August 27, 2021
1. Do you have one or more online trading or investment accounts?
Yes, I have one or more accounts that I access both online using a computer and using a mobile app.
2. If your response to Question 1 is Yes, do you think you would trade or invest if you could not do so online using a computer or using a mobile app?
Yes
3. On average, how often do you access your online account?
Once to a few times a week
4. On average, how often are trades made in your online account, whether by you or someone else?
Less often than once a month.
5. If you access your account online, did you have the account first, and only began to access it electronically later? Or did you open the account with the idea that you would access it electronically immediately?
I downloaded an app or visited a website first, and then opened up an account with the company
6. My goals for trading or investing in my online account are (check all that apply):
Save and grow my money for short-term goals (in the next year or two)
Save and grow my money for medium- to long-term goals
7. What would you like us to know about your experience with the features of your online trading or investment platform? (Examples of features are: social networking tools games, streaks, or contests with prizes points, badges, and leaderboards notifications celebrations for trading visual cues, like changing colors ideas presented at order placement or other curated lists or features subscription and membership tiers or chatbots.)
I use, both, Fidelity and RobinHood. RH's app is more modern and easier to understand for a beginner. Fidelity's app and Active Trader Pro are have a higher learner's curve, but I prefer them now that I have learned to use them.
8. If you were trading or investing prior to using an online account, how have your investing and trading behaviors changed since you started using your online account? (For example, the amount of money you have invested, your interest in learning about investing and saving for retirement, the amount of time you have spent trading, your knowledge of financial products, the number of trades you have made, the amount of money you have made in trading, your knowledge of the markets, the number of different types of financial products you have traded, or your use of margin.)
I have spent a significant amount of time learning about the markets, types of trades, options, etc, in the last two years. My previous experience was only with a retirement account.
9. How much experience do you have trading or investing in the following products (None, 12 months, 1-2 years, 2-5 years, 5+ years):
Stocks : 1-2 Years
Bonds : None
Options : Less Than 12 Months
Mutual Funds : 5+ Years
ETFs : 1-2 Years
Futures : None
Cryptocurrencies : None
Commodities : None
ClosedEnd Funds : None
Money Market Funds : None
Variable Insurance Products : None
Business Development Companies : None
Unit Investment Trusts : None
10. What is your understanding, if any, of the circumstances under which trading or investing in your account can be suspended or restricted?
There is a clause stating something along the lines of, \"under significant market stress we reserve the right to...\" I also believe the SEC has the ability to stop trading, in general. If I was prevented from using my account in a time when I urgently needed to make a trade, I dont think I would ever gain trust in the markets again.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
At the moment I am hopeful that the SEC will tackle the BLATANT market corruption by these market makers, banks, and other institutions. There is zero credible possibility that the SEC doesn't see what's been happening in the markets, for... I want to say the last year, but lets be real, its been happening much longer than I have personally been invested. Naked shorting of stocks needs to be stopped. Shorting needs to be much better regulated. Information needs to be attainable by retail investors. Loopholes need closed. Rule and regulation breaking needs to be punished with more than a fine of a fraction of the profit. The revolving door of government employee/regulator to financial institution/regulated needs to end. Stop this regulatory capture.