[Abstract]:
Hello everyone. My name is Pema Kaldan, and I am a senior at Canisius College, currently major in Math. I will be giving my MAT 381 presentation on Wednesday, April 7/2021. For my presentation, I will be talking about Math Use In Real Life meaning using some of the math knowledge to do some business, in my case, Business Apps like “Robinhood.” So mostly I will touch on What is Robinhood? Is Robinhood Legal? How Does Robinhood Work? How Does Robinhood Make Money? How to Trade Options on Robinhood? How does Robinhood Taxes Work? And so on. Additionally, I will also show some graphs and charts meaning and examples. Although in general there are lots of things that you could do with your math knowledge and one of them for me is using Business Apps to earn money from home. I hope to see you all there on Wednesday. Thank you.
Hey, Pema. This was very interesting. I have a few issues with some statements you made in your presentation, though. You say that the only issue with Robinhood is that some investors are inexperienced. I would argue that there are many issues with Robinhood and that none of the issues are intrinsically tied to the traders themselves. To say the only problem with the app is ignorance of the user is illogical. For example, how about the *illegal* limiting of trades of certain stocks and cryptocurrencies (GME, AMC, DOGE) when Robinhood’s buddies on Wall Street started losing money to the day-traders? This is a direct violation of SEC regulations. A quick google search of “SEC Robinhood” will show a number of examples of Robinhood violating regulations. These are MAJOR issues that negatively impact the user and the public. So while they might not be issues for the owners of the company (they’ll always get their multi-million dollar paycheck), it is an issue for us. Also, you make a claim that millennials, in particular, are not smart about their trading. Where is your evidence for this? Playing the devil’s advocate here, I would point out that a bunch of millennial day-traders just took out an entire hedge fund full of “experienced” traders during the GameStop event.
https://www.nytimes.com/2021/02/26/business/robinhood-gamestop.html
https://www.sec.gov/news/press-release/2020-321
Hi Pema! I found your presentation very fascinating! I’ve heard of Robinhood once or twice before, but I had no idea how it worked. Thanks for giving me a good introduction as to how purchases work on Robinhood. I like that you included screenshots from the app as you explained how you would go about buying into a particular stock. It was very helpful to walk us through an example like that. I found it interesting that they also offer shorter-term agreements, but then after a particular date, they expire. I’ve always been interested in the stock market, but I just didn’t really know where to start. I suppose Robinhood could be a good starting point, but I’m not sure that I’m brave enough! I hope that the stock market is good to you though!
Very interesting topic Pema. I don’t fully understand the math behind it all so I don’t think I’m going to be getting into the stock market any time soon, but I hope it finds you well. Great job explaining everything and the screenshots were a nice touch in helping explain everything.