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Millennials Are Falling for Young Stocks. Will It End in Tears?

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Despite a bumpy month for stocks, millennial investors remained bullish about the market in August — especially with regard to some relatively young companies — according to data provided to NerdWallet by TD Ameritrade.

The numbers, which come from TD Ameritrade’s monthly Investor Movement Index, or IMX, show that millennial investors increased their stock holdings more sharply than the average investor in August. They also show that millennial investors were more likely than the average stock-buyer to buy shares from Facebook, Ford, Snap (phone app Snapchat’s parent company) and Redfin, a web-based real-estate broker.

The market is nearing all-time highs, but that won’t last forever. And when the market tumbles, could millennials’...

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