3 Robinhood Stocks to Buy and Hold Forever
While "Robinhood (NASDAQ: HOOD) investors" burst onto the scene during the meme-stock frenzy that propelled names like Gamestop to astronomical heights, many of these investors seem to be refining their approach over time. When perusing the most popular stocks on Robinhood, one can find several top technology and consumer-facing companies with the occasional meme stock sprinkled in, showing that perhaps Robinhood investors are adhering to the wisdom of legendary investor Peter Lynch and "buying what they know."
Lynch, who posted market-trouncing returns for over a decade as the manager of Fidelity's Magellan Fund, theorized that the average investor could generate good returns by investing in the stocks of companies that they knew from their day-to-day lives. As a whole, these Robinhood investors hold plenty of these types of stocks that you can buy and hold forever. Let's take a look at three of the best.
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Source Fool.com
