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Robinhood Takes on Warren Buffett

Why Retirement Savers Should Ignore the Robinhood Hubbub

Why Retirement Savers Should Ignore the Robinhood Hubbub Long-term investors with diversified nest eggs have little to fear from the GameStop saga by John Waggoner, AARP, February 4, 2021 | Comments: NurPhoto / Getty Images En español | A group of small investors who frequented an internet chat board produced mammoth gains in GameStop stock in recent days, while saddling big Wall Street players with elephantine losses. In the fallout, the popular stock-trading app Robinhood and several hedge funds are reeling, even as some of the GameStop investors have moved on to other targets most recently, the market for silver. Is this something that should concern retirement savers? Probably not. If you re investing for retirement, you should be looking at the long term, not next Friday, for your gains. You also shouldn t be cavorting with individual stocks, especially those of small, shaky companies. Stick with well-diversified, low-cost mutual funds, which don t pull the

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