Retail investors are playing a big role in the market in 2020, and Robinhood is one of the more popular online brokerages out there, especially for millennial investors. Robinhood investors have been known to be aggressive, chasing risky opportunities by investing in, say, airline stocks -- and even in companies that are in danger of going out of business, all for the sake of scoring a great return. The lure of jumping on the bandwagon and riding a hot stock can be far greater than the fear that might otherwise accompany an investment trading at a whopping 130 times earnings, like Amazon (NASDAQ: AMZN) is today. Read More...
1 Dangerous Mistake Many Robinhood Investors Are Likely Making Right Now
Retail investors are playing a big role in the market in 2020, and Robinhood is one of the more popular online brokerages out there, especially for millennial investors. Robinhood investors have been known to be aggressive, chasing risky opportunities by investing in, say, airline stocks — and even in companies that are in danger of going out of business, all for the sake of scoring a great return. The lure of jumping on the bandwagon and riding a hot stock can be far greater than the fear that might otherwise accompany an investment trading at a whopping 130 times earnings, like Amazon (NASDAQ: AMZN) is today.
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