Five Things Millennials Do That You Probably Don’t Know

Five things that millennials do that you probably don’t know may be killing some industries. An article posted on CB Insights seemed to defend millennials and explain what is truly happening to those industries.

Cereal

Cereal used to be the go-to for breakfast with all its sugary sweetness until millennials decided to turn away from sugar. So cereal companies saw a drop in sales.

If you’re a millennial, you prefer healthier options like quick-cooked hot grains, fruit smoothies and breakfast sandwiches. But it’s not that millennials don’t eat cereal. It’s considered a perfect grab and go snack!

Gyms

Instead of being tied to an annual contract and sweating it out with a bunch of strangers at a large gym, millennials prefer to pay more for studio or boutique gyms with personalized, high-intensity workouts.

Some even opt for a pass that allows them the flexibility to book classes across multiple gyms. Millennials looking for a variety of social connections may like the smaller classes and the ability to try different types of workouts.

Canned Tuna

Preferring fresh or frozen over canned, a 2018 study showed only 32% of millennials said they had recently bought canned tuna. Over the last three decades, the industry has seen a 42% drop how much tuna people eat. You can’t blame millennials.

If you’re a millennial, you like your tuna fresh. And raw. Poké, a native Hawaiian dish is now offered in over 700 restaurants nationwide. Usually served in a bowl, it is a dish that matches millennial values: fresh, relatively inexpensive, protein-rich and fast.

Luxury Goods

Although millennials like luxury, they aren’t buying it. For some items, renting is the answer. For other things, luxury brands have come up with products that allow millennials to embrace the look of luxury but at a more affordable price.

Millennials say they care more about experiences than things, but if they can rent it or get it more affordably, they’ll go for it.

Commission Trading & AI Technology Investing

Another article said this year millennials will outnumber baby boomers 73 million to 72 million respectively. (See complete article) And millennials’ combined financial assets total $4.5 trillion. 

With expected organic savings growth, market “impact,” and wealth transfer or inheritances, millennials can anticipate $20 trillion in wealth by 2030. Wow!

If you’re a millennial, you’re not going to trade the market the same old ways. Millennials spend at least six hours a day with digital media and three and a half hours of this is on mobile. 

Financial goals need to be gamified. Give them a robo-advisor that presents goals, milestones, and account information through an app that uses infographic and interactive data visualization. And it has to be commission-free trading.

A study by CB Insights found that 44% of millennials consider commission free as the “most important” factor when trading ETFs with a brokerage. Only 13% of baby boomers felt the same.

iFlip is the first Algorithmic Intelligent (A.I.) stock trading software. It is better than robo-advisors because AI can invest in what is successful while managing the risk for higher returns.

Related: Difference between Robo Advisor & iFlip Algorithmic Intelligence (A.I.)

iFlip will soon be releasing their mobile trading app. Using A.I. software, it will trade for you or allow you to trade with the swipe of a finger. You can even make partial trades of stocks.  It is simple. It’s on your phone. And it’s free. 

Whether you eat canned tuna on your way to a studio gym or check your commission free trading investments on your iphone, the world is always changing. Usually for the better 🙂

Like this article?

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest

Four Crazy Investing Stats That Will Make You Laugh

January 21, 2020

When you think about investing, it’s usually a serious topic. Here are a few things that might make you laugh, at least chuckle or maybe...

2nd Richest Man – Warren Buffett’s Advice For Building Wealth

January 8, 2020

It’s been reported that in a conversation between Jeff Bezos and Warren Buffett, Bezos said, “…Warren, your investment thesis is so simple, you’re the second...

Why you don’t need a financial advisor

December 27, 2019

A lot of us are using the information available online when we manage our money. Some have student debts that limit the amount of money...

Worst Investor Mistakes of 2019: AI solves them

December 19, 2019

No one invests to lose money, yet it happens every day. People want to invest for a variety of reasons. Many of those reasons lead...

Four Crazy Investing Stats That Will Make You Laugh

January 21, 2020

When you think about investing, it’s usually a serious topic. Here are a few things that might make you laugh, at least chuckle or maybe...

2nd Richest Man – Warren Buffett’s Advice For Building Wealth

January 8, 2020

It’s been reported that in a conversation between Jeff Bezos and Warren Buffett, Bezos said, “…Warren, your investment thesis is so simple, you’re the second...

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You were referred by

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at www.iflipinvest.com. Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. A $0.01 / share commission applied. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

Download our new FREE mobile app!