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?
Once to a few times per month
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 had a pre-existing account and downloaded an app or visited a website to access my account
6. My goals for trading or investing in my online account are (check all that apply):
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.)
Ive only ever used fidelity and Robinhood. Robinhood seems to be following the trend of marketing to people who dont know any better through their easy to use and look at app. They have game-ified speculation with their endless buy $100 of X to possibly win X contest. Ultimately they do more harm to this country for their own gain then good. CEO lied to Congress about why they decided to make certain stocks position closing to save his own ass. PLEASE SEC, give me and countless other Americans a reason to believe in the system. Extremely turned off to investing after the events of this year have hinted at the reality of corrupt markets.
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.)
Only ever invested through online accounts.
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 : 2-5 Years
Options : 1-2 Years
Mutual Funds : 2-5 Years
ETFs : 2-5 Years
Futures : 1-2 Years
Cryptocurrencies : 1-2 Years
Commodities : 1-2 Years
ClosedEnd Funds : 1-2 Years
Money Market Funds : Less Than 12 Months
Variable Insurance Products : Less Than 12 Months
Business Development Companies : 1-2 Years
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?
If you have less than a billion dollars then your ass will get margin called or flagged as a day trader quicker than my poops after Taco Bell. If not then the rules dont get enforced.
11. What else would you like us to know positive or negative - about your experience with online trading and investing?
Online trading in and of itself is not harmful. But if I showed you the fidelity app vs the Robinhood and I said one of them was just a game you would immediately know. Games are not real life. Ill yolo 100k in a game because its not reality and I like to dream and theres no consequence. But when you start blurring the line between investing and gaming it becomes detrimental to society. How many more cases of people committing suicide because they didnt know any better using an investing app that looked like a game will there be before action is taking. Regulate them before theyre too big too fail please.