On: Robinhood Is Set to Raise at Least $200 Million in New Funding

[cheerlessbog]

If you're a buy and hold investor why does it matter if your occasional transaction costs $10?

[trustfundbaby → cheerlessbog]

Because it's $10 that I could be using to buy actual stock and not gifting it to some broker for basically doing nothing.

[cheerlessbog → trustfundbaby]

I guess to me that $10 is a suggestion that they are competing on execution price instead of transaction fee.

[jldugger → cheerlessbog]

Cuz that's all that's left to optimize. If you've got a spare thousand to shift into brokerage, 10 bucks is a hefty 1 percent fee.