Robinhood is amazing. The app turned me into a saver. I stopped visiting Starbucks because I realised that I could simply buy a CLDT stock every-time I spent $20. I remember countless times when I stepped in a store and bought a stock on robinhood instead of spending money on some object.
Last year I did around 4300 transactions on Robinhood. This is unimaginable with something like Fidelity or E-Trade.
1. China has more younger population and a market driven ruthless academic system.
2. Slowing birthrates and Ageing population in USA coupled with strong racist immigration policies towards asian in USA is depriving US universities of good quality brains.
3. Good times create weak population. The modern American youth is more worried about inequality and gender fluidity rather than studying laws of thermodynamics and machine learning.
US is two steps behind the curve compared to UK. It is a foregone conclusion that unless US radically implements a new pro-Asian immigration system or unless white people in USA get higher birthrates the coming century is going to belong to China/India.
Japan has understood this well and signed an agreement with Indian government where over 300K Indian youth will travel to Japan and work there.
Last year I did around 4300 transactions on Robinhood. This is unimaginable with something like Fidelity or E-Trade.