At this time, Millennials are facing their second economic recession with the 2020 pandemic (or third recession if we count the 2001 September 11th financial swing). Being recession veterans, they’re betting on a strong economic recovery.
The primary stocks that Millennials are purchasing are tech stocks (Tesla, Microsoft, Apple). As well as companies with strong brand awareness (Virgin Galactic, Amazon, Peloton) according to Robinhood’s list of 100 popular stocks.
Dividends are a portion of the company’s earnings that are distributed to shareholders. In addition to the value of a company’s stock going up, dividends are an additional payment sent to shareholders simply for owning the company.