Zero-commission Trading Platforms...Stock Market or Casino of the Pandemic?, Ep 06

Payne Points of Wealth · Sep 24, 2020 · 24m

In pandemonic times, zero-commission trading platforms have become the casino of Americans who are cooped up at home. Companies like Robinhood are offering zero-commission trading, making people less hesitant to trade. That combined with the fact that alcohol sales are up 14% since the beginning of COVID and a 92% increase in options trades this year leads us to think there may be a lot of people making some questionable trade decisions.

Sitting at home without the typical legal gambling outlets the stock market seems to have become the place where huge bets are being made by those looking to…