Very interesting, as usual. Thank you for sharing! I learned of the Robinhood app only recently, as it’s only available in the US. And crypto trading is only available in ten states, with just two cryptocurrencies, if I’m not mistaken. Still, it looks like an awesome tool for investing in stocks and mutual funds. I would definitely give it a go, if it were available in Europe.
Last week I adjusted my monthly automatic direct debit for investing in mutual funds. It used to go into four different mutual funds, investing 25% of the monthly amount into each of them. I have been doing this for over a year now, so I have collected enough data to make my first adjustment. I ditched the Swedish index fund, as quite a few major Swedish companies were plagued by scandals and losses in the recent months. I took all the money from that fund and put it in the best-performing fund of the four (I also knew that fund from before, since I’ve been investing in it since 2014 and it performed consistently well each year). I also changed the percentage allocations for the three remaining funds: instead of splitting the investment equally, I’ll be putting 40% in the best-performing fund and 30% into each of the two remaining funds.
Oh, yes. Robinhood is just getting started in crypto trading and rolling it out in a controlled manner. BUT they are the only platform in which you can sell stocks and immediately use that money to buy crypto - and vice versa. THAT IS HUGE!
Its one reason they are now valued at 5.6 Billion after just about two years of operations.
Yeah, sometimes you gotta drop the losers. I wish you the best in this new investment plan.