Millennials are entering their prime earning years, making it a perfect time to consider introducing dividend stocks to their portfolios.
There’s a common idea that young investors should automatically gravitate to growth stocks and other riskier investments in the name of upside. Admittedly, young investors have a longer time horizon that affords them more time to endure volatility or recover from losses if an investment goes poorly.
But research from The Motley Fool also shows that investors like passive income as well. For instance, while millennial investors do typically favor growth stocks, 35% of those surveyed had an interest in dividend stocks, and young investors were more interested in real estate investment trusts (REITs) than older investors.
Millennials are entering their prime earning years and still have a long runway for compounding when…
