Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Fidelity #1: GameStop and NEVER Selling You Out

February 12, 2021 By E.J. Smith - Your Survival Guy

By alphaspirit.it @Shutterstock

As you know, Robinhood offers online traders an easy way to invest in stocks like GameStop. But did you know it makes it’s money from PFOP or payment for order flow?

What PFOP means is that Robinhood sells its own customer trading data to outsiders—those more than willing to pay for it. Why you might ask? Follow the money.

A hedge fund might want to know what the order flow looks like on a specific stock and bet for or against it. It’s like sitting at the poker table and they see everyone’s hand. It’s basically a legal way (I guess) to show them the money.

Don’t let that be you. It’s yet another reason why I like doing business with my favored custodian Fidelity Investments. It’s order execution is second to none and it doesn’t sell your order flow to some outside predators. You know the guy looking to take your money, and your house, and move you into a van down by the river!

Read here why Fidelity is #1.

  • Do You Know Fidelity’s Best Kept Secret Weapon?
  • When Your Survival Guy Joined the Family Business
  • GameStop Helps Explain Robinhood’s Free Stock Trades
  • Your Retirement Planning Can Feel Like Catching an Airplane

Action Line: Make sure you’re aligned with a big boy brokerage platform like Fidelity’s. As you know, investing isn’t always fun and games.

P.S. Did you know actor/writer Bob Odenkirk, Saul the lawyer in Breaking Bad, wrote this skit “Matt Foley: Van Down by the River” when he worked at SNL?

Related Posts

  • 9/11: Never Forget
  • This Fear Gauge Never Lies
  • It's Never Too Late
  • We Will Never Forget 9/11
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Social Life During the Pandemic and MORE - March 5, 2021
  • Secession: Impossible? Not if You Think Locally - March 4, 2021
  • Richard Young Reports: The Great Money Explosion and Disasters - March 3, 2021

Dick Young’s Must Reads

  • Blue Dog Democrats Must Stop the Squad’s Assault on America
  • U.S. Survival AR-7
  • Where Have You Been? Now You’re Flying the American Flag?
  • The Armed American Family: Part I
  • Being Fully American Means Americans First
  • Escape From the City: You’re Going to Like What You See
  • The Case for Individual Stocks: Now More than Ever
  • Soros’s Open Society Foundation, Charles Koch Team Up
  • Crushing Viktor Orban Victory Will Derail Soros
  • Insurrection Was the Furthest Thing from Trump’s Mind

Disclosure

RSS Youngresearch.com

  • Your Social Life During the Pandemic and MORE
  • Good Timing? Virgin Galactic Shares Tumble After Chairman Sells Shares
  • Do You Remember When You Purchased Your First Home?
  • Which Fossil Fuel Wins in a Shift to Renewables?
  • Richard Young Reports: The Great Money Explosion and Disasters
  • Fidelity’s 26 Million Retail Accounts in 2020, Up 17%
  • You’re Rich When You Invest Like Croesus
  • Joel Kotkin: Economic Civil War
  • Depositors in Europe Now Being Charged by Banks
  • Teaching A Family Investment: Warren Buffett’s Annual Letter and You

MAP: Track the States With No Mask Mandates

Remind Us Why Washington Needs to Spend $1.9 Trillion

Your Social Life During the Pandemic and MORE

Hidden Agenda: Bill Gates’s Ulterior Motives

Does the Left Think Black Kids Are Too Dumb to Learn Math?

Secession: Impossible? Not if You Think Locally

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives