Robinhood was launched in April 18, 2013, which fundamentally changed the stock market and how people trade and invest. It was made available through the advancement of technology with the intention of allowing the everyday person to invest and own a piece of what they are interested in.
With it an industry shift that was quickly adopted were one evaluates day trading and long-term investment in the scheme of growing interest into the market. There are caps on things and as the industry has drastically changed since then with other major brokerages adopting the technology.
In the constant evolution of trades and ownerships, the thought of Robinhood intention has been amazing to see on one end or the other where questions raised on the tax side of things comes to the forefront. Perhaps some of this is readily available or just has not been talked about much as the shrewdness of adaptability leads into 70s, 80, 90s, 00s, 10s
As investment opportunities occur and dowries grown here and there, why not the tax code changes to adapt? With the new further accessibility to trade in and out with ease, one must be weary of old laws and standards that do not apply to current markets. The excitement to own stocks gives people a voice in a company big or small or at least shows you are invested in their future or product.
It seems so long ago that I wrote well after the fact that Alfred Angelo could had survived if they talked to their employees. Privately on this site, after employment I wrote in an unsearchable area of a what if scenario of if Alfred Angelo went public and did shares to compensate. “America’s Bridal Company” was written but the website attacked and I deleted to protect my site, the unfinished nature of what I was writing that evolved elsewhere to answer and never have to be asked the “Have You Ever Been Terminated?” question ever again. I imagine at this point, that was still what it was then vs. now….a could had happened moment where a whole different company name would have to be involved in that evolution of thought of marriage to company to celebrate marriage.
There is longevity in stocks and shares because you care about the company and go from there either without direct interaction or from being brought in internally.
My main question to ask though when it comes to Robinhood or any Stock App. What happens if the money put into the app never hits the bank account? Are you free to not put that on your taxes? Obviously there is outpouring from bank account to the brokerage, but if the money does not go back into you bank account is that not taxable?
I look at the question as I would a casino. You walk in with 100 dollars…play a few games…win say 1000 dollars. You now have 1100 dollars possibly but still in the room. You decide to keep going switching from slots to blackjack to pushing buttons. A roulette is played and you lost your 1100 dollars. Is that an 100 dollar loss on your tax return or a 1100 dollar loss on your tax return (because gambling losses are on tax forms)?
The same would be applied to winnings as well I imagine where until you cash out to a bank account, you are still going by House rules and variables there. I have refused to transfer any stocks to my bank account since I was forced to sell them back in 2019 to survive and try to have a home. With each stock comes a bit of protection that if the main question is answered and understood, it makes sense of talking variable play without having to show you the cards.
It is a question on wondering if there is a candlestick match game going on in that area where perhaps Prince John had opportunity there to steal from the poor in a long term gain while underestimating the evolution of people’s choice and pride in companies. It actually makes companies more sustainable to have people invested in them. With each publicly traded company, it becomes a board game on what is best and right for the company when no one person is a publicly traded corporation, but always a part of one with major weight bearing to be had based on the size of the company, the structure and how to proceed further in the evolution of corporate structure in the technical evolution of data and mining.
A simple question where all hands on deck to at any point, you can share your voice all you want and what you believe in. Each company publicly traded is a way to buyback things from the very places you believe in or the ones you don’t.
This is not advice. Just questions.