Where Millennials Should Invest? 10 Places
Investing is key to a financially stable future, and no one is in a better place to invest than millennials who are blamed for poor financial planning and yet stand to make the most in the long-term from investments. Unfortunately, most millennials are in the dark about lucrative investment opportunities. Fortunately, all the digging has been done for you and promising investment vehicles outlined for you in this article.
Microsoft
Millennials are big on technology, but that’s not what makes Microsoft a viable investment vehicle. For starters, Microsoft has been improving in performance judging by its rank on popular investment sites. Additionally, the company has a bright future ahead of it for two reasons. One, it is leading in cloud computing, which is a game changer for the industry. Two, it has nurtured Azure to become one of the top brands in cloud computing, and many people are buying in on it.
Millennials spend a lot of time on Facebook, so why not make money from it? As a company, Facebook has a vast portfolio of online platforms that are performing relatively well. Additionally, it is making major strides in virtual reality and will only grow in size, functionality, and popularity. It is also cashing in big on its data-driven advertising services although with some controversy. To this end, it is the ideal investment vehicle for long-term investments and promises good returns.
Tesla
Tesla has been making huge strides in its ambitious projects. It is a leader in autonomous vehicle development, which seems inevitable in spite of the setbacks. It is also one of the main players in the development of solar power technology and energy storage. Finally, it is making an aggressive entrance in space exploration and has even landed huge contracts with the U.S. government. To this end, it is attracting many millennial investors, and the future looks promising.
Apple
Those who invested in Apple when it was still a startup need never to work again. Those investing in the company today are also looking forward to good paydays. The company has over $250 billion in cash alone and much more in assets. Its shares make it the most valuable public company, and it is ranked at the top by investment sites. It is especially popular with millennials.
Walt Disney Co.
Walt Disney has performed generally well ever since it went public. It was ranked eighth on TD Ameritrade’s list of 2017, a strong indication that it is still going strong. To this end, more and more people are putting their money in this entertainment company, and the number of millennials following suit is increasing. Those who trust their money with Walt Disney Co are inspired by its emerging production technology and new brands that are growing its franchise portfolio.
Amazon
Amazon has risen incredibly fast on investment portfolios as it revolutionizes online trading. It commands billions of dollars in online sales and is giving Microsoft a run for its money when it comes to cloud computing and storage. To this end, it has proven attractive to many millennial investors looking for good rewards.
Amazon should also be a wake-up call for millennials to try their hand in online commerce. Venturing into online commerce is easy especially with the knowhow, and you can learn everything about it on sites such as PPChire, BitGale, and RunRex.
Acorns
Acorns is an online platform that is ideal for millennial investors working on a budget. Here, you take your spare change from credit and debit card transactions and invest it with the platform. The platform then rounds up this small change into dollars and invests it in one or a combination of six funds. The investment is executed by professional investors with experience in the field, and one stands to get good rewards depending on how much is invested.
Berkshire Hathaway
Berkshire Hathaway is one of the main investment vehicles for Warren Buffet and other renowned investors. Investments are assured as they are overseen by some of the brightest minds on Wall Street. To give you an idea, its shares have more than doubled since the return on S&P 500. However, it is important to remember that it involves value investing, which is a long-term model that may put off most millennials.
Bank of America
Bank of America is one of the favorite investment vehicles for millennials. It ranks among the top ten companies to invest in the U.S. and has generated up to 40% returns for its investors. It is looking at even better tidings in the near future following the current administration tax cuts and corporate deregulation.
Betterment
Betterment is also an investment vehicle that does all the investing for you. It is simple to use as all you have to do is deposit the money you wish to invest, enter your age, and choose one of five investment goals. Your money is then invested in stocks and bonds that span 12 global asset classes. The investments are executed by professional and experienced investors and financial advisors. It is especially ideal for millennials who are just starting out in investing and don’t know how to go about it.