Key insights
- The author expresses a bullish sentiment on Robinhood (HOOD) at its current price, citing its role in democratizing investing. While acknowledging the platform's appeal to high-risk traders, the author believes HOOD is unlikely to disappear and may present a buying opportunity. However, this is a single retail investor's opinion and should not be taken as financial advice.
I started investing during Covid, so about 6 years ago. The brokerage I used to get started was HOOD. Although now I use IBKR, I don’t see HOOD going away anytime soon. HOOD revolutionized the stock market in my opinion. It gave the little guys a voice, it made it easier to invest, commission free trading, but unfortunately it gave a platform to degenerate gamblers, which one could argue it’s good for their business.
What do you guys think? At a gigidy $69 (over 50% off its ATH) do we go lower, much lower, or do we start heading back up?
Disclaimer: I have about $10k in HOOD, not much but looking to see if I should add more.