Should millennials invest in what they use?

Millennials are avid consumers of some of today's hottest stocks, so it might make sense for them to take part in the profit - but are they safe bets?

Pira Kumarasamy 15 July, 2019 | 1:17AM

Millennials on smartphones

When it comes to investing, millennials have time on their side. When their portfolios are cultivated with time and care, they will have the opportunity to watch their investments grow over several decades.

Choosing individual stocks can seem like a gamble. Not every stock will become the next Netflix or the next Shopify. When you do your research and choose a variety of stocks in different industries, however, you reduce your risk and put yourself in a position to enjoy growth over the long term.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amazon.com Inc3,100.25 USD4.72
Canopy Growth Corp21.28 CAD1.87
Uber Technologies Inc34.38 USD-5.78

About Author

Pira Kumarasamy

Pira Kumarasamy  Pira Kumarasamy is a financial writer who writes for Morningstar on personal-finance topics, with an emphasis on issues affecting the millennial generation. She holds a bachelor of arts, economics and accounting from Wilfrid Laurier University.

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