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The Wisdom of the Robinhood Crowd / Ivo Welch.
- Format:
- Book
- Author/Creator:
- Welch, Ivo.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w27866.
- NBER working paper series no. w27866
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- Robinhood (RH) investors collectively increased their holdings in the March 2020 COVID bear market, indicating an absence of panic and margin calls. Their steadfastness was rewarded in the subsequent bull market. Despite unusual interest in some "experience" stocks, their aggregated consensus portfolio (likely mimicking the household-equal-weighted portfolio) primarily tilted towards stocks with high past share volume and dollar-trading volume. These were mostly big stocks. Both their timing and their consensus portfolio performed well from mid-2018 to mid-2020.
- Notes:
- Print version record
- September 2020.
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