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TMZ.com
One can say Cuban brandThere is a baby shark in his hands – his 11-year-old son got the Robinhood craze, but in just one day he learned difficult lessons.
The “Shark Tank” star joined us on ‘TMZ Live’ on Thursday and told us all about his family’s latest dealer, Jake, which was high on Wednesday, when it opened its Robinhood account and uploaded some shares of AMC and BlackBerry.
I had to say I LOVE what’s going on # muurstraatbets. All the years of high-frequency retailers being leading retailers give the little guy an edge with the speed and density of information and retail. Even my 11 year old traded them and earned $
– Mark Cuban (@mcuban) 28 January 2021
@mcuban
Mark says Jake drove high when he turned his first transactions into seemingly easy money, but like millions of investors, he became a learning experience for him on Thursday morning.
Pop had to break it down for Jake – what goes up sometimes comes down. Like, far down.
Luckily for Jake, his father is a billionaire, so this lesson will not cost him everything – he only invested about $ 100 anyway. But look at the cut … Mark taught his son something different about how to react than a stock you like to suddenly dump.
Apart from the stock school, Jake is ticked off about Robinhood industry strike – and Mark told us why the free trade app has explanations.
It sounds like Jake may not be the only youngster jumping into the market. Mark says his son used an unusual source to pick his shares … one that is the rage of children.