Should You Buy Robinhood Stock Hand Over Fist With $100 in 2024?
It's been a fantastic start to 2024 for Robinhood Markets (NASDAQ: HOOD). As of this writing, shares are up 46% this year. This gain was boosted by Q4 2023 financial results that were certainly well-received by the market.
Investor enthusiasm seems to be on the way up with this booming fintech stock. But it still remains 74% below its peak price, which was set in August 2021. If you're considering buying shares, let's first look at both the positive and negative factors with Robinhood before coming to an informed decision.
When Robinhood was founded in 2013, it completely upended the brokerage industry by allowing investors to trade stocks with zero commissions and in fractional shares. This kicked off a race among rivals to copy this free strategy, which one could argue has really democratized access to the stock market for the average person.
Source Fool.com
