The saga continues between Robinhood Investing and Charles Schwab, which just announced a new feature to compete - enjoy! Add me on Instagram: GPStephan - Click “Show More” to see ad disclosure
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Charles Schwab has now announced that they will allow you to buy FRACTIONAL SHARES! This also competes against OTHER companies which frequently promote fractional investing - like Stash, Betterment, and even Acorns.
My personal belief is that old school, brick and mortar brokerages have seen their millennial money slowly draining away to popular stock trading apps and services that automate investing without any hefty fees…think, Robinhood, M1 Finance, Betterment, Acorns, and so on.
So, Charles Schwab is very much thinking LONG TERM…because they KNOW millennials are going to be the next wave of incoming capital, and it’s important to capture them early, and capture them YOUNG. Just consider this:
Right now, there are 618,000 Millionaire Millennials…and according to a Caldwell Banker report, “By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in the Great Transfer of Wealth.”
https://www.cnbc.com/2019/10/17/heres-where-the-millennial-millionaires-live-around-the-us.html
In the next decade, Millennials will have some really serious spending power - and Charles Schwab knows this. They understand that, whoever can capture this millennial market FIRST - will likely have a VERY profitable, and longstanding future ahead of them.
Here’s where I think all of this is likely to go:
First, I wouldn’t be surprised if bigger brokerages - like Charles Schwab - began copying other features of investing apps, as well.
Secondly, I think apps like Robinhood really need to think about starting their own credit card…it’s about time.
Third, most of those stock trading apps need to roll out banking features…lets be real, if you don’t have a bank and a high interest checking account, you’re a nobody 😉
And fourth, if Charles Schwab wants to remain competitive…they NEED to be the BEST for EVERYTHING.
Then - lets not forget what all of this is ACTUALLY for, in the first place…BANKING. That’s where all of this is going to end up. Whoever you’re invested with right now, is MOST LIKELY going offer you banking services for when you want to buy a house, take out a loan, keep your money safe, you name it…all of these “perks” being announced are little “fish hook worms” to get you to place your money with them, so they can have a piece of that pie in the future.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the card links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This content does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
Favorite Credit Cards: https://oc.brcclx.com/t/?lid=26662102
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Sign up and get $5 on Acorns: https://acorns.com/invite/GK4CWW
M1 Finance: M1 Finance: https://mbsy.co/m1finance/27904910
Charles Schwab has now announced that they will allow you to buy FRACTIONAL SHARES! This also competes against OTHER companies which frequently promote fractional investing - like Stash, Betterment, and even Acorns.
My personal belief is that old school, brick and mortar brokerages have seen their millennial money slowly draining away to popular stock trading apps and services that automate investing without any hefty fees…think, Robinhood, M1 Finance, Betterment, Acorns, and so on.
So, Charles Schwab is very much thinking LONG TERM…because they KNOW millennials are going to be the next wave of incoming capital, and it’s important to capture them early, and capture them YOUNG. Just consider this:
Right now, there are 618,000 Millionaire Millennials…and according to a Caldwell Banker report, “By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in the Great Transfer of Wealth.”
https://www.cnbc.com/2019/10/17/heres-where-the-millennial-millionaires-live-around-the-us.html
In the next decade, Millennials will have some really serious spending power - and Charles Schwab knows this. They understand that, whoever can capture this millennial market FIRST - will likely have a VERY profitable, and longstanding future ahead of them.
Here’s where I think all of this is likely to go:
First, I wouldn’t be surprised if bigger brokerages - like Charles Schwab - began copying other features of investing apps, as well.
Secondly, I think apps like Robinhood really need to think about starting their own credit card…it’s about time.
Third, most of those stock trading apps need to roll out banking features…lets be real, if you don’t have a bank and a high interest checking account, you’re a nobody 😉
And fourth, if Charles Schwab wants to remain competitive…they NEED to be the BEST for EVERYTHING.
Then - lets not forget what all of this is ACTUALLY for, in the first place…BANKING. That’s where all of this is going to end up. Whoever you’re invested with right now, is MOST LIKELY going offer you banking services for when you want to buy a house, take out a loan, keep your money safe, you name it…all of these “perks” being announced are little “fish hook worms” to get you to place your money with them, so they can have a piece of that pie in the future.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the card links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This content does not include all credit card companies, or all available credit card offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Did schwab ever implement roundup's?
gay
And now Robinhood just introduced their fractional investing 😂
Robinhood offered me FRACTIONAL SHARES today…! Awesome
Just keep on hating on Robinhood and I will keep hating on you. Thumbs down.
I find it strange that you don't have fractional investing in the US. We have always had this in the UK as long as I can remember and a lot of retail investors have a pound cost averaging plan set up to invest regularly and have the dividends reinvested too. Those tiny fractions of the pie add up over time. Robinhood is coming to the UK next year but we already have our own similar apps like Freetrade and DeGiro.
gotta enjoy those rh glitches that force your stoploss. rh will be caught eventually. they're crooks.
OMG, I so love reading the comments on your videos. So hilarious. You should do another video of Graham and Graham's Girlfriend reacting to comments followed by your reaction/commentary.
When will Schwab's fractional shares go into effect? I tried a couple days ago and it didn't let me buy a fraction of a share.
🤣🤣🤣 I just found where this intro came from lol
ShareBuilder, where I started, did Fractional Shares. I fraking love Fractional Shares.
This is like the beauty guru drama of the finance world 👀
Can you do a robin hood vs acorns for beginners?
Someone can help me? I'm from Chile and want to make mid and long-term investments in Vanguard ETF's and index funds. Any idea how can I do it? Knowing that I'm not an american citizen. I only found XTB trading brokers but they have daily swaps for ETF's and round it 4% only in comissions and fees (NO WAY!). I hope any of you or @GrahamStephan could help me with some info! Thanks!
Has anyone else noticed how Robinhood is ripping everyone off they say they are commission-free I beg to differ go try to buy some cryptocurrency make sure you're paying attention to the actual stock market on your computer while buying the cryptocurrency on your phone you will notice that when you buy the crypto you can even look at the price on one screen and then click by to go to the other screen and the price will jump up about 10 to $0.11 they have a very good algorithm which they can pretty much pinpoint what the price will rise up to and they will sell the stock to you at that price you might get lucky for it to go a few pennies over and you get some small change. Then if you try to sell the stock they will sell it to you about $0.10 $0.30 below the actual stock market value. They are illicitly ripping everyone off
Man company politics is dirty, 😱
The demonstrative advantages of a capitalist competitive market. Consumers win.
I would love if robinhood had fractional shares!! Also a d.r.i.p. system would be sweet!
Schwab wants the Monopoly don't give it to them the Crooks
Come join me over here, too! New video posted at 9am tomorrow! 🙂