Recent research has indicated that only 9% of Millennials title themselves as investors, while 46% title themselves as savers. The remaining 44%, of course, title themselves as spenders that are doing little to plan for their financial future. Clearly, millennial investors are in the minority.
However, there’s no reason to fear the stock market. Especially, after we offer three worthwhile stocks to purchase in 2017.
Amazon (NASDAQ:$AMZN)
Amazon sees a strong history of growth that should provide the intimidated millennial with warranted confidence. After all, Amazon’s e-commerce business has recently taken the retail industry by stock, trumping rivals such as Wal-Mart Stores Inc. (NYSE:$WMT).
Calavo Growers (NASDAQ:$CVGW)
We all know the hype behind the avo-trend among Millennials. In fact, Calavo Growers grows and provide avocados and other fruits to restaurants and grocery stores. Analysts have speculated for the company’s annual earnings growth to progress over 20% over the next 5 years.
Netflix (NASDAQ:$NFLX)
A recent study revealed that about 92% of college students owned a Netflix account. Another study revealed that a majority of teenagers prefers Netflix over Cable and Alphabet Inc’s (NASDAQ:$GOOGL) YouTube as their go-to video-watching platform. Netflix has a loyal consumer base that is only going to continue to expand with its influx of new shows added weekly.
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