NUEVA ECIJA -

GORGEOUS - MALES - SANTA CRUZAN - YES -

ESCORTS - MAY - CATHOLIC - FESTIVITIES -

SHE - CHECKED - AND - ROBINHOOD - YES -

STOLE - FR - MY - NO - LONGER - THEIR -

RECORD - MY - FREE - CHECKING - ACT -

FIFTH - THIRD - BANK - IF - THEY - JUST -

STORE - FR - DEBIT - CARD - THEN NEW -

DEBIT - CARD - 'NO - BIG' - BUT - THEY -

STOLE - FR - CHECKING - LIKE - PLANET -

FITNESS - GOING - THERE - TODAY - YES -

2 - GET - CANCELLATION - FORM - OF -

$4.15 - CERTIFIED - MALE - EXIT - TRAIN -

KNIGHT CENTER - NEXT - 2 - EDIBLE YES -

FRUITS - EDIBLE.COM - EDIBLE - TRUE -

ARRANGEMENTS MIDDLE - US POSTAL -

NEXT - 2 - 1ST HONG KONG - CAFE YES -

LUNCH - SOFT - GREAT - EGG DROP SOUP -

BEEF - AND - BROCOLLI - EXCELLENT XO -

TIP - REQUIRED - 4 - TABLE - NO - BIG - IN -

PRICE - 2 GIRLS - SERVE - YOU - VERY -

PLEASANT - NICE - ATMOSPHERE BUT -

I - RECOMMEND - BEEF - NOT CHICKEN -

SO - FIFTH - THIRD BANK - 53.COM - AT -

THE - PRESENT - TIME - CAN'T - BLOCK -

$1 - ROBINHOOD - THEFT - UNDER LOSS -

FR - STOCKS - SO - TAX - DEDUCTIBLE -

I'M - REPORTING - 2 - IRS - THEIR - YES -

THEFT - FR - RECORDS - 4 - I - CLOSED -

ACCOUNT - 2 PARTS - AND - REMOVED -

CARD - CHECKING - ON - FILE - THEY -

OWE - ME - $1 - BEEN - 2 WEEKS YES -

NONE - RECEIVED - STOLE - $1 - INSTEAD -

OWE - ME - OVER - $5 - FR - SELLING - A -

STOCK - BUT - MAYBE - IN - 2 - MONTHS -

ONLY - RELEASING - $0.76 - INSTEAD SO -

APP - 2 - ID - ATTEMPTS - 2 - GIVE - FRNT -

BACK - HIGH - WI FI - 2 - MAKE - THAT -

WORK - THEY'RE - REAL - THIEVES XO -

LIKE - VERIZON - WIRELESS - BOTH XO -

APPS - WEBSITE - NON-FUNCTIONING -

ROBINHOOD - OVER - 3 HRS - 2 - TALK -

TEL - OR - CHAT - BOGUS - HUMANS -

SO - TOLD - PINAY - GENTLY - DISCONTINUING -

BANK - IN - FUTURE - EMBRACING - MIAMI - FL -

NO - FIFTH THIRD - HERE - ALSO - BANK - OF -

AMERICA - BUSINESS - BANK - $250 - SPEND -

OR - $16.95 - MONTHLY - USA - BANKS - DEBIT -

CARD - LIMITS - DAILY - $3,000 - BUT - NONE -

4 - B of A - SPENDING - BUSINESS - ACCOUNT -

MORE - THAN - $1 MILLION - $5 MILLION YES -

DAILY - BUSINESS - CONVERSATION - WRITE -

A - LITTLE - WITH - IRS - 2 - CLAIM - TAX YES -

DEDUCTIBLE - BUSINESS - TRIPS - LUNCHES -

SO - WHY - I - TALK - BUSINESS - ALL - THE -

TIME REQUIRED - BY - INTERNAL REVENUE -

SERVICE - EASY - 2 - FIND - CALL - CANTERS -

PHILIPPINES - AGUILARS - RENTALS - OF -

APTS - CONDOS - HOUSES - REAL CHEAP -

CALL - CENTER - HIRED - BY - FIFTH THIRD -

TOLD - HER - FIND - OUT - WHO - REALLY IS -

HER - RENTER - IN - LAS PINAS - SPECIAL N -

IF - AGUILARS - I'M - GIVING - HER - THAT -

OR - BETTER - LIFETIME - FREE - RENT & -

FREE - MERALCO - ELECTRICITY - BILL 4 -

CHANGING - 2 - SOLAR - FREE - ELECTRICITY -

SO - BETTER - APT - OR - SAME - FREE 4 HER -

RENT - AND - ELECTRICITY - BECAUSE - TAX -

DEDUCTIBLE - 4 - ME - LIKE - ENDING - THE -

POVERTY - OF - TONDO - MANILA - CREAT'G -

FUNDS - LIKE - ST JUDE's - CHILDREN - YES -

RESEARCH - HOSPITAL - WHY - MY - TAXES -

$0 - 4 TIMES - PER - YEAR - ADDING TONDO -

MANILA - SO - NO - MORE - POVERTY THERE -

TAX - DEDUCTIBLE - 4 - ME - BENEFITS - 4 U -

TOTALLY - COOL - SO - DEDUCTING - $1 FOR -

ROBINHOOD - REPORTING - THEFT - 2 - IRS -

MY - AMAZON - CANDLES - AND - EARPLUG -

ARRIVED - YESTERDAY - AT - MARY BRICKELL -

VILLAGE - HUB - LOCKER - GETTING - I - WILL -

EAT - HAM - AND - MULTI - GRAIN - NOW -

$2.99 - FR - $2.79 - GETTING - THAT AND -

PURPLE - OLIVES - MAYO - NO - REFRIGERATOR -

LISTED - SALAD - LEAVES - AND - MORE - EVOV -

AT - STORAGE - UNIT - ORGANIC - MARUCHAN -

APPLE - CIDER - VINEGAR - SO - NICE - WILL -

LEAVE - SOON - AFTER - CHECKING - MY $$$ -

