What is everyones opinion on Trump kids accounts? Choosing BNY and Robinhood to manage the initial apps seems suspect to me at best
u/dogs_eatmyflagging ·
Reddit — r/investing
· July 06, 2026 at 20:05
· ⬆ 25 pts
· 💬 94 comments
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Seems odd to choose these two companies instead of trusted brokerages but I honestly dont know how this stuff works.
I know BNY Mellon from only one thing and that's Epstein trafficking money transactions. As for Robinhood unfortunately I use it and may have to stop but to me it seems like they've turned a lot of young people on to investing only to try and bait them into options/predictions markets (gambling and overwhelmingly losing). Plus the whole Gamestop/Beyond Meat scandal with pausing peoples orders...
Besides the free $1k (or maybe its 1250?) is there any benefit versus a 529/529a or even brokerage account?