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Since youre at different stages of life, it makes sense that your goals and strategies may be different.
GOBankingRates looked at theCharles Schwab Modern Wealth surveyof 1,000 U.S. adults, which was updated in March.
Heres a look at what the survey showed forhow each generation invests.
It may be helpful to see how you compare.
Baby Boomers
Americans of all generations mostly rely on thebuy and hold strategy.
However, baby boomers (60%) rely on this strategy the most.
With the buy and hold strategy, investors purchase stocks or assets to keep them long-term.
That means even through short-term market ups and downs.
The buy and hold strategy is the second most popular (48%) with Gen X.
That includes robo-advisor investing, which usesonline investing platformswith algorithms to manage investment portfolios.
These younger generations of investors are also increasingly using social media to help inform their financial choices.
Further, Gen Zs are looking to invest earlier.
Financial advisors may celebrate these statistics because investing earlier allows more time for wealth to grow with compounding interest.
Direct indexing is another method mentioned in the survey.
With this one, investors buy and own individual stocks of an index rather than using a mutual fund.
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