FOOD - STAMPS - EBT - HOW - MUCH - LEFT 2

[bestpennystocks]

All of the excitement in penny stocks this year has traders looking for places to call home. The issues faced by Robinhood users recently, thanks to a massive spike in certain stocks, have some traders searching for a new broker.

If you search through some of the discussions on places like Reddit, penny stock traders are finding that brokers like Webull and Fidelity have come into focus. I’m not endorsing any single broker over another. But seeing different trends is important. One of the big reasons is that now we’ve got traders who’re used to only trading penny stocks on Robinhood that’ve never been able to access OTC stocks before. Other brokers, including Webull, have also followed this path...Continue Reading On PennyStocks.com

[avidtrader]

MUST WATCH: 100% Win Rate Trading Stocks Long And Short!

🚨MUST WATCH🚨: 100% Win Rate Trading Stocks Long And Short! https://www.youtube.com/watch?v=QAxWlpiBqBQ Every call out we have made on Avid Capital, both long and short have had a positive success rate. So far we have not lost one single trade both day trading and swing trading stocks. ✅ Subscribe To My Channel For More Videos: https://www.youtube.com/@AvidCapital/?sub_confirmation=1 ✅ Stay Connected With Me: 👉 (X)Twitter: https://twitter.com/RealAvidCapital 👉 Stocktwits: https://ift.tt/4bg8vMk 👉 Instagram: https://ift.tt/s8Nnfaj ============================== ✅ Other Videos You Might Be Interested In Watching: 👉 The ULTIMATE Guide to Finding Hidden Gem Stocks | AvidTrader https://youtu.be/pZAKJLk9o0I 👉 🧨GameStop Short Squeeze 2.0 Incoming??🧨 https://youtu.be/XeFVaq4BHfU 👉 🙌💎 When Should You Diamond Hand a Stock? 💎🙌 https://youtu.be/ZO62i0cq0PQ 👉 This Penny Stock is a GUARANTEED Double!! https://youtu.be/Yx6wZNz95dM ============================= ✅ About AvidTrader: Value Investor. Discussing Day & Swing Trades Also Long Term Investments! Stock Breakdowns. Grow Your Trading Account Effectively. Technical Analysis and Pattern Recognition. How to Make Money, But More Importantly Learning & Having Fun in The Process! Avid Trader is not a Series 7 licensed investment professional, but a digital marketing manager/content creator to publicly traded and privately held companies. Avid Trader receives compensation from its clients in the form of cash and restricted securities for consulting services. 🔔 Subscribe to my channel for more videos: https://www.youtube.com/@AvidCapital/?sub_confirmation=1 ===================== #swingtrading #tradingstrategy #tradingtips #stockmarket #stocktrading #avidtrader #robinhood #basedbrett Disclaimer: We do not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of reading any of our publications. You acknowledge that you use the information we provide at your own risk. I am not a certified financial advisor and you must do your own research and due diligence before ever buying or selling a stock. never trade solely based on someone else's word or expectations of a stock! Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use © AvidTrader via AvidTrader https://www.youtube.com/channel/UCK_XU3FW-ffEK8BG5EisnNA September 27, 2024 at 08:46AM

[thesdrshowofficial]

From cloud-based scooters to internet fridges, society’s ever-growing reliance on network connected devices for every facet of life has forced network speeds through the roof and 5G technology is the latest instalment in high-speed data transfer saga.  This technology, and the companies deploying it, could see some excellent growth down the line. Let’s take a look at the BEST 5G stocks to buy right now!

