Once I had 5000$ in mutual funds, cashed it out 6000$ after a few years.
In the US banks can only lend out your money; like for a car or a house.
They are forbidden from putting me money in the market I think.
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“Federal banking regulations limit how much banks can invest in stock, how much cash they must keep on hand to cover customer withdrawals, and even how much risk they can take on with their investments. … Instead banks use stocks to round out, or diversify, their sources of income.”
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I use Robinhood but not for day trading. I hold the stocks for a long time. I hope it is secure. I like no commissions but I think a lot of companies got rid of commissions now.
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