Is the increasingly gamified trading environment equipping new investors with the skills and confidence to build a strong financial future, or is it designed to exploit their weaknesses?
Eh, I’d do it if they paid me for it. Just swap between a bunch of similar ETFs, like VOO, SPY, etc. 100 is a bit of a stretch, but I could get it done.
Most brokers have free trades these days, so I doubt it. Maybe on the bid/ask spread, but limit orders can help there. It would be a pain, but I could make it work if there was a decent enough payoff.
“gamified investing app” should set all your alarms off
Was glancing through to see examples but lost patience.
A “You hit your monthly savings/investment goal” achievement - eh, fine.
A “Make 100 trades this month” achievement - less fine.
Yea I was expecting something like
Or other engagement bait, not something tied to moving actual money around…
Eh, I’d do it if they paid me for it. Just swap between a bunch of similar ETFs, like VOO, SPY, etc. 100 is a bit of a stretch, but I could get it done.
I would assume you’d be losing money off the bat on broker fees.
Most brokers have free trades these days, so I doubt it. Maybe on the bid/ask spread, but limit orders can help there. It would be a pain, but I could make it work if there was a decent enough payoff.