Day trading was trendy decades ago and popular again today, helped along by apps like Robinhood. Many people feel it’s an easy way to make money and earn a return on your investments; many others who are out of work due to the pandemic feel it’s a viable way to earn an income while unemployed.
But despite what news articles (or your friends and co-workers) may say about this investing style, the fact is it’s extremely unsustainable. Investing in single stock positions introduces you to a much higher level of risk than you may truly be comfortable with.
The returns might look flashy, and if you’re not currently buying stocks, you may feel like you’re missing out. What you really might be missing, however, is an understanding of the kind of risk that comes with the promise of big rewards.
Read the entire post at https://www.kiplinger.com/investing/601435/is-that-hot-investment-worth-the-risk