Millennials Opting for Bitcoin Investment Over Netflix and Disney, Reports Charles Schwab
Millennials would rather have exposure to Bitcoin than invest in Netflix or Disney, according to the lastest analysis from Charles Schwab.
A new report from the investment giant shows Millennials are opting to buy Grayscale’s Bitcoin Trust, which is backed by BTC, instead of shares of Microsoft, Walt Disney, Netflix or Warren Buffett’s Berkshire Hathaway.
The report also shows Millennials in particular are allocating a larger portion of their investment portfolios to cash and exchange-traded-funds (ETFs) compared to other investors.
Mutual funds and Apple stocks continue to make up the largest holding in the accounts of all age groups, Charles Schwab reveals.
“SDBAs are brokerage accounts within retirement plans, including 401(k) and other types of retirement plans, which participants can use to invest in stocks, bonds, ETFs, mutual funds and other [financial] securities that are not part of their retirement plan’s core investment offerings.”
Gen X investors made up around 42% of the approximately 142,000 retirement plan participants, while Baby Boomers and Millennials made up 39% and 13% respectively.
The report’s data also confirms that mutual funds still hold the largest percentage of participant investments, with Baby Boomers allocating approximately 39% of their portfolios to them.
Equities represent the second-largest allocation for portfolios across all generations.
Follow us on Facebook Join us on Telegram Follow us on Twitter
