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Comment by dilyevsky | Hacker News Reader

CS had like $9 fee per trade before they felt the heat from RH. Which btw was fine by me since it was small potatoes if you just casually invest and hold for a year or longer. What they really democratized is incessant day-trading, otm calls on dogshit stocks etc. basically a casino pretending to be a brokerage

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It was never ok. Trade fees were a gatekeeping measure to dissuade retail investors. Since RH started I have been able to build a portfolio of many single individual stocks (my own market “index fund”), some worth less than $10. This was never possible under pay per trade regime.

What's the point of investing less then 10 dollars?

Earning a return greater than the 0.10% offered by my credit union. Should only those with more capital than 1mm earn returns?

Keep it in your wallet or put it on a blackjack table. Or yes put it in a savings account that won't disappear until you can build up money to invest with.

Or don't.

And you couldn't put that into an Index fund because?

Fund minimums

Managing your own penny stock index is great if your time is worth nothing to you. But also IB had pretty low fees for years and CS had no fees on ETFs

“Time” — this thread is about Rh, and it’s probably the quickest way. We are talking total time of a few hours. Arrange by price, buy, swipe. It’s about having systems in place that provide yield.

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