[volcanokids]

Hey idk who needs to hear this but the shit going on with Robinhood and Gamestop right now should make you really fucking angry and I’ll tell you why

If you’re not up to speed on the situation, here’s some good posts explaining it. The gist is that using completely legal means, a bunch of individual retail investors (fancy words for normal ass people who, like the rest of us, have very little money) who invest on online brokerage apps (like Robinhood) bought stock in Gamestop after hedge funds worked hard to manipulate the market for their own gains. These average people interrupted the plans of these much larger hedge funds to essentially drive Gamestop’s stock price into the ground by buying all of the stock these companies had and holding onto it, which has now costed these hedge funds BILLIONS of dollars, and for once has disrupted their long standing practice of market manipulation to fuck people over and maintain the wealth of the 1%.

Otherwise average people with accounts on Robinhood, Fidelity, Webull, etc., have now taken and held a ridiculously huge amount of control over GME stock and the rich corporations invested into it and caused it’s growth to absolutely explode. I’ve seen COUNTLESS stories in which many of them turned hundreds of dollars into thousands, made enough much needed money to pay off debts, medical bills, or just to put into savings that they wouldn’t have gotten under other circumstances. They accumulated small fortunes and gave power back to the people, and best of all took that money directly out of the hands of greedy and corrupt billion dollar hedge funds.

But of course, there had to be backlash for this.

Last night (1/27), Robinhood took away its investors’ ability to buy any more stock in Gamestop than they already owned, and today has made its user base fully unable to trade Gamestop stock AT ALL unless it is to sell their already owned shares, like literally fully took away the button that lets you purchase GME stock, period. Straight up preventing trade like this to any degree in the free market, much less to favor billion dollar corporations, is incredibly blatant market manipulation which is very illegal, hence the class-action lawsuit that has already been filed against Robinhood. Hedge funds have lost literally BILLIONS of dollars to normal people trading stock legally, and Robinhood halting trade and making selling the ONLY option for Gamestop, AMC, and similar companies is their attempt at helping the hedge funds gain back their fortune after they failed to manipulate the market in their favor, and fucking over the average people who are invested on their platform in the process. 

Retail investors—regular people—when this happened, lost THEIR ability to buy, and therefore continue taking back the wealth held by the hedge funds, but this restriction on Robinhood has NO effect on hedge funds, who have now been able to buy and sell all day today (1/28) freely. They used the opportunity to drive the price of Gamestop down again, essentially trying to bail themselves out after they manipulated the market and fucked themselves over in the first place. So, Robinhood, several other trading brokers, CNBC, and any other large corporation who has pissed on Reddit for “manipulating the market” have also now revealed their alignment with these companies, who are the reason the wealth in America is as disparaged as it is. They’re complaining, shifting the blame, even making up straight up lies about retail investors being involved in the alt-right to defame the people who have beat them at their shitty game.  

People on Reddit saw the manipulation, played the game fairly, and hedge funds are STILL trying to fuck them over for daring to touch the fortunes that they have gained by their shady as hell practices and fucked up the economy by hoarding. Reddit saw an opportunity to actually literally redistribute wealth, and these companies are trying to put us all in our place and keep that from happening by extremely corrupt means.

Market manipulation has been going on for a very long time with very little pushback from the people who actually take the blow when the market tanks—i.e. lower to middle class people who can’t afford bailouts and end up broke and out of jobs when the market crashes. The crash of ‘08 was caused by big brokers doing illegal shit and fucking around with people’s money with absolutely no personal repercussions. No lawsuits (or at least no lawsuits that did fuck all about it) no jail time for anyone responsible, nothing. Not only has this Gamestop movement taken back some of the wealth, we are beginning to finally hold these companies accountable. Again, as of right now, a class-action lawsuit has been filed against Robinhood for their blatant market manipulation, and hedge funds invested in GME have lost over 5 billion dollars.

