This is my highest conviction play. Been long since sub $15 levels and looking to continue adding on dips. I don't think the market fully understands how big Robinhood will be, & I thought that at $10-15, but with all the recent developments & acquisitions; I think they will be bigger than even I initially forcasted. They acquired Bitstamp, PlutoAI, TradePMR, Launched a long list of products, Introduced new services, the list goes on and on. The value proposition for both investors & users is well intact. Great longterm hold imo. I would advise a routine DCA for anyone looking to enter/add to their positions, its worked well for me.
Robinhood is a 100 dollar stock, users, crypto, options, boost percentage for depositing money, retirement Ira, Roth, high yield savings, user friendly, highest credit card return rate, good management, new products.
I just sold for over 100% gain in a couple months of ownership. I agree and think this is a great stock for the long run, however the market is a little frothy at the moment and wanted to increase my cash position. Robinhood is short term overvalued and their liabilities are going to hurt them short term. The 1% match and their 3% cash back along with other incentives will drag down their cash flow and net income. I will be a buyer again and want to establish a sizable position on a market correction.
@Welcome0002 definitely disagree! He's said *sold for over 100%*; how is that a bad strategy? I've held Intel for close to 7 years (or so) at one point was up 100%+...today, negative double digits. Again - definitely disagree with you, respectively.
This is my highest conviction play. Been long since sub $15 levels and looking to continue adding on dips. I don't think the market fully understands how big Robinhood will be, & I thought that at $10-15, but with all the recent developments & acquisitions; I think they will be bigger than even I initially forcasted. They acquired Bitstamp, PlutoAI, TradePMR, Launched a long list of products, Introduced new services, the list goes on and on. The value proposition for both investors & users is well intact. Great longterm hold imo. I would advise a routine DCA for anyone looking to enter/add to their positions, its worked well for me.
Robinhood is a 100 dollar stock, users, crypto, options, boost percentage for depositing money, retirement Ira, Roth, high yield savings, user friendly, highest credit card return rate, good management, new products.
I just sold for over 100% gain in a couple months of ownership. I agree and think this is a great stock for the long run, however the market is a little frothy at the moment and wanted to increase my cash position. Robinhood is short term overvalued and their liabilities are going to hurt them short term. The 1% match and their 3% cash back along with other incentives will drag down their cash flow and net income. I will be a buyer again and want to establish a sizable position on a market correction.
Good luck, that type of investing is not a great strategy, but it is not bad to take profits.
@Welcome0002 definitely disagree!
He's said *sold for over 100%*; how is that a bad strategy? I've held Intel for close to 7 years (or so) at one point was up 100%+...today, negative double digits.
Again - definitely disagree with you, respectively.
I’m selling my Robinhood for more crypto