1 Growth Stock I Like Better Than Robinhood
As a stock broker known for catering to young people, Robinhood Markets (NASDAQ: HOOD) has faced pressure to innovate because its customers demand a platform that's in tune with their needs -- one that's cheap and simple and yet offers a broad selection of tradable products.
But giving these new investors what they want is not necessarily what's good for them. Robinhood has found itself on the wrong side of lawmakers and the Securities and Exchange Commission on occasion for the way it generates revenue and encourages risk-taking among its client base.
Interactive Brokers (NASDAQ: IBKR) -- a key competitor to Robinhood-- has a time-tested business model spanning four decades, and its stock has recently outperformed Robinhood's by a wide margin. Here's why it's a better long-term investment.
Source Fool.com
