One of the most popular investing apps today is one called Robinhood. Since the first quarter of 2020, Robinhood has gained over 3.1 million users to its platform. In addition, over half of these new users are beginners in terms of investing. And with a median age of 31 years, they are not as savvy in knowing the risks of investing. This is evident in Reddit forums and other social media chats where college students discuss their investment habits. In fact, Robinhood received notable press for a student who lost over $730,000 in options and subsequently committed suicide.