We always talk about eat the rich, fuck the 1%, redistribute the wealth. I know the stock market is confusing—it’s made that way on purpose—and I understand anyone’s personal reluctance to participate in the stock market directly because of the hatred for it’s capitalistic nature and everything it’s done wrong and every way it’s failed so many people. But, if you want to actually be a part of a movement that is literally taking billionaire’s wealth and redistributing it right now, show support on social media for the people putting in time and money to make this happen.

I am not qualified at all to give financial advice, and I can’t in good faith tell anyone to buy stocks, ESPECIALLY knowing many, many people do not have the disposable income to be able to do so. Do not spend money you don’t have. But the media is going to and has been altering the narrative, making the small investors look like they’re being corrupt. Do not believe them. They’re often paid out or owned by these big corporations in the first place, they do not give a shit about any of us, about ruining our lives, about taking everything we’re worth. They’ve done it forever. But the HUGE number of people buying GME, supporting, and cooperating with each other with the solitary goal of fucking over these hedge funds, fighting them and beating them at their own game is scaring the absolute shit out of them. It’s becoming a movement that’s being compared to another occupy wall street. It’s showing people they have the power to instigate change and could legitimately lead to an entire restructuring of the system if we play our cards right. Of course changing one capitalist system into another capitalist system is not ideal nor is it the goal, but this whole thing has very quickly become a movement backed by A LOT of people who have knowledge about the system, have seen it work and seen it get corrupted in real time, acknowledged exactly where it fucks us all over, and are beginning to break it down by exposing a huge and obvious instance of corruption at the hands of billionaires.

If you can do nothing else, educate yourself about all the fuck shit these companies are doing, rally support on whatever social media you use, keep posting diamond-hands-we-like-the-stock-gme-to-the-moon-memes, put pressure on the brokerage apps like Robinhood who are manipulating the market and let them know there will be hell to pay. Robinhood is sitting at a well deserved one star review on the google play store for their shitty actions and has gotten burned over and over on twitter, lots of investors are planning a mass exodus and closing their Robinhood accounts when all this shit is over, as WELL as the lawsuit, and all of it has garnered the attention of some very influential figures who now have our backs. All of the repercussions they’re facing is the direct result of our outrage and backlash. Be outraged with us and let’s make real fucking change.

GME to the fucking moon everyone 🚀

[prolifeproliberty]

GameStonks Update 2/1:

Good morning! Here’s what we know so far:

- Hedge Funds are actively lying about covering their short positions. They’ve even taken out ads to tell people they covered - but there is zero data to back up those claims. The only way for them to cover without anyone being able to see them do it would be through private sales, and no one source has enough shares to cover what they’re claiming.

- Even S3, which has been providing reliable intel during this time, seems to be falling in line with the HFs. They sent their subscribers an email saying that HFs had covered much of their short positions, but again providing no data to back this up.

- This appears to be the best place right now to see accurate data on short interest. However, I expect to see more lies and manipulation of data in the coming days.

- Robinhood put our a statement blaming their “clearing house” for the limits on trading. However, it appears that some time ago they set up their own clearing house because of past problems with the one they used to use. Huh.

- Troll accounts are flooding the r/WallStreetBets subreddit trying to convince people to jump into other stocks and funds, claiming they’re “the next big one.” Many are promoting silver, to the point that media reports are claiming WSB is going to silver next.

This is also false. Actual long-term WSB members are saying to hold, and are warning against what appear to be efforts from HFs to distract people and get them to split their portfolio.

- Wall Street is terrified. All of their lies and scare tactics are evidence that they are terrified of everybody continuing to hold GME and forcing them into a corner.

If they had an exit strategy, they wouldn’t be so intent on getting us to sell. They wouldn’t give a crap if this collapsed under us. They would simply stop talking about it and hope we’d get bored and move on, and not watch them quite so closely.

There will be more attempts this week to divide The People and turn us against each other. Don’t fall for it.

Hold. The. Line.

[mostlysignssomeportents]

Understanding the aftermath of r/wallstreetbets

A couple days back, I wrote up my best understanding of what happened with /r/wallstreetbets and meme stocks like Gamestop, trying to show how all the different, seemingly contradictory takes on the underlying financial stuff could all be true.

https://pluralistic.net/2021/01/28/payment-for-order-flow/#wallstreetbets

In the days since, a new series of contradictory takes has emerged, these ones disputing the meaning of this bizarre financial spectacle, and likewise what response, if any is warranted as it unfurls.

