4 of the Safest Robinhood Stocks Investors Can Buy
Volatility has been the name of the game for investors in 2020. The historic uncertainty created by the coronavirus disease 2019 (COVID-19) pandemic sent equities into a first-quarter tailspin and caused the benchmark S&P 500 to lose 34% of its value in under five weeks. This was followed by a rally back to new highs that took less than five months.
When volatility surges, short-term traders and novice investors pile into the stock market. If you need proof of this, just look at Robinhood's surging membership in 2020. The online platform, which is best known for commission-free trades, fractional-share ownership, and gifts of free stock to new members, has gained millions of new customers this year. With a sitewide average age of 31, these investors tend to be inexperienced, often chasing awful companies.
Yet among the dozens of terrible businesses that Robinhood investors have piled into are a handful of high-quality and -- dare I say -- exceptionally safe stocks. These are four of the safest Robinhood stocks investors can buy right now.
Source Fool.com
