4 Popular Robinhood Stocks That May Lose 50% (or More) in 2021
In just nine days, we'll close the curtain on one of the craziest years in history. The broad-based S&P 500 endured a record-setting bear market decline of 34% in under five weeks. The index then made history by taking less than five months to post new highs after hitting a bear market bottom.
Millennial investors have loved every minute of it. We know this because online investing app Robinhood has added millions of new users in 2020. The average age of its user base is only 31.
Robinhood's commission-free trades, fractional share investing, and gifting of free shares of stock to new members all incentivize young people to put their money to work in the greatest wealth creator on the planet. Unfortunately, the platform hasn't done a good job of educating its users about the benefits of long-term investing and compounding. As a result, Robinhood's leaderboard -- the 100-most-held stock on the platform -- is a smorgasbord of terrible businesses.
Source Fool.com