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Millennials are making long-term investments in big tech stocks

As goes Silicon Valley, so goes millennials' money.

Young adult investors are buying shares in tech companies and avoiding dividend-yielding stocks favored by the general investing population, according to Steve Quirk, executive vice president of TD Ameritrade's Trader Group.

Quirk, citing a TD Ameritrade report, said millennials' top stock is Apple, which in early May paid the world's biggest dividend. But none of the rest of their favorite five stocks — Facebook, Amazon, Netflix and Tesla — pay dividends.

Tesla doesn't crack the top 10 list for the general population, he said.

Quirk said these investing preferences...


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