Another New Trend from Robinhood?
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 7 December 2022
⏱️ 24 minutes
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| 0:00.0 | This is the season of Giving and One Financial Services Company wants to give the gift of cash. |
| 0:11.0 | Bottlyful Money starts now. |
| 0:16.8 | I'm Chris Hill and back by popular demand. |
| 0:19.2 | Bottlyful Senior Analyst Jason Moser. Thanks for being here. |
| 0:21.8 | Popular demand you sit on a throne applies. |
| 0:25.9 | I could only wish that were the case, but I'm happy to be here. |
| 0:29.6 | Nonetheless. |
| 0:31.2 | Let's begin with Robinhood, shall we? |
| 0:32.9 | Because the stock trading app is trying to broaden its offerings. |
| 0:37.2 | And this week rolled out something that caught our attention. |
| 0:41.8 | For anyone who opens an individual retirement account on their platform, |
| 0:46.1 | Robinhood is offering to match one percent of the funds that customers contribute. |
| 0:52.6 | The catch is you have to keep the retirement funds with Robinhood for at least five years to get |
| 0:57.2 | the match. I kind of like that. I beat I was a someone and you're with me and everyone here at |
| 1:05.6 | the Motley Fool. We really focus on long-term investing. So I like that for customers. |
| 1:12.5 | Do you like this for Robinhood and their shareholders? |
| 1:16.6 | Well, I'll do it ultimately. Yes. I mean, I think you're right. I mean, this is regardless, |
| 1:20.9 | this is a really positive message. This is the kind of thing we love to see. |
| 1:27.9 | It is encouraging folks to think longer term, start preparing for retirement. |
| 1:33.8 | Robinhood's demographic does skew a little younger. And so that I think is important to remember as |
| 1:40.8 | well because I mean, you're trying to educate younger investors, give them that mindset of thinking |
| 1:45.4 | in the context of many, many years as opposed to quarters. But generally speaking, I think it, |
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