20 Oct 2020

Robinhood - Tara Falcone on the app for millenials

From Afternoons, 3:06 pm on 20 October 2020

Robinhood is free-trading app that has shaken up the trading world.

It's already amassed 10 million subscribers - many of them first time investors. It has a game-like interface and is designed to make trading from a smartphone easy. So what could possibly go wrong?

Jesse speaks to Tara Falcone, a certified financial advisor who says the app makes it far too easy for young, inexperienced investors to get into risky investing behaviours.

Her organization, ReisUP educates millennials about  financial literacy - and she says the Robinhood app is like giving the keys of sports car to a 12 year old.

Tara Falcone

Tara Falcone Photo: Joel Callaway Photography.