 Really? What's up money geeks mr. V here welcome to another video guys so in today's video I want us to talk about Robin Hood GameStop and the Robin Hood Exodus but before we get to the guys who are new to the channel We took about how to earn money how to save money how to invest and build wealth So if there's something that interests you go ahead and hit that subscribe button and the notification bell too You don't miss out on new content So guys last week and even part of this week has been crazy a lot of things It's been going on week. I mean if you talk to any grandma on Facebook now They'll tell you about two stocks GameStop and AMC. They don't know anything about the stock market But they know that those two stocks did something this this past week or so company That's really at the front of this is Robin Hood because when these whole things started People were excited and trading and buying and selling the securities and then at some point as of last Thursday Robinhood restricted the buying and selling of the securities other firms did restrict the buying and selling But I think Robin Hood is really at the front of it because of what they've sold They're themselves to be to the public. They claim that they are the people that are taking you know an average person and exposing them to the stock market and Removing all the barriers and all the fees that are associated with trading. So as a matter of fact democratizing Investing so that's what they say, but last Thursday when they restricted buying of GameStop AMC and a few other Securities your CEO went on CMBC to defend his position He said the decision to restrict the selling to restrict the buying of the security had nothing to do with liquidity He says the reason was because they wanted to protect their customers. So I'm thinking protect your customers They don't think are you talking about us? Are we your customers and then it done on me that we are really not Robin Hood's customers If you know you are Jews are the person that provides the information or data that Robin Hood used to sell to their customers and their customers Are the people on Wall Street because when what you do trades on Robin Hood They take your data and sell it to those people on Wall Street So they understand what's coming what to expect so they can make their own decision based on your data You are not Robin Hood's customer You are Jews somebody that goes out there to provide your data just like Facebook Facebook is a social media platform You're not a customer for Facebook if you buy at on Facebook Then you are a customer because Facebook turns around and take Information from people and then sell it to you so you can target people for advertising That is exactly what Robin Hood is doing. But in this case of doing it in the investing site So when he said that I know I thought okay, you're protecting your customers That's fine sounds like you're trying to do this and then last Sunday evening He was on Clubhouse with Elon Musk interviewing him and it was funny again Because when Musk pressed him and asked him like hey, was there something shady going on when you guys Restricted buying of those securities is I know there was nothing. It's just that our clearing house Requested that we deposit some money because we didn't have enough money to meet those the buy of those securities So I'm like wow, I thought you said you guys had no liquidity issue and now you're telling me that your clearing house Requested some money. So let me show you guys They read one of the things that got me Thinking here because I mean I'm not the smartest kid on the blog was definitely not the dumbest Let's take a look at the Robin Hood This is on Robin Hood's website remember if you look here This is what Robin Hood says they left apex clearing because they started Robin Hood clearing So they now they own their own clearing house So when he says that they had problems with money from their clearing house, so who is your clearing house? I thought Robin Hood owns your own clearing house again guys I'm not sophisticated enough to understand what's going on here, but Something is not right. It's not adding up in my head if somebody can if you if you're out there watching this video and you understand exactly what's going on, let me know because Having your clearing house and telling people that your clearing house is asking you for to deposit money So you can meet the need of their the trading that's happening in your platform I don't understand it when you clearly own your own clearing house So if you read here here are some of the benefit. What does a clearing firm do? These are the things clearing firms, you know, they do clearing they do sediment and they do custody All these things is Robin Hood said we're leaving apex clearing because we want to take control of this and be in charge So now you have Robin Hood the bro the brokerage firm and Robin Hood their clearing house So again guys, I'm putting this out here so that you guys can actually see I understand what's going on So that is some one thing that I see that Robin Hood I don't think the CEO is actually for coming in so I have serious issues with that now Let's talk about Game stop the stock actually got up this morning and took a nose dive For obvious reason because I think people are starting to see that the game can we cannot win this game Wall Street controls The rules of the game and they would win 98% of the time we can have this one instance where we actually beat them at their own game But 98% of the time Wall Street is gonna win so people said taking profit in my personal opinion I think that's why the price of the stock did stop pulling back So now a lot of people are so mad at Robin Hood and they are leaving Robin Hood So I know you guys are looking around and it's like okay where can I move to go and continue trading a lot of options out there But there's four things that I want you to consider before you choose which platform you want to go on if you do trade options I want you to consider that the platform that you choose allows you to trade options if you do trade on margins I want you to consider the platform now You're going that you want to move to to make sure that you have margin if you do extend the hours Make sure that the platform allows you to trade extended hours and also the frequency of trade How many times can you trade a day because there's some certain platforms where it like M1 finance You can only trade twice a day 9 a.m. and 2 p.m. So that's it But other firms like Weibo you have options you have margin you have Extended hours trading and you can trade as much as you want on this platform and I'm actually an affiliate with Weibo So I'm gonna put the link in the description below if you want to use them I do get from free stocks you get free stocks as well if you use my link and also so far is another one that's being On the list again so far is in the process of going public and so I like the platform Again, if you are an investor not a trader I think so far is the Logical best one for you if you're a trader Definitely Weibo so far would come out on top and will be the best that you can possibly use so Again Robin Hood has some major issues and they need to address those issues I think Robin Hood colluded With Wall Street even though they claim that you don't they didn't collude with Wall Street again guys That's my personal observation because when I put one plus one together It's not coming out to be two is something is not right there because I remember CEO says one one thing on CNBC go with Elon Musk and says another hecky you say they you had issues You had no issues with liquidity and then turn around and say you had issues with liquidity those I mean like it doesn't it doesn't really you know make sense to me So if so again somebody's out later on the stand is better place live in the common Let me know exactly what's going on because I don't think that makes sense So that's what I wanted to cover in this video, but again Lastly if you are you know holding in of these stocks and see Game stop enough those if you've already taken out your initial investment And you're just playing with house money and then cut those to you But if you haven't please cut your losses and get out Because these are these stocks are not currently value at what the price is it trading at you know Where it's gonna go at the end of the day the stock would go back to where it belongs at that price So again you you mean we can just try to defy the odds for just a short amount of time But eventually truth will prevail your stocks will go back to where they actually belong So if you are in the stock right now, and you are playing with house money I applaud you But if you see half your initial investment in there guys I see take that and run away as fast as you can and that would be my take on it again If you're new to the China guys We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell to you Don't miss out on your content also if you're looking to get started with investing Weibo has the promotion way if you sign up you get four free stocks links in the description below and as always guys Don't be a greedy savage and stay motivated