I think that all of these takes can also be true, and as with the trading itself, reconciling them requires that we widen the frame.

Let's start with Jimmy Carter.

In 1978, Carter's IRS created the 401(k), a tax-sheltered account for people who wanted to gamble on stocks to fund their retirement.

That was a fringe proposition at best.

The normal retirement system was a "defined benefits" pension where your employer guaranteed you a certain monthly percentage of your salary from retirement to death.

The vast majority of Americans wisely prefered a guaranteed payout to a tax-advantaged gambling account.

Obviously, right? On the one hand, you have the guarantee of a pension (maybe even inflation-indexed); on the other, you have a bunch of bets, that, if they go wrong, leave you literally homeless and starving.

When gamblers remortgage the family home and cash in the kids' college funds to play the tables, we consider them to have a mental illness, a pathological condition that harms them and the people around them.

Giving up a defined benefits pension in favor of a 401k is just the same kind of bet - staking all the money that will support you when you exit the workforce on the movement of stocks and bonds.

Who would do that voluntarily?

Pretty much no one. But the transition from defined benefits to 401k was not voluntary. Finance ghouls like Ethan Lipsig wrote memos to major employers like Hughes Aircraft showing them how they could ditch their pension obligations by moving workers to 401ks.

In the 80s, Reagan created a bunch of legal tools that allowed employers to coerce their workforces into giving up the security of a pension and force them into gambling their salaries on the prayer of a win in the markets.

This was insanely, amazingly great for the finance sector, in three ways:

1. It made companies more profitable. Guaranteeing that the workers whose labor made your company viable wouldn't spend their dotage starving and homeless is expensive.

Helping fund wagers on shares is much cheaper. The finance sector represented the major shareholders of the companies that transitioned to 401ks. The savings were transferred to these shareholders and the finance sector got commissions.

What's more, this temporary inflation of share prices disguised what was going on with the pension switcheroo: workers' defined benefits pensions were liquidated and turned into stocks, just as stocks were going up because their pensions had been liquidated!

Their legs had been amputated out from under them, but so subtly that they didn't yet feel the pain - and now their bosses cooked their legs and snuck them into their dinner, and everyone marveled at how full they felt after that hearty, meaty meal.

2. 401ks brought a lot of suckers to the table. The market was - and is - dominated by "sophisticated investors," AKA predators, who knew all the ways to fleece the rubes who had no idea how any of this worked.

The predatory nature of finance only increased over time. Hedge funds, for example, exist to find unethical practices that are legal (thanks to loopholes in the rules) and exploit them until they are illegal.

3. 401ks created a political force outside the finance sector that would lobby on its behalf. Transforming America into a nation of stockholders meant that workers had to choose between supporting rules that protected their jobs and rules that protected their retirement.

For your pension account to grow, you had to support policies that permitted finance ghouls to offshore your job, or misclassify you as a contractor, or eliminate the safety rules that prevented you from being maimed, or take away your right to sue for compensation.

Every time there's a particularly ghastly bankruptcy driven by PE or hedge funds - Toys R Us, Sears, etc - it emerges that at least some of that money is coming out of a union pension fund.

That's marketization - turning the once obscure, boring business of market-based capital allocation into a matter of import to everyday people.

Marketization begat financialization.

While marketization is primarily about capital allocation (who gets what money), financialization is about bets. Sometimes those bets are about things - businesses, houses, coal and timber - but things are limited. Mostly the financial market consists of bets on other bets.

Bets are infinite. Every time you make a bet, you create inventory for a market in a bet on the outcome of your bet. And that's inventory for a new market: bets on the outcomes of bets on the outcomes of bets.

It's called Wall Street Bets for a reason.

Bets need referees, someone who decides who the winner is. In sports, it's a major scandal if a referee is caught wagering on one of the teams in a match. In the financial markets, it's the norm - referees that lay wagers on the outcome of the contest they're overseeing.

Let's take stock:

Workers are forced to play the casino, and if their bets fail, they spend their old ages homeless and starving;

The vast majority of casino games are wholly abstract - bets on bets on bets - and require layers of refs;

the refs are all crooked.

Every couple of years, we have a massive, systemic financial crisis, and every time that happens, the finance sector lobbies for a no-strings-attached bailout, abetted by suckers who hate the finance sector but fear starving in their old age.

