By Paul Katzeff at Investor’s Business Daily:

Who says millennials can’t afford to invest? They can and do. And just as young investors should, millennials invest mainly in stocks. Millennials had 65.9% of their assets in individual stocks as of April 20, according to brokerage TD Ameritrade’s analysis for IBD of asset allocations among its customer age groups.

That should help the retirement planning of millennials because stocks tend to grow much more than other asset classes over time.

But millennials seeking to be successful investors have shifted assets into ETFs over the past three years. And that has come at the expense of all other asset classes.

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