By Craig Erwin, Ph.D.
Robinhood is widely used to trade stocks. But their investors earn lower returns than other investors. Why? Robinhood is used by reckless, amateur kids. They trade more often, holding stocks briefly. They lack a strategy and tend to pile into a handful of stocks. Good luck, kids! #strategy#investingforbeginners#stockmarketinvesting#wealthbuilding
Do you use Robinhood? Do you trade frequently? How do you decide what and when to buy and sell? Would your performance be better if you bought and held a stock index fund?
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