Daring trades and risky buys – millennials hit the stock market

I've always been a little dubious about labels for generations: pinning the name Baby Boomer on a band of people around the world and then blaming them all for the ills of the world seems a little unfair to me. Equally, though, I don't buy into the labelling of millennials as lazy (or as eaters of avocado toast). Those are certainly not characteristics of the millennials I have worked with. As for Gen Z  – I have a fine young teenager in my house and its not apparent to me that any label at all fits him. But it seems that there is one thing people under the age of 34  might have in common, and that's a tendency to dabble in day trading. A survey conducted in the US suggests that young people have been exploring the market more since the Covid-19 pandemic began. More than half of Gen Z and millennial investors say they've been trading more often, compared with just a 30% increase for the general population, the survey shows. I can't say that is true of the Gen Z person in my house – but that's because he doesn't have any money. I have no doubt he'll be day trading as soon as he can lay his hands on enough cash. – Renee Moodie 

Gen Z and Millennials really are trading more in the Covid era

By Sarah Ponczek

(Bloomberg) – For those imagining the commonplace 2020 day-trader as a young adult equipped with a smartphone and some cash, those suspicions may be right. A study shows the under-34 crowd has increased its trading during the pandemic at a rate far higher than that of the broader population.

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