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      • Robinhood has certainly left its mark on the investing community and increased access for retail investors, but it still should be avoided by investors because of its risky business strategy, mixed quarterly results, regulatory concerns, and corporate governance.
      www.fool.com › investing › 2021/09/04

      4 Reasons to Avoid Robinhood | The Motley Fool

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  3. www.makeuseof.com › tag › shouldnt-invest-robinhood-app10 Reasons Why You Shouldn't Invest With the Robinhood App - MUO

    Jul 1, 2021 · Robinhood only offers standard, individual investing accounts. You cannot open a joint account, trust account, custodial account, Individual Retirement Account (IRA), or any other type of tax-efficient savings account.

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  4. www.fool.com › 09/04/4-reasons-to-avoid-robinhood4 Reasons to Avoid Robinhood | The Motley Fool

    Sep 4, 2021 · Here are four reasons why investors should steer clear of this recent IPO. 1. Robinhood employs a risky business strategy to make money. Options can be difficult for new...

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  6. www.nerdwallet.com › investing › brokersRobinhood Review 2024: Pros, Cons and How It Compares

    Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is $0. Mutual funds and bonds aren't offered, but IRAs with a 1% match are.

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  7. clark.com › investing-retirement › robinhood-reviewRobinhood Review: Pros, Cons & Who Should Use It - Clark.com

    Robinhood reviews tend to be extremely positive or negative. We'll provide a balanced view of the pros and cons and explain who should and shouldn't use it.

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  8. www.nerdwallet.com › article › investingRobinhood vs. 4 Alternatives - NerdWallet

    • Fidelity is best for: Frequent traders. Beginner investors. Research and data. Retirement planning assistance. Fidelity at a glance. Account minimum. $0. Stock trading costs.
    • Acorns is best for: Hands-off investors. People who struggle to save. Earning cash-back rewards. Acorns at a glance. Reviewed: Oct. 2023. Period considered: Aug.
    • Crypto.com is best for: Mobile-first users. Transactions with fiat, or traditional, currency. DeFi, or decentralized finance, tokens. Crypto.com at a glance.
    • Webull is best for. Intermediate investors. Active traders. Options traders. Cryptocurrency traders. Webull at a glance. Account minimum. $0. Stock trading costs.

  9. www.forbes.com › advisor › investingRobinhood Review 2024 – Forbes Advisor

    Apr 12, 2024 · Pros. No account minimum, no monthly fee. Very easy to use. Allows cryptocurrency and fractional share trading. Instant access to deposited cash. Cons. App design may encourage active trading,...

  10. leaninvestments.com › pros-and-cons-of-using-robinPros and Cons of Using Robinhood for Long-Term Investing

    Jan 23, 2022 · Part of the reason for this is that long-term investing requires the ability to weather a full market cycle and there will be periods of months (or even years) when a long-term investment could lose money on paper (also known as a drawdown).

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