Best High Dividend Stocks: The Millenials Investment Guide

We often hear that  Millennials are terrible investors because most Millennials entered the workforce during the 2008 financial crisis.

Afterward, many hesitated to invest after seeing their families lose money, and those who often invested very conservatively. Many have avoided stocks, even the more conservative high dividend stocks.

Which begs the question – have Millennials changed their investment strategies? Let’s take a look.

With 20/20 hindsight, most people would agree that not investing during the turbulent 2008 financial crisis was a regret.

At this time, Millennials are facing their second economic recession with the 2020 pandemic (or third recession if we count the 2001 September 11th financial swing). Being recession veterans, they’re betting on a strong economic recovery.

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Popular Millennial Stocks

The primary stocks that Millennials are purchasing are tech stocks (Tesla, Microsoft, Apple). As well as companies with strong brand awareness (Virgin Galactic, Amazon, Peloton) according to Robinhood’s list of 100 popular stocks.

Interestingly, some of these popular Millennial stocks offer dividends and create a rise in dividend investing.

What Are Dividends Stocks

Dividends are a portion of the company’s earnings that are distributed to shareholders. In addition to the value of a company’s stock going up, dividends are an additional payment sent to shareholders simply for owning the company.