Investing, Not Gambling: These Apps and Services Help Young Stock Buyers Think Long Term – The Wall Street Journal

Payne Porter and his sister, Piper, jumped on the GameStop stock frenzy in late January. Mr. Porter, a 23-year-old clothing designer in Los Angeles, invested $5,000, while his 26-year-old sibling, who works at an L.A. marketing agency, put in $3,000, both using the Robinhood trading app.

The wild ride they experienced during the two weeks they owned the stock was both thrilling and terrifying, they said.

I remember texting my dad when I was up $40,000 and he told me to pull out and I didnt, Mr. Porter said. It was definitely an emotional rollercoaster.

When they finally quit, they were still ahead by about $10,000 each. It was their first time buying stock on their own, and while they timed their exit well, they said next time they will proceed with more caution.

It felt more like gambling than investing, Ms. Porter said.

Continued here:

Investing, Not Gambling: These Apps and Services Help Young Stock Buyers Think Long Term - The Wall Street Journal