Robinhood Markets Inc (NASDAQ: HOOD) has sure caught the attention of many US investors by making investing more accessible to them…
… and enabling first-time investors to participate in one of the greatest wealth creators of our time — the stock market.
In fact, over 50% of Robinhood customers are new to investing.
Source: Robinhood SEC Form S-1 Filing
Although the online brokerage is unavailable in Singapore, we can partake in Robinhood’s rapid growth since the company is now public after its initial public offering (IPO) at the end of last month.
However, before you get all too bullish about the company…
… let’s look at both the positive and negative aspects of Robinhood to make a more well-informed decision before investing in its shares.
Why You Should Buy Robinhood Shares (The Bull Case)
Source: Giphy
Strong Customer Base Leading to Profitability
Robinhood’s business has been a beneficiary of the COVID-19 pandemic....