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Millennials are latching onto ETFs faster than older generations. These are the most popular ETFs among young investors, according to TD Ameritrade.
Fat dividends are at a premium in today's world of near-zero rates.
The Vanguard Dividend Appreciation ETF (VIG) owns shares of companies with a proven track record for growing their dividends year after year. Large holdings include IBM (IBM), Coca-Cola (KO) and Procter & Gamble. (PG)
Millennials are also big fans of the Vanguard High Dividend Yield ETF (VYM), which gives investors exposure to stocks projected to pay out hefty dividend yields.