There’s no rule saying you have to invest in the market

Steve Quirk, Chief Brokerage Officer at Robinhood, explains that there are alternatives if you’re nervous about getting into the markets.

Transcript

00:00Right now, if you look at the market, there's a lot of volatility that's happening.

00:04There's a lot of uncertainty, and our customers are young, average age of just over 30.

00:09Some of, most of them, half, at least half, are first-time brokerage customers.

00:14So navigating what I'll call volatile waters can be new to them or intimidating.

00:20My advice to some of the younger people, look, if you ever feel uncomfortable in any area of investing,

00:27there's an easy path to deal with that level of discomfort.

00:33It's just take a step back.

00:35And there's a reason we have a yield product.

00:37It earns 4%, which is about 10% higher than you're going to get at a bank.

00:41If you're not comfortable investing right now, then just step out.

00:454% is better than zero, and when you feel more comfortable with what you think is going to happen in the market,

00:53then you can step back in.

00:54And that's a very natural thing to do.

00:56This is all about, you know, that's the beauty of investing.

00:59You get to do it your way.