Just Opened a Robinhood Account? 3 Things You Need to Know Now
If you just opened up a new account on Robinhood or another stock trading app, congratulations. You've taken the first step on what's hopefully a lifelong journey of saving money and generating wealth.
In the wake of a massive short squeeze executed by traders on Reddit's Wall Street Bets forum, new investing accounts appear to be surging. According to data from SEMRush, a digital marketing platform, searches for trading apps have nearly tripled in the last few days as the sudden surge of GameStop (NYSE: GME) stock and others has captivated many.
Before you take the plunge and put your nest egg to work though, here are a few tips to keep in mind.
Source Fool.com