4 Dangerous Robinhood Stocks That Could Lose 50% or More, According to Wall Street
It's possible that when the curtain closes on 2021, it'll be remembered as the year of the retail investor.
Since March 2020, we've seen a big uptick in the number of millennials who've put their money to work in the stock market. Online investing app Robinhood, which is known for its commission-free trading platform and gifting of free shares of stock to new users, attracted 3 million new members last year. That's noteworthy given the average age of Robinhood's user base is only 31.
On one hand, it's great to see young investors who have time as their ally putting money to work in the world's greatest wealth creator. On the other hand, quite a few of these young investors aren't thinking long term. Rather, they're caught up in the recent retail investor-fueled Reddit frenzy and looking to get rich quick.
Source Fool.com
