“Millennials are addicted to Facebook [stock]. Boomers love GE, and recent grads worship Buffett,” Evelyn Cheng reports for CNBC. “Most of all, everybody loves Apple.”
“That’s the findings of TD Ameritrade data on the age-divided equity asset allocations of its 6.3 million retail clients. Apple topped the charts, but the underlying differences show that age matters,” Cheng reports. “Fighting the popularity competition with the iPhone maker, General Electric’s stock had the second-highest allocation in portfolios of investors age 50 and older.”
“Apple went public in 1980, while GE was an original member of the Dow Jones industrial average when it was created in 1896,” Cheng reports. “Facebook’s popularity may be on the wane. The social media stock was the second-highest holding among 25-to-49-year-olds, but eighth for the younger set.”
Read more in the full article here.
MacDailyNews Take: Regardless of the stock, everybody knows that Facebook is for moms.
[Thanks to MacDailyNews Reader “Scott M.” for the heads up.]