Millennials Suck At Investing

in #millennials • 5 years ago (edited)

Came across this article today of 5 stocks favored by millennials, 4 out of 5 of these companies are currently unprofitable. Uber might never be profitable (per the CEO ), Tesla will most likely have to go into bankruptcy protection or sell additional shares (their debt rating is currently junk), beyond meat has a forward PE into the 1,000’s (enough said) and canopy growth Corp is a highly speculative company that just fired one of its founders (internal strife).

The only stock I’d even consider buying is Nvidia! If I was even interested in buying a chip stock, which I'm not, it’s at least a decent company. Millennials don't have the faintest idea, what they’re doing. Investing in these companies shows they’ve done zero homework, easily bought into the hype and suck at math. A simple glance at a financial statement, would show you these companies are hemorrhaging money.

https://finance.yahoo.com/news/5-stocks-millennials-cant-stop-buying-td-ameritrade-163000639.html

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#suck #investing #stocks #partiko
5 years ago in #millennials by
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