Posted on 01/29/2021 7:44:19 PM PST by SeekAndFind
There is I believe insurance through the Securities Investors Protection Corp. for up to $ 500,000 per account.
It says shares in the sentence with position limits so that means stocks.
Options trade in contracts, not shares.
Not if they limit customers to buying one solar panel.
If they seize 401ks that will bring on revolution.
I’m not even sure THAT would do it.
Robinhood in reverse.
Stealing from the poor, giving to the rich.
The PTB, Billionaires were shorting the stock. The kids decided to buy to show them up and take them to the cleaners. Now the PTB are stuck for the cash to make good on that difference. It’s costing them billions! LOL I think it’s hilarious. It calls out Wall Street as the exclusives only profit making scheme it is. God forbid the peasants should make a profit.
That’s funny.
My understanding is that a major way RH made their money was to loan out the shares held by the users of the app. Thus with the flash mob grabbing shares through RH, and after annoying much of their users by trying to protect those they loaned the shares to, RH is now in a short squeeze themselves. If you sell your shares from RH then buy them somewhere else RH has to produce the shares from somewhere, to send them to your new location.
That's why we got no commissions on trades, thanks to RH. The big problem for RH is they are in the process of having a ipo in a few weeks. Talk about a mess.
Is that guy a comedian at a comedy club or a real broker?
Considering GMs announcement they want to 100% electric by 2035, YES they are an iffy stock!
“ I would theorize that they have been purchased already by the people who are “in trouble”...and if they get sued to bankruptcy, it would still be the cheapest way to solve “the problem”.
Probably
Those trading for free on an app are now upset things went to pot. Shocking.
I’m thinking Pres. Skroob.
***Is that guy a comedian at a comedy club or a real broker?***
That guy laughing his head off is Spanish comedian and actor Juan Joya Borja, better known by his nickname “El Risitas” (”The Giggles”) stemming from his signature laughter...(from what I’ve searched on DDGo)
He is used in a lot of videos/memes, but with different translations of what he is actually saying.
initial margin in the system needs to rise by about 6 times to make the system "safe"
There! That's putting into words my nagging gut feeling. but now I think being mostly in cash is about to not matter at all. The Dems will need an enemy to flog in order to beat this one - but the war card may have been overused.
I regret the day I decided to buy another house in the burbs instead going off grid at least 2 hours drive upwind and up-watershed from any large city/military base.
Good decision. I smell a crash coming, and sold off 2/3rds of my stock holdings. .
We may have to find something better than cash. I suspect someone somewhere in the Fed is thinking, "gee, if we just beef up the money supply 10x, large entities can sequester the 0% interest cash for margin requirements and the average guy will be none the wiser because total cash in circulation will remain the same," neglecting the stagflation of course. Our esteemed Democrat overlords will be happy to grasp at any straws that keep the popular narrative averted away from culpability in the elite...
Everyone is scrambling around saying the same thing. Cash is a handy tool, except the powers-that-be want an ever larger slice of it for themselves. As a store of value, is becoming worthless. Convenient to use, but losing value. The way Dictator Biden is going, they're printing excessive amounts of dollars with nothing to back it up and hyper-inflation is coming. As it goes digital, more gets stolen by government. We're screwed.
As for alternative stores of value, there's land, metals, and other natural forms of value. But the government will always want their cut. As for the stock market, after the crash I'll buy back into it with what remaining money I have, and hope for a better government in the future.
I had an account where I had invested $500 a few years ago and bought AMD stock. I sold 3 weeks ago and then a few days ago I transferred my now $1,259.43 to my bank account leaving $0 in the Robinhood account. I will close out the account as soon as the money shows up at my bank. I hope others do so as Robinhood may go bankrupt.
I use Ameritrade now as my broker which had bought Scottrade which was my past broker. Then they were bought by Charles Schwab.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.