4 Robinhood Stocks Billionaires Bought in Q3

By Sean Williams

It’s been an exceptionally volatile year for the stock market, and that’s been music to the ears of millennial and novice investors who envision getting rich quick on these wild vacillations. Online investing app Robinhood, which is known for its commission-free trades, fractional share investing, and gifting of stock to new members, has gained millions of new users in 2020 — yet the average age of its user base is only 31.

While it’s great to see young people using time as leverage to invest for their future, it’s also unnerving that Robinhood hasn’t given these millennial and novice investors the tools needed to truly succeed. Many don’t understand the importance of long-term investing or compounding, and have instead chosen to chase penny stocks or otherwise awful companies.

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