September 25, 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?
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 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.)
I use vanguard and I used to use robinhood. I did not think that either of them had streaks or contests that I took part of. I did my research and invested in what I thought was important to invest in. And that is that. The problem bigger than gamification of the market is the problem of PFOF and how clearing houses can effectively short your purchase through this method and take the difference for profit.
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 not changed behaviors. I put in some money every month, and buy what I believe will perform will. Whether it be mutual funds or individual securities.
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 : Less Than 12 Months
Mutual Funds : 2-5 Years
ETFs : Less Than 12 Months
Futures : None
Cryptocurrencies : 1-2 Years
Commodities : 1-2 Years
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?
If the clearing agency does not have enough liquidity, then they can turn off the buy button. Like what we saw with orchestrated by Ken Griffin and Citadel in January with a variety of trading platforms. I am very against this market manipulation, especially because Ken and Citadel are documented to be short the stock they turned off the buy button for. Not just short a little bit, mind you, but the short interest for stocks like Gamestop exceeded 140% of the float, and are now hiding how short the stock is with deep in the money options
11. What else would you like us to know positive or negative - about your experience with online trading and investing?