No but using Robinhood is not a good idea because they screw you on your purchases and lend your shares out without your knowledge or your concentration because, like all brokers in the US, you do not own the rights to those shares. All you are actually buying is an IOU from Robinhood for that stock. If you are going to buy stock you should do so with the companies transfer agent, not through a broker. By utilizing a transfer agent your shares will be in your actual name and cannot be used by brokers to short sell the stock and devalue it.
Honestly if you are in the US you should really just avoid the stock market as much as you can. It is a ponzie scheme invented by the oligarchy to steal wealth from the working class. That has always been how it is used and it’s only gotten more intricate in how they can fuck you over the years. Check out the movie “The Big Short” and it’s just the tip of the iceberg on how fucked the US stock market is.
No but using Robinhood is not a good idea because they screw you on your purchases and lend your shares out without your knowledge or your concentration because, like all brokers in the US, you do not own the rights to those shares. All you are actually buying is an IOU from Robinhood for that stock. If you are going to buy stock you should do so with the companies transfer agent, not through a broker. By utilizing a transfer agent your shares will be in your actual name and cannot be used by brokers to short sell the stock and devalue it.
Honestly if you are in the US you should really just avoid the stock market as much as you can. It is a ponzie scheme invented by the oligarchy to steal wealth from the working class. That has always been how it is used and it’s only gotten more intricate in how they can fuck you over the years. Check out the movie “The Big Short” and it’s just the tip of the iceberg on how fucked the US stock market is.