Robinhood is one of my key long-term holdings.

It’s the closest thing to a financial super app, with a huge market, an expanding moat, a visionary founder, a growing ecosystem, and a relentless speed of innovation.

But one of the key things I try to convey here is that timing is critical. Even great companies can get way ahead of themselves simply because of sentiment. Sometimes, fundamentals need time to catch up.

Robinhood has been in a correction since October last year. From peak to trough, it was down over 50%. That is a good lesson that even great companies routinely correct, and exactly why risk management is so critical, even for long-term positions. That means reducing your position when the technicals deteriorate and increasing it when they improve.

Right now, it’s finally starting to reemerge from an early-stage base, and the catalyst are the new Trump Accounts.

On launch day, the app hit #1 in finance and #4 overall in the App Store. The fastest-growing app outside of AI.

Trump Accounts are investment accounts for children, with eligible newborns from 2025 to 2028 receiving a $1,000 government contribution. The app was built with Robinhood and BNY, and funding starts on July 4, 2026. That gives Robinhood a direct role in a large government-backed savings program.

It is becoming financial infrastructure for the next generation.