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Robinhood admits it’s just a gambling app.
(www.theverge.com)
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this post was submitted on 28 Oct 2024
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Robinhood has IRAs, and you can totally buy diversified ETFs with it. When I used Robinhood for a few months, that's basically what I did.
Options can be part of a legitimate strategy (e.g. my brother sells covered calls on dividend-yielding stocks, where the intent is to juice returns a little on a long position), but yes, most people who trade options are gambling.
My argument is that investing != gambling, and the difference is whether there's a positive expected return. That's a statistical question, not a "I am smarter than the next rube" question.