3 Robinhood Stocks to Buy and Hold Forever
Legendary investor Warren Buffett once said, "Be fearful when others are greedy and greedy only when others are fearful." This makes perfect sense. A stock that everyone loves is likely to be purchased a lot, thus driving up the price. The challenge is that for many investors, ideas about what to buy can be found easily on popular online brokerages like Robinhood (NASDAQ: HOOD).
However, there are some stocks listed as some of the most popular on Robinhood that are still great businesses to own, despite their popularity. And while Uncle Warren may be right, the bear market has left these stocks at attractive prices, relative to their recent past and their potential moving forward.
When fears about inflation and a potential recession first surfaced in 2022, there was some concern that Airbnb (NASDAQ: ABNB) might be affected by reduced discretionary spending on things like travel. So far, this has not been the case. If consumers are pulling back on spending, the recently released fourth-quarter 2022 results show no signs of affecting Airbnb's business.
Source Fool.com
