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Millennial Investor News sources the internet for the latest investor news targeted towards millennials and offers original articles featuring modern-day companies that are poised to take the stock market by storm.

 

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  • According to a survey conducted by AMG Funds that was released earlier this month, 81% of millennial investors considered themselves “extremely or very knowledgeable” when it comes to their finances. Just 19% of older investors felt the same way.
  • AMG defined millennials as investors between the ages of 18 and 35, while baby-boomer investors were between the ages of 52 and 70. The survey polled 1,000 individual investors with at least $250,000 in invested assets. The survey didn’t indicate how its respondents were positioned in the market, but the results implied fairly concentrated holdings.
  • In August 2017, a survey from E*Trade suggested that a quarter of millennial investors were planning to move out of cash and into new positions over the coming six months, showing far more risk appetite than their elders.
  • According to data from Charles Schwab, millennials are big users of exchange-traded funds, which typically have lower fees compared with mutual funds. Furthermore, ETF investors overwhelmingly favor passive products, which mimic the composition of indexes like the S&P 500 SPX, +0.50%  , rather than relying on portfolio managers to select the holdings of the portfolio.
  • Jeffrey Cerutti, chief executive officer of AMG Funds, said the results were a sign that better financial advice was needed across the generational spectrum. Advisors “should make a concerted effort to educate current and prospective clients on managing their portfolio toward financial goals, including how to best manage risk and utilize diversification, as well as optimal asset class allocations,” he said in a press release.

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Millennial Investor News captures conversations around what Millennials are investing and wanting to invest in while highlighting trending stories around companies popular amoung millennials.

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