5 Robinhood Stocks to Avoid Like the Plague in March
At this time last year, the stock market was being whipsawed in a way that investors had never seen before. In roughly one month, the benchmark S&P 500 shed over a third of its value, while the CBOE Volatility Index (a measure of expected volatility in S&P 500 options contracts over the coming 30 days) hit an all-time high.
Yet amid this chaos, millennials and novice investors flocked to invest. We know this because online investing app Robinhood, which is known for its commission-free trades and gifting of free shares of stock to new users, gained approximately 3 million new members last year.
On one hand, it's fantastic to see young people putting their money to work in the world's greatest wealth creator. Then again, it's equally terrifying to see what millennials and novice investors have been buying.
Source Fool.com
