Millennials are in the driver’s seat when it comes to trading. And they’re betting big on a handful of favorite S&P 500 stocks. Tesla ( TSLA ), Apple ( AAPL ) and Amazon.com ( AMZN ) continue to be the top holdings of millennial investors and all are up in value this year, says an Investor’s Business Daily analysis of data from the just-released Apex Next Investor Outlook for the fourth quarter and S&P Global Market Intelligence. Watching millennials’ portfolios is important. As these investors age and start families, their generation is turning into a driving force of trading. "Over the past few years, aggregate assets for all generations have risen 16% to $52.4 trillion, while millennials and Gen Z are gaining wealth at a rate of 25%, much faster than the older generations," the report says. "Such a massive shift in market power is fueling major implications for how, when, and why financial services are consumed today and in the future." Watching Millennial Money Millennials, aged 26 to 41, triggered nearly 56 million trades in the fourth quarter. That’s more than any other generation, Apex says. And it’s nearly 1.5 times the trades made by Gen X, aged […]
Millennials Are Trading Like Crazy — Here’s What They’re Buying
You may also like...
