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25.09.2020 14:00:00

2 High-Risk Stocks Robinhood Investors Should Avoid Like the Plague

While the Robinhood stock-investing app has been around since 2015, it really only hit its stride in 2020. The onset of the coronavirus-induced stock market slump -- which saw the major indexes shed about one-third of their value -- piqued the interest of many novice investors.Robinhood's easy-to-use interface, no-fee trading options, and the offer of one free share of stock to those who open an account were effective enticements to fledgling investors. Roughly 6 million online investment accounts were opened during the first six months of 2020, and at least half of those were Robinhood accounts, according to a report by Barron's. Unfortunately, this group of mostly inexperienced investors has gained a reputation for making risky (if not downright dangerous) stock trades. Let's look at two stocks that Robinhood investors would do well to avoid as if their financial health depended on it -- because it just might.Continue reading
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