@BoxLongs@RandianCapital Yeah I know nothing about the business. Seems like only a genie’s lamp could give you those kinds of results though. Huge margins with no fixed investment, yet nobody else is able to compete for a slice of it.
@HedgeDirty Good example of heterodox perspective that makes this platform worth viewing - honestly never thought of it that way but can’t write it off.
@VicVijayakumar@mattimost Similar to you, I do Robinhood 3% card + Fidelity CMA as checking-equivalent. Still keep a Chase account just in case. It has only come up to deposit cash, use zelle (convenience, not necessary), and get a large cashier’s check on short notice - Fidelity needed ~a week lead time.
@WagieCapital Wild to see that they couldn’t fund cash comp from operations if they wanted to. The current model is effectively a biweekly capital call just to make payroll.