Are You Investing Like A Millennial Or Like A Boomer?

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  • In a recent video, CNBC's Landon Dowdy shared a comparison between the top stocks Millennialsinvest in versus those Baby Boomers are placing their money on.
  • So, where are you standing? Find out below.

Although recent data indicated that Millennials are not investing as much as the generation that preceded them, those who are doing it, are doing it in a very different way than their parents. According to Bankrate.com, only 26 percent of people under the age of 30 are investing in stocks, compared to the 58 percent of people between the ages of 50 and 64 who own shares of publicly traded companies.

In a recent report, portfolio management site sigfig shared some conclusions from its analysis of 400.000 portfolios for over 220.000 investors.

Top Stocks For Millennials

So, according to sigfig, the CNBC video assured, these are the most popular stock among Millennials:

5) GoPro Inc GPRO

4) Twitter Inc TWTR

3) SolarCity Corp SCTY

2) Advanced Micro Devices, Inc. AMD

1) Tesla Motors Inc TSLA

Apparently, “Millennialsare three times more likely to own” Tesla’s stock than Baby Boomers, Dowdy added.

Top Stocks For Baby Boomers

Unlike Millennials, who seem to invest based on familiarity with the companies, Boomers seem to prefer more established names like:

5) Merck & Co., Inc. MRK

4) Mondelez International Inc MDLZ

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3) Duke Energy Corp DUK

2) Honeywell International Inc. HON

1) Southern Co SO

Opposite to Tesla’s case, Baby Boomers are “five and a half times more likely to own” Southern Co’s stock than Millennials, the anchorwoman assured.

Mom And Dad Know Best

Finally, Dowdy looked into the performance of each of these stocks. While all five of the most popular stocks among Millennials are down year-to-date, only three of the Baby Boomers’ top picks are down, with Mondelez up more than 25 percent and Honeywell up 3.6 percent.

 

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

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Posted In: CNBCLong IdeasCrowdsourcingMoversTechMediaTrading IdeasGeneralCNBCLandon Dowdy
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