![]() ![]() Robinhood does not charge customers for the trades and hence you may be wondering how it makes money. Robinhood investment is an online brokerage that offers commission-free trades in stocks and ETFs. Through Robinhood app and website, investors can invest in stocks, ETFs, options, gold and cryptocurrencies for free. Today, the company has attracted more that 13 million customers and it is valued at almost $11.2 billion. In 2013, Baiju Bhatt and Vladimir Tenev saw an opportunity to disrupt this industry by creating a free method for anyone to invest in stocks. ![]() And what they found was… They were accounts from people who forgot they had an account". The conclusion of this research says it all: "Fidelity had done a study as to which accounts had done the best at Fidelity.Trading more often leads to worse results. Over and over it has been shown that a buy and hold strategy is definitely the best strategy in the long run, especially when you go for broad index funds.
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