Concerns about Robinhood
Submitted by S. R. Schill & Associates on August 21st, 2020
Barron’s ran a story this weekend on Robinhood. Robinhood is a new free online trading platform that is targeting millennials. The concept of Robinhood is a good one: provide basic online financial advice and free trading to help (mostly younger) people get started in saving and investing for retirement. That said, there are elements of Robinhood that raise some concerns.