Invest in something like HOOD…long term but buy HOOG contract x100. I’m not a broker or financial advisor I just don’t think losing money is really in anyone’s best interest.
Especially if you’re just going to put it in the wealthiest people’s pockets. Or maybe you get paid by the companies you “LOSE” money to. 😱🫣
Oh wait nvm I get it now.
Hood is trying their best to diversify their revenue streams, but they’re not gonna say no to crypto cash. Their credit cards are growing, prediction markets is a hit, options activity has been increasing, they have their own venture funds, managed portfolios, agentic trading… I can go on and on but I’d do a deep dive on goods revenue streams and their expansion efforts, as they’re doing a helluva job. Yea it takes time, but they accomplish things and push our features in a couple quarters that might take a legacy broker years
I guess my question though would be like because I'm not super familiar with crypto as a whole... What if it just someday becomes worthless? Because I'm one of those people that's like "actual money is money and crypto is just fluff" lol and I know I know it's not quite like that but that's just kind of my mentality and so my mindset is like what if someday just goes to zero and becomes worthless and isn't actually a thing
Is that not somewhat a threat? Then what would happen to something like Hood it just becomes a $20 stock? Like I said I know they do other things but it's like you said they kind of need crypto and if you take that away from them it's a very large hit (which is why I'm concerned long-term) because it occupies such a large section of what they are
Also I'm not invested in hood so I'm not trying to sit here acting like I hold a bunch of hood but don't know what I'm invested in. I do pay attention to these stocks and what they do and I like Hood/Bull but this kind of thing does concern me if I was ever looking to jump in as an investor