The High-Growth Industry Robinhood Investors Are Missing Out On
This has been an unforgettable year for Wall Street and investors. We've watched the CBOE Volatility Index climb to its highest reading of all time, observed the quickest bear market decline (of at least 30%) in history, and seen the quickest rally from a bear market bottom to fresh highs on record.
While volatility is always present in the market, the coronavirus disease 2019 (COVID-19) pandemic has created unprecedented uncertainty -- and it's this uncertainty that's led to Wall Street's wild vacillations.
For long-term investors, these crazy swings are opportunities to scoop up quality companies on the cheap. But they've also brought short-term traders and speculators out of the woodwork. Online investing app Robinhood has attracted millions of members, many of whom are young and/or novice investors.
Source Fool.com
