DATA: Robinhood users are really bad at portfolio diversification


Can Robinhood users actually call themselves Robin Hoods, or is it just another tool for the rich to rob the average Joe? In this series we’re diving deep into Robinhood’s public data to uncover insights on its users’ activity. Welcome to part two, where we’ll combine Robinhood’s data with other public sources to quantify the level of risk Robinhood users are taking, specifically in relation to how well (or poorly) diversified their portfolios seem to be. At the start of November, we downloaded the full Robintrack database, which records how many Robinhood users hold a particular stock over time. While…
This story continues at The Next WebOriginal Article

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