Because online stock brokerage app Robinhood helped democratize investing even further by eliminating transaction fees and offering free stocks to investors who opened a trading account, it's introduced millions of people to the best wealth generation tool around.
Yet by making stock investing dead simple, it's also allowed people to take fliers on companies that arguably might not deserve the level of support they receive on the platform.
Of the stocks that follow, not every one of them is a bad company. Some are actually quite good businesses -- they're just not worth the price people are paying for them. Valuation is an important consideration in investing.
The following six companies are good examples of Robinhood stocks that may not be worth your money.
5 Winning Stocks Under $49
We hear it over and over from investors, “I wish I had bought Amazon or Netflix when they were first recommended by the Motley Fool. I’d be sitting on a gold mine!” And it’s true. And while Amazon and Netflix have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $49 a share! Simply click here to learn how to get your copy of “5 Growth Stocks Under $49” for FREE for a limited time only.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.