09-07-2021, 08:39 AM
A good understanding of the psychic of the YOLO new investor
The Robinhood Conundrum
This seems good: Robinhood now has close to 18 million active users on its platform and manages around $80 billion in assets. More than half of those 18 million customers said this was their first-ever brokerage account.
This seems bad: Nearly 47% of those users use the product on a daily basis. That’s basically just below the most successful social media companies. Among those customers who visted the app on a daily basis, the average number of visits was seven per day.
https://awealthofcommonsense.com/2021/07...conundrum/
The Robinhood Conundrum
This seems good: Robinhood now has close to 18 million active users on its platform and manages around $80 billion in assets. More than half of those 18 million customers said this was their first-ever brokerage account.
This seems bad: Nearly 47% of those users use the product on a daily basis. That’s basically just below the most successful social media companies. Among those customers who visted the app on a daily basis, the average number of visits was seven per day.
https://awealthofcommonsense.com/2021/07...conundrum/