Short YouTube video (single-speaker) warning millennials against using investing apps such as Acorns and Robinhood. The speaker argues these apps encourage frequent trading, which hurts returns, and advocates passive investing in real estate as a low-effort, higher-return alternative. The clip urges viewers to follow for more advice.
The biggest mistake millennials make when just starting to invest is using apps like Acorns or Robinhood. These systems are designed to make you trade more often, and thousands of studies have shown that trading frequently leads to worse results. They make it so easy for you to put $20 here and $50 there that before you know it, you have no money at all left to invest. Don't fall for these traps. Learn passive investing to real estate instead. You can get great returns with almost zero work on your part. If you want to learn how ch, just follow for more.
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