Peter Brandt Criticizes Robinhood’s New “Multiple Accounts” Feature

Robinhood has launched a brand new place referred to as ‘Multiple accounts“ This permits customers to arrange their portfolios in numerous methods. Buyers can cut up holdings based mostly on property kind, themes, targets or time horizons. For instance, one account may preserve Bitcoin investments in the long run, one other for short-term shares and a 3rd social gathering targeted on tendencies resembling AI shares. Robinhood says this replace was designed to make Crypto and inventory commerce Extra organized and versatile.

Why Peter Brandt is skeptical

Legendary dealer Peter BrandtLively within the markets for the reason that Nineteen Seventies, was not impressed. As an alternative of praising the place, he responded with Sarcasm on X and referred to as Robinhood’s announcement ‘one of the best half’. His care will not be the software itself, however how it may be misused. Merchants may solely present their worthwhile accounts whereas hiding the shedding loss, making a distorted picture of success.

The chance of deceptive content material on social media

Brandt warned that the replace of Robinhood social media may make commerce extra poisonous. On platforms resembling X and YouTube, customers can place screenshots of “successful accounts” whereas hiding the others. This makes it simple to make false impressions of constant revenue, deceptive new merchants who’re on the lookout for steering.

What it means for retail buyers

For actual buyers, the software can nonetheless be helpful in organizing totally different methods. Nonetheless, Brandt’s criticism is a reminder that Success tales On-line Usually solely present a part of the photograph. Newbies who copy these so -called methods run the chance after deceptive alerts.

Backside line: comfort or danger?

Though the ‘A number of Accounts’ operate of Robinhood may carry the comfort, the warning of Peter Brandt emphasizes the darkish aspect of Crypto and inventory funding on-line. For buyers, the lesson is evident: Be in your guard for social media merchants who solely share selective outcomes and at all times do your personal analysis earlier than you make monetary selections.

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