This seems more like chasing yield and less like cash losing value or being a bad asset. Cash obviously has benefits to hold and that isn’t changing soon.
Well maybe common sense tells us how the system should work, but in a regulated industry in the real world the technical details matter. Hope we can get to the ideal solution after enough of these fiascos. Robinhood needs to be at the cutting edge to keep their customers.
I find this, similar to the arguments against robinhood and extremists on social media, basically boils down to treating people as sheep and wanting to protect them from themselves.
I think it is a stretch to say r/wsb insiders are obviously taking advantage of newcomers. You can’t spend much time with WSB without developing some financial literacy, and there are compelling ideas. It is not just flexing and hype. Also, I don’t think there is a precedent (such as the pyramid scheme) for what they are doing in the market.
I think there is some truth to your mention of young Reddit person being vulnerable, but I think it is risky trying to protect them with regulation.
I don’t think there is a category where amazon shines, but I have had good results with car parts, gardening supplies, tools, books, household items.
I usually find a brand name seller with a website or a specific part number.
Or if I don’t know/care about a brand I read some reviews and look at review pictures I don’t buy the cheapest item and still scrutinize best selling item.
The top results could be garbage as people are saying, but somewhere in the first page of top rated results is the best item for a great price.
In a rural place, prime is a huge time and money saver, have had good customer service. I still don’t think other online retailers have caught up to amazon, I hope they do .