and Robinhood — saw new accounts grow 150% or more in the first quarter, when stocks experienced the fastest bear market and the worst first quarter in history.In March, stocks started to rebound led by resilient tech stocks. There were also hopes that slowly reopening the economy and a Covid-19 treatment will create a path to recovery.The major online brokers saw a major jump in new users during the coronavirus sell-off, bolstered by zero commissions and fractional trades.
"Perhaps because they're home or perhaps because of furloughs, they also have time to dedicate to their investments that they didn't necessarily have before," Kinahan added. "The access to trading, there are no barriers to entry anymore, its on your phone, you can buy whatever you want, fractional shares are available so if you can't pony up $1,400 to buy one shares of Google you can still own the FANG stocks," Welsh added.Stock positions at the Silicon Valley start-up have nearly tripled since the end of last year.
TD Ameritrade investors "have been doing a pretty good job choosing technology stocks," said Kinahan. "In this last month, Apple was one of the stocks that stood out in terms of millennial clients compared to our overall client base and Apple performed pretty well in that time frame." Market participants have increased positions in American Airlines, Delta Air Lines, United Air lines, Carnival Cruises and Norwegian Cruise lines the most of any stocks in the past month.
"Traders here are 'buying the dip' in a lot of names with questionable fundamentals now, i.e. airlines, highly volatile stocks, low in recent price momentum, and ones with that have recently had lottery ticket like upside payoffs occur," added Krause. "Robinhood investors are making all the classic mistakes in the short term. May work for today's market, but not in the long-run if repeated.
And yet...I'm still down
That could be a set up for later clean up.
stoolpresidente effect
It’s called ppl are bored and wanna gamble
Please, yes. We need tons of new money and chasers!
Everyone’s trying to buy the dip
The article is moot - We’re not at the bottom yet
Retail investors are jumping in while big money managers are cashing out. Sounds great.
broker’s charge to much so they should be banned - instead we call a guy our son know’s who does it all for us and then send’s us the picture’s for a small percent
It’s repeated tweets like this that influence young people to make mistakes. So many “eager” investors don’t understand that the supply chain is changing and globalization is reverting to regionalization. This is the second “Depression” happening before our very eyes. Be smart.
But they make zero dollars from free trading. How is that good
buy puts
老韭菜已经被割到长不出来了，是时候来一波年轻的韭菜了。
Second wave of bagholders
Time to sell... The stock was good for the 90s... Jesus its crazy how behind the mass is. Just like people are buying real estate like if its the 80s.
How many new investors are risking wealth they can't afford to lose in the market because they can't get a decent return from a savings account?
Does CNBC know anything other than being blindly bullish, except for those moments when there’s absolute terror in the market? It’s just boring and useless for anything meaningful.
Sounds like me.
Creating millions of lazy trust fund kids
Idiots
Similar to that generational buying moment when Bitcoin was 20k.
Not good
They had stepped into world of vagaries unknowingly that will devastate their bright future into darkness if Negativeness caught them especially now!
“Generation buying moment”
QQQ just short of all time highs... Good luck with that gen Z
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They listen to pumpers like Jim Cramer probably
You now have a claim to a stock like Apple, Ford, or Facebook. In order to keep this claim to your stock, sign up and join Robinhood using my link.
Young people collecting 600 bucks extra per week from uncle Sam on Robin hood. That explains the entire market
They’re wiser than you think, permabears just had their chance to get in and they turned more bearish 😂
That only lasted a couple days back in March
REKTstonkMAN
🙈
Tech and Healthcare will always be around.. Soon you will see many other stocks drop that belong to companies that no longer serve a purpose.
Exactly what they need to do. Time favors the young. This won’t last forever markets will either go up or crash and burn and at that point all money, silver, and gold will be worthless.
They're about to get obliterated.
These headlines ! WTF
If history has taught me right, stocks have more to fall. Suckers are being drawn in.
Because, the Fed will push as much money as needed to keep the markets going. How can you lose?.. except stay away from airlines
That was a month and a half ago
“and at the time people are like 'oh my God, how can they do that?' Yet, they went and saw the opportunity where many of perhaps our older clients did not necessarily see that opportunity when the stock was trading sub $8,' Kinahan added.” Time to get rid of TDAmeritrade acct.
Lots of people on this thread sold at the bottom.
This uhhh kinda suggests we go lower, doesn't it?
Well the Fed is determined to never let them see a real buying opportunity