You are here: Home - Investing - Getting Started - News -

Millennials becoming more confident investors

0
Written by:
22/02/2017
Millennials are investing more money, more often into ISAs, research suggests.

Analysis by broker The Share Centre identified a 39% increase in the number of trades made by 18-36 year olds between 1 January and 21 February compared to the same period a year ago.

The amount of money invested also jumped by more than half – 57% –  year-on-year.

In terms of what they are investing into, the data suggests millennials prefer to take either a high risk or a relatively safe approach.

Blue chip names such as BT, Vodafone and GlaxoSmithKline regularly appear in portfolios but so do smaller, riskier punts such as mining firms Kodal Minerals and Centamin and oil and gas company Ascent Resource and 88 Energy.

While the numbers show male millennials are more active investors, female millennials seem to be making confident strides with a 20% increase in the number of trades made year-on-year.

Graham Spooner, investment research analyst at The Share Centre, said: “Millennials are investing in well-known, recognisable and income generating FTSE 100 companies and then going straight to the other end of the spectrum and punting on much more extreme smaller and higher risk companies.

“As is life, millennials will one day be considered ‘middle-aged’ and may perhaps begin to question whether this strategy will continue to pay off.

“When thinking about their future, and of course if they decide to move towards a more balanced portfolio, I would suggest that mid-cap companies could be the answer.

“As the blue chips of the future, mid-caps could provide millennials not only with growth potential but the element of risk that they are clearly craving, without going to the extremes.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

BUDGET 2017: Personal allowance and minimum wage to rise next year

The personal allowance and minimum wage rates will rise from April 2018, the Chancellor of the Exchequer annou...

Santander launches premium current accounts with added perks

Santander has launched current accounts for ‘select’ and ‘private’ customers, offering enhanced features for a...

Three reasons to set up a pension for your child

With so much talk about saving for retirement, have you ever considered starting a pension for your kids?

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

Tesco expected to post significant write-offs

Tesco is predicted to unveil the biggest loss in its 100-year history, according to analysts.

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
flightdelay
Five airlines told to cough up flight delay compensation

A handful of airlines face enforcement action by the aviation regulator for denying passengers the compensation they’re legally entitled to...

Close