Robinhood users simply can’t catch a break. First, a series of interruptions rocked the platform on some of the most volatile days in stock market history, for which the company offered only lacklustre subscription discounts.
Now, fresh analysis has shown that the average Robinhood trader hasn’t just underperformed in 2020 — they’ve also posted 6.2% fewer returns than the S&P 500 (a basic index of top US companies) over the past two years.
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Indeed, instead of making plays themselves, it appears the average Robinhood trader would’ve made more money