> *Their whole business is to encourage folks that should not be day trading to ... | Hacker News

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		JumpCrisscross on Dec 13, 2018 \| parent \| context \| favorite \| on: Robinhood launches 3% checking account > Their whole business is to encourage folks that should not be day trading to day trade Less cynically, it’s building a book of investors who have likely never lost money in the stock market.

rconti on Dec 13, 2018 | [–]

It doesn't really matter; they're making the spread anyway, whether you make money or lose money.

HenryBemis on Dec 13, 2018 | [–]

Or Forex market. With carefuul activity Forex can make an 'easy' 20% per year. Stocks I would assume would give a 7-10%.

Knowing that RH gambles your money, it gives them plenty of profit :)

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