August 30, 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?
No
3. On average, how often do you access your online account?
Daily/more than once a day
4. On average, how often are trades made in your online account, whether by you or someone else?
Once to a few times per 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):
Keep the amount of money I have, while keeping up with inflation
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.)
Robinhood is toxic for newer traders, they use the same model that Facebook used with gamification(Farmville). Considering the inflow of billions of dollars from stimulus checks retail investors are manipulated using these predatory gamification trading platforms. Add in the hidden Payment for order flow functioning and it's simply unfair for new investors
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.)
Covid-19 forced me into learning how to and making trading my best resource for income.
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 : 2-5 Years
Bonds : None
Options : None
Mutual Funds : 2-5 Years
ETFs : 2-5 Years
Futures : None
Cryptocurrencies : 5+ Years
Commodities : Less Than 12 Months
ClosedEnd Funds : None
Money Market Funds : None
Variable Insurance Products : None
Business Development Companies : Less Than 12 Months
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?
95%
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
We need better regulation of both the stock and the crypto markets using research and updated guidelines. Regulation is the biggest issue as the financial sector has remained the least innovated industry yet being on of the biggest. It's impossible to trade without understanding how the markets are manipulated, this hurts most retail investors the most.