Day: June 4, 2020

The ‘average’ Robinhood trader is no match for the S&P 500, just like Buffett

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.

[Read: Bitcoin vs. NASDAQ 100: Watch them thrive during the pandemic]

Indeed, instead of making plays themselves, it appears the average Robinhood trader would’ve made more money

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