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The 2020 Stock Market Crash Thread
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<blockquote data-quote="Coja Petrus Uscan" data-source="post: 1462581" data-attributes="member: 12967"><p>I have noticed that there seems to be a huge uptick in entry-level retail stock trading platform adverts, like Etoro and RobinTheHood.</p><p></p><p>Previously the interfaces were a bit to technical and the fees too high. I don't know how it exactly is in The US, but I had to pay $200 / year to The IRS to be able to trade. I also can't remember the trading prices, but seem to remember UK stocks or shares has a £8 execution order + whatever fee. For the average Joe that might have a few hundred notes to punt, that could be a considerable single-digit percent fee. $1,000 is your entry for stocks and even more for bonds. Many bonds can only be bought in $100,000 batches, some $10,000.</p><p></p><p>So such platforms have brought low-information people to the gambler.</p><p></p><p>Does anyone have any insights into this? Who is behind this?</p><p></p><p>It all seems very convenient, since central banks have gone into a mode in which they are doing everything they can to hold the economy up for maybe another decade, before it crashes and they execute the next phase of The Great Reset.</p></blockquote><p></p>
[QUOTE="Coja Petrus Uscan, post: 1462581, member: 12967"] I have noticed that there seems to be a huge uptick in entry-level retail stock trading platform adverts, like Etoro and RobinTheHood. Previously the interfaces were a bit to technical and the fees too high. I don't know how it exactly is in The US, but I had to pay $200 / year to The IRS to be able to trade. I also can't remember the trading prices, but seem to remember UK stocks or shares has a £8 execution order + whatever fee. For the average Joe that might have a few hundred notes to punt, that could be a considerable single-digit percent fee. $1,000 is your entry for stocks and even more for bonds. Many bonds can only be bought in $100,000 batches, some $10,000. So such platforms have brought low-information people to the gambler. Does anyone have any insights into this? Who is behind this? It all seems very convenient, since central banks have gone into a mode in which they are doing everything they can to hold the economy up for maybe another decade, before it crashes and they execute the next phase of The Great Reset. [/QUOTE]
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