The Smartest Investment Robinhood Users Are Making
It's been a wild year on Wall Street, and millennial investors are loving it. Online investing app Robinhood, which is known for its commission-free trades, gifting of free shares of stock to new members, and fractional shares investing, has gained millions of new users in 2020. That's noteworthy because the average age of Robinhood users is only 31.
Seeing young people put their money to work in the stock market is a fantastic thing. The earlier people begin investing, the more time can work as their ally. With multiple decades ahead of these investors before hitting retirement, they should be able to compound their nest egg many times over.
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Source Fool.com