Connect with us


Millennials will fuel a bull market in stocks for decades: Cathie Wood of Ark Invest




Cathie Wood told Yahoo Finance Live that just as Baby Boomers have been a major influence on the stock market for decades, their children, aka millennials, will be just as, if not more, important to the investment landscape. decades to come.

And this is one of the reasons why the close monitoring Ark Invest founder and CEO remains long-term bullish on stocks.

“It’s the echo of the baby boom,” Wood said of the rise of millennial investors, especially in 2021. Research referenced by Wood suggests that the equity bull market may expand until 2038 as millennials build their wallets.

In many ways, it was these millennials with their growing purchasing power that created the memorabilia stock movement that began in January. It’s a dynamic that has helped propel the stock prices of well-known and easy-to-understand companies such as GameStop (GME), AMC (AMC) and BlackBerry (BB) to dizzying new highs.

NEW YORK, NY - DECEMBER 10: (LR) Sarah Friar, Joel Weber and Cathie Wood attend

NEW YORK, NY – DECEMBER 10: (LR) Sarah Friar, Joel Weber and Cathie Wood attend “The Bloomberg 50” Celebration at Cipriani 25 Broadway on December 10, 2018 in New York City. (Photo by Cindy Ord / Getty Images for Bloomberg Businessweek)

Likewise, the millennial interest in the markets arguably benefited from the stock price of Wood frontrunner Tesla (TSLA) backed by famed CEO Elon Musk (Wood has a price target of $ 3,000 on You’re here). And in the process, it made Wood’s investment advice much sought after.

Wood adds, “I lived through the baby boom years, and this evolution in the stock market has been magnificent. It was a very simple assumption, and it worked. And I feel like we’re in the same place now.

Certainly, many of Wood’s investments through his various ETFs have a millennial vibe as they focus on leading tech companies.

For example, Wood owns shares of Robinhood (HOOD) and Coinbase (COIN), two companies at the forefront of the cryptocurrency rise. The same could be said for Square (SQ), which is also turning into a super app as it grows deeper into crypto. Roku (ROKU) is also a high-profile starring for Wood, a play about millennials ditching their expensive TV bill for more affordable streaming services.

“A lot of people ask me, ‘Are we in a bubble? We cannot be further. I don’t think the average investor understands how productive the next five to fifteen years are going to be. [for stocks] because these S-curves feed off each other and enter exponential growth trajectories that we’ve never seen before, ”said Wood.

Brian Sozzi is an editor and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, Youtube, and reddit




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]