PayPal considers expansion into stocks and shares business

[HEXUS]

A brokerage industry veteran has been hired as CEO of an 'Invest at PayPal' division.

Read more.

[cheesemp]

Oh good more stocks gambling. It often feels like stocks have been less and less linked to investing in a firm and more like betting real time on a random number generator.

[Saracen999]

Oh good more stocks gambling. It often feels like stocks have been less and less linked to investing in a firm and more like betting real time on a random number generator.

Yup, we could call it a ....ummmm .... ahhh .... hang on, it's coming to me .... yup, got it. A lottery. Or maybe lotto. That's a more fun name, innit?

[kompukare]

Yup, we could call it a ....ummmm .... ahhh .... hang on, it's coming to me .... yup, got it. A lottery. Or maybe lotto. That's a more fun name, innit?

Or even the CryptoLottery!

Because didn't PayPal recently also announce Crypto support?

[kalniel]

Oh good more stocks gambling. It often feels like stocks have been less and less linked to investing in a firm and more like betting real time on a random number generator.

What's happened to spread betting? That used to be the way to gamble on stock prices.

[cheesemp]

Yup, we could call it a ....ummmm .... ahhh .... hang on, it's coming to me .... yup, got it. A lottery. Or maybe lotto. That's a more fun name, innit?

Yes but a lotto you only lose 10s of pounds at the most. I've seen enough posts pop up to see people have lost life savings on stocks and its only got worse since these new stocks apps have arrived. The number of people who lost out massive amounts of cash on gamestop recently is terrifying.

I'm so adverse to this sort of investing I wouldn't even have a pension if I could figure out a better 'tax efficient' way.

[kalniel]

Yes but a lotto you only lose 10s of pounds at the most.

Same if you buy 10s of pounds of stocks. Unlike say spread betting, when you buy shares you can only lose the amount of money you bought them for.