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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.

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Source Fool.com

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