Home Business Millennials have a new pastime

Millennials have a new pastime

by The 100 Companies
Millennials have a new pastime

Since surpassing the 10 million user mark in late 2019, investing app Robinhood has been all over the news. With shutdowns taking away entertainment options, coupled with record-low yields and interest rates, millennials have turned to trading en masse.

Not surprisingly, the new investors are making some waves. After Hertz filed for bankruptcy in May, Robinhood investors took that as a sign to buy the company’s stock, driving a 900% gain from its low (it didn’t last).

However, according to some, Robinhood traders have been beating the market significantly.

One thing is certain: If you decide to invest, be smart.

– Logan Armstrong, The Pittsburgh 100

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Do NOT follow this link or you will be banned from the site!