Millennials have been labeled many things: lazy, entitled, narcissistic among other unflattering terms. They have also been accused of being highly risk-averse, preferring flashy investments like crypto over slow-n-steady ones like stocks and bonds.
Yet, millennials are proving some of these platitudes wrong.
This demographic of young adults born between 1981 and 1996 is proving to be savvy stockpickers, managing to outperform more seasoned investors.
But for how much longer can millennials trounce the market?
Millennial Stock Picks Beating The Market
Apex Clearing recently published its Q4 2019 Millennial 100 Report. The report analyzed more than 734,000 stock portfolios by US-based millennials with an average age of just over 31.
Young adults have been known to let their tastes largely dictate their investments, with many favoring the next big thing–mostly young and sexy tech stocks. Yet, this gung ho attitude towards investing seems to be serving them right.
As you might expect, the list of preferred stocks by millennials is FAANG heavy, which comes as no one’s surprise given that many companies in the group have proven to be the quintessential momo plays. Apple and Amazon emerged as the top picks making up 13.5% and 11.2% of their overall holdings. Other heavily favored names include Tesla, Facebook and Microsoft, in that order…CLICK for complete article