We're about to be engulfed in the second-largest crisis of our lifetime - the reckoning from trillions in capital market gains propped up by the Trump administration's policy of buying all corporate debt as a covid stimulus.

https://pluralistic.net/2020/09/28/cyberwar-tactics/#aligned-incentives

(the largest crisis of our lifetimes is a few years off, as the climate emergency piles losses on losses, stranding tens of trillions in assets, from fossil fuels to obsolete gas-stations to literally underwater coastal real-estate to whole towns incinerated by wildfires)

That's where we're at: a crooked casino that we've trusted our futures too, a crisis on the horizon, and a bunch meme-stock "players" who have thrown the normal weirdness of the market into stark relief through a spectacular stunt.

A lot of people are angry at Robinhood, the stock-trading platform at the center of all this. Robinhood froze trading on meme stocks, and has only allowed it to come back in a useless, performative trickle that is seemingly calculated to prevent more meme-stock gamesmanship.

Is Robinhood just another crooked ref? Yes…and no. The meme stock run upset the stable cheaters' equilibrium whereby cheating never escalated to the point where the game just collapsed.

For example, the total short position on Gamestop exceeds its total stock issuance.

Translation: there were more Gamestop shares promised between bettors than exist. When the game stops, all those promises come due, and they literally can't be paid off because there aren't enough tokens in circulation to settle all the debts.

Robinhood halted trading in part because the big fish upstream of Robinhood also halted trading, because they have even more at risk than Robinhood does if the game collapses - they the refs for MANY players, all the same size as Robinhood or larger.

https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop

But remember, the refs are cheating. And they are both downstream and upstream from other games in which the refs are also cheating.

And the games, as a whole, encompass our economy, including the solvency of the "real economy" (the people who make masks, deliver groceries and drive ambulances), and whether you spend your old age homeless and starving.

So the people who say, "Don't blame Robinhood, they didn't halt trading to help billionaires, they halted trading to prevent the game from collapsing are right."

But they're not the only ones who are right.

Also, there's the people who say that meme stocks aren't making money for little guys at the expense of the big guys. They're right too.

First, because these stocks will all need to be converted to cash, and that means selling them.

https://arstechnica.com/tech-policy/2021/01/the-gamestop-bubble-is-going-to-hurt-a-lot-of-ordinary-investors/

When the selloff starts, the price will plunge, because even if the stock was undervalued before, it's certainly overvalued now. Every bubble produces wealth for its early bettors who sell out to later players who lose everything when they can't find a sucker later on.

From Beanie Babies to subprime, bubbles burst and leave suckers holding the bag. If you just heard about meme stocks last week, you're too late to make money off of them.

There's another version of the "this isn't little guys, it's big whales" that's *also* true: the main beneficiary of the meme stock runs is giant funds who magnified and the bets from r/wallstreetbets and got out smart and fast.

https://twitter.com/zatapatique/status/1354904995901136896

So given all this, what can we make of calls (from parties as varied as AOC and Ted Cruz) to investigate Robinhood and other retail brokerages to see whether they're honest refs, or in the tank for billionaires?

At Naked Capitalism, Yves Smith calls this a "fatuous uproar," saying that the Senate has more important things to do during the racing-out-of-control pandemic than to investigate a literal penny-ante grift.

https://www.nakedcapitalism.com/2021/01/the-fatuous-uproar-about-robinhood-and-gamestop.html

Do we really care who the winner is in "a beauty contest between Cinderella’s ugly sisters" ("clueless new gen day traders versus clumsy shorts")?

Smith is right too.

A speculator-v-speculator contest that falls apart when the crooked ref halts play to prevent collapse - who cares who "wins?"

But here's how they can all be right - the "who cares" and the "goliath v goliath" and the "bubble" and the "Robinhood is a plutes' honeypot."

*If* there's hearings, and *if* those hearings expose the absurdity and corruption of the system, *then* there is a chance to build the political will to make real, systemic changes when the crisis comes.

And there's a real crisis coming: two, in fact. The covid junk bond financial crisis, which is due very soon, and the climate crisis stranded asset emergencies, which will unroll with increased tempo and intensity for decades to come.

The half-century cycle of "addressing" finance crises by increasing financialization MUST stop.

If the meme stock spectacle gets us to pay attention to hearings that reveal the irredeemable rot of the system, then it's a unique chance to spread *real* "financial literacy."

And that literacy is the necessary (but insufficient) precursor to taking action when the time comes - and the time is certainly coming soon.