Robinhood's Investor Day- Bullish for the Future

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Investor Day for $HOOD didn’t disappoint.

The numbers and growth of Funded accounts and Gold Subscribers is impressive

One of the new product areas is Futures. The event contracts they launched around the elections were a massive hit with over 500,000 funded accounts. Polymarket is the leader in predictions markets, but if Robinhood can bring the amount of events for investing/betting into their app, the opportunity is massive.

Wealth Management & Advisory is something I have written about extensively and TradePMR was a savvy acquisition $HOOD made earlier this year. Incorporating AI Advisory into the TradePMR offering to better empower advisors is something to keep an eye on.

Crypto is back and even NFTs are soaring again. Have you seen Pudgy Penguins???? If you look at the number of assets Robinhood lets you trade vs. Coinbase, the opportunity is huge. I find myself on Coinbase sometimes, wishing I could sell some Solana and rotate it into $HOOD. On Robinhood I can do this!

M&A hasn’t been a big part of the $HOOD story, but they have made some smart acquisitions in wealth. The X1 and Pluto acquisitions gave them a good product and talent. Bitstamp is their way to push further into institutional Crypto services. Smart allocations of cash so far.

How big is the opportunity for $HOOD? $400B+ is the total global financial ecosystem and something they highlight in their slide deck for Investory Day 2024. From institutional brokerage at $50B to International Brokerage at $5B (I think this is much higher), Crypto Staking at $5B and Crypto Trading at $45B

Wealth Management, Neobanking, and International Credit Cards round out the areas $HOOD is going after which each has a $100B+ TAM.

Lastly, as we can all expect the retail participation is up and to the right. This chart is only through 2022 and I imagine gets into the 60% range in 2023.

Robinhood had a rocky start to being a public company, but now seems to have its feet on the ground and a clear 10yr vision. Massive opportunities and the clear leader amongst brokerages for retail & moving beyond.

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