Prudent investment tips for the young

Robinhood's customers trade fast - often in volatile types of investments - and can lose lots quickly.
Robinhood's customers trade fast - often in volatile types of investments - and can lose lots quickly. PHOTO: AGENCE FRANCE-PRESSE
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This year, online Robinhood and its millions of younger-than-average customers have found themselves at the centre of attention that is comic and tragic.

"Robinhood: 'We now allow teenagers with their parents' credit cards to trade stocks'" went the April headline on satire site Stonk Market. Two months later, the headlines were far more sobering, after a 20-year-old killed himself, leaving behind a note about his negative Robinhood balance.

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A version of this article appeared in the print edition of The Sunday Times on September 20, 2020, with the headline Prudent investment tips for the young. Subscribe