Nicholas Bratto (@brattobiz) 's Twitter Profile
Nicholas Bratto

@brattobiz

I publish investment research & create budgets focused on Financial Independence | Free template👇🏼

ID: 1759755618808688640

linkhttps://linktr.ee/brattobiz calendar_today20-02-2024 01:44:10

5,5K Tweet

552 Followers

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$HOOD Robinhood will only seize a portion of the wealth transfer. Their demise will be the subscription charge, which they will relentlessly increase to hit their targets. This will cause a lot of users to go to the next new modern brokerage with no subscription fees. People

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Owning a house is always a better idea than renting over a long period of time. Rent is the minimum you’ll pay every month, while a mortgage is the maximum you’ll pay every month.

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A 50 year mortgage actually increases the cost of homeownership even more than a 30 year mortgage. This would cause many Americans to own even less “home” than they already do while giving the banks even more money. Horrible idea.

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Robinhood $HOOD has a meaningful amount of users compared to legacy brokerages, but its users are broke. I hope the wealth transfers (it won’t) Fidelity—$16.4 trillion AUM Schwab—$11.59 trillion AUM Vanguard—$11 trillion AUM Robinhood—$333 billion AUM

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How is it possible only 4% of Americans have >$500,000 saved for retirement? We’re 30 and have nearly $500,000 saved already.

How is it possible only 4% of Americans have >$500,000 saved for retirement?

We’re 30 and have nearly $500,000 saved already.