5 of the Most Dangerous Robinhood Stocks
Over the past year, volatility has been the friend of millennial investors. 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 members, gained roughly 3 million new users in 2020. The average age of Robinhood's member base is only 31.
While it's great to see young investors putting their money to work in the world's greatest wealth creator, it's evident that many fail to understand the importance of long-term investing or compounding. Robinhood's leaderboard (i.e., the 100 most-held stocks on the platform) is packed with penny stocks, momentum names, and otherwise awful businesses.
After perusing its ever-changing leaderboard, the following five companies stand out as Robinhood's most dangerous stocks.
Source Fool.com
