4 Funds to Gain From Millennials' Way of Financial Wellness
Zacks Investment Research | Dec 08, 2020 09:40PM ET
Millennials, the demographic cohort born between 1981 and 1996, have been fortunate to witness the rise of the digital revolution that led to a plethora of opportunities across all industries. This generation begins and ends the day with technology. Hence, their investment decisions and financial wellness also revolve around the arena of technology. In fact, having experienced two major stock market crashes in their lifetime, these youngsters take a cautious approach to their investments.
Per a BlackRock (NYSE:BLK) survey in 2019, 65% of millennials choose to stash their earnings in cash savings accounts and nearly 85% consider themselves “conservative” when it came to risk tolerance. Talking about financial wellness, this generation is more attracted toward putting money on crypto currencies, tech stocks, environmental, social and governance (ESG) funds as well as venture capital funds.
h3 Millennials’ Attraction/Inclination for Tech/h3This tech-savvy generation boosted the adoption and use of technology in several ways. From education to entertainment, buying groceries to remote working, millennials depend on technology to connect to friends and family, work and much more. Now with the pandemic forcing people to stay indoors, technology became the man’s best friend without any doubt. Per an To read this article on Zacks.com click here.
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