3 Trends Robinhood Investors Can't Stop Buying Into
This has been a wild year for Wall Street and investors. In roughly six months, we've witnessed two completely divergent markets. A five-week period during the first quarter saw the benchmark S&P 500 lose more than a third of its value, while the subsequent five-month period involved the broad-based index recouping all of its losses and hitting new highs.
If there's one thing this volatility has successfully done, it's bring short-term investors out of the woodwork. Online investing app Robinhood is a testament to this.
Robinhood, which is best-known for its commission-free trading platform and its gifting of free stock to new members, has been particularly successful at courting young and/or novice investors. The average age of its millions of members is just 31 years.
Source Fool.com
