3 Top Robinhood ETFs to Buy Now
Are you a Robinhood investor or plan to be one? The hot mobile trading app registered 3 million new users in just the first quarter of 2020, and some of them have been making a lot of money since the market has recovered from the shellacking stocks got in March.
In August, Robinhood users were scooping up shares of Moderna, Eastman Kodak, and Nio. That's a mighty aggressive list of names that have one thing in common: high risk. Will Moderna's vaccine be successful, can Eastman Kodak win by entering an entirely new field, and will Nio resolve investors' concerns about its balance sheet?
While these companies are impressive in their own right, buying them all would create a portfolio of maximum risk, which can be a bit unsettling, even to younger investors with a long-term horizon. But Robinhood also offers a way to avoid this by diversifying your portfolio with exchange-traded funds, or ETFs.
Source Fool.com
