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Trump Inspires Millennial’s to Start Trading Stocks

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By Juliette Fairley

Equities have risen sharply since the election of the 45th president of the United States and millennials are taking full advantage.

“The millennial generation is extremely tech savvy and there are so many applications available for them to get involved,” said David Lojko, co-founder of Earn2Trade LLC.

Some 40% of millennials with online accounts trade options at least once a month, according to an E*Trade study, compared to only 25% of Generation Xers.

“Gen Xers didn’t grow up in such an environment of free wheeling information and unlimited accessibility,” Lojko told Newsmax Finance. “If more Gen X’ers trade, they just need to become more aware of the opportunities available to them with all of the new technologies, applications and interfaces in the market places.”

In fact, 33% of investors age 18 to 34 recently said they plan to move more of their retirement savings into stocks, according to a MassMutual survey.

“Younger generations have a strong desire to use their dollars to improve the world as well as gain a financial return when it comes to investing,” said Dave Fanger, CEO of Swell Investing. “This is a generation that is deeply curious.”

Millennials are so curious that many are dipping their toe into crypto-currencies.

Some 30% of those in the 18-to-34-age range would rather invest $1,000 in Bitcoin than $1,000 in government bonds or stocks, according to a Blockchain Capital study, a venture capital firm investing in blockchain technology companies.

“The results of the survey reinforce our conviction in the massive opportunity that lies ahead for Bitcoin,” said Spencer Bogart, managing director with Blockchain Capital.

Men, in particular, reportedly have the most positive impression of Bitcoin and its future.

The study found that 43% of male millennials compared to 21% of millennial women could turn to Bitcoin as a replacement for traditional assets.

But the Crypto market is a craze, according to experts.

“It can be fun while everything’s shooting up but you don’t want to get stuck holding the bag when it comes down,” Lojko warned. “If you choose to trade in such a risky asset that has nothing underpinning its value, then make sure it’s a very, very small part of your trading capital.”

President Trump’s significant corporate tax reduction is potentially at the root of renewed faith in the markets.

“Investors with a large trading account weren’t interested in cashing out before the tax bill was passed and I believe this effectively reinvigorated the stock market leading to the rise in the S&P,” Lojko said.

The S&P 500 has spiked more than 12%.

“The fact that the corporate tax rate has been cut from 35% to 21% makes investing through a corporate structure more beneficial than it was in the past when compared with a flow-through or pass-through structure,” said David Sites, an international tax partner at Grant Thornton LLP.

Read Newsmax: Millennial Stock Trading on Rise Thanks to Trump | Newsmax.com

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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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