LogFAQs > #980372817

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TopicRoaringKitty returns causing GME surge and RH shuts off buy
WingsOfGood
05/13/24 10:28:16 AM
#21:


Kuuko posted...
Is that how your stocks work? You must be doing something really wrong if you keep getting scammed and think it's happening to everyone else too. Read a Bogle book and chill and make easy returns. Scams like the ones you mention are exactly what the FTC cracks down on, which is why Gill and the Robinhood CEO were pulled in front of Congress to begin with.

That is literally how stocks work.
The way to not get hosed is you buy into a portfolio with diverse stocks because...some drop as others go up.

But what you as a layman don't know is the company offering you that portfolio has interest in selling certain stocks to you. They profit. This is legal.

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