The millennial boom is coming to an end with the stock market

With inflation running hot, interest rates on the rise and valuations stretched, even mainstream Wall Street strategists are predicting major corrections. We apologize, but this video has failed to load.

Tap here to see other videos from our team. Try refreshing your browser, or Cathie Wood: This one simple tailwind will push the bull market to 2038 — three stocks to ride It In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat s Thomas Lee that suggests millennials could power the stock market rally until 2038. So this is the echo of the millennial boom, she said in reference to the rapid rise of baby investors. The top holding of Ark's flagship ETF - ARK Innovation ARKK - is Tesla, a millennial favourite. Wood has plenty of other big bets, too. Here s a look at ARKK s three largest holdings besides Tesla — one of them might be worth buying with some spare pennies Teladoc Health is one of the leading telemedicine companies in the U.S. It has a consistent track record of revenue growth and margin improvement. Not surprisingly, the company benefited from the extraordinary environment brought on by COVID - 19. When non-life threatening, telehealth adoption was put on hold during the peak of the pandemic, telehealth adoption exploded. Teladoc s revenue increased 98 per cent in 2020 to $1.09 billion, with total visits increasing 156 per cent. For 2021, management is projecting a top-line of between $2.0 billion and $2.025 billion. Teladoc is currently the second largest holding at ARKK, accounting for 6.2 per cent of the fund s weight. But the stock is actually down 30 per cent year to date.

Some investing apps, like Wealthsimple, will give you a $50 cash bonus for your first $150 invested. If you've ever bought bitcoin from an exchange, you know that there s usually a transaction fee involved. And these transaction fees quickly add up. As the largest cryptocurrency exchange in the U.S. it earns a transaction fee every time someone buys or sells cryptocurrency on its exchange. In Q 2, Coinbase s monthly retail transacting users grew sequentially 44 per cent to 8.8 million. It earned $1.9 billion in transaction revenue and over $100 million in subscription and services revenue. The company represents just over 6 per cent of ARKK's portfolio.

Thanks to the recent Bitcoin rally, Coinbase shares currently trade at over $300 a piece. But you can get a slice of the company by using a popular stock trading app that allows you to buy fractions of shares with as much money as you re willing to spend. Over the past five years, the stock has increased by more than 10 fold. The company s platform gives users access to streaming services such as Youtube, Netflix and Disney Roku also offers its own ad-supported channels featuring licensed third-party content. The company added 1.5 million active accounts in Q2. Total revenue rose 81 per cent year over year to $645 million.

Naturally, there are other much larger ways to play these massive streaming tailwinds. Wood is however, as a pure way to play the trend, with the shares representing 5.8 per cent of ARKK's weight. The secret asset of the super-rich A quick word of caution: Even in a bull market, most things don t go up in a straight line. Even Tesla had a pullback of over 35 per cent earlier this year. If you want to invest in something that has little correlation with the ups and downs of the stock market, you might want to consider an overlooked asset — fine art Investing in fine art by the likes of Banksy and Andy Warhol used to be an option only for the ultra-rich like Wood. After all, a half-shredded Banksy piece just fetched $25.4 million at a Sotheby s auction. But with a new investing platform you can invest in iconic artworks too, just like Jeff Bezos and Peggy Guggenheim. According to the Citi Global Art Market Chart, contemporary artwork has offered a return of 14 per cent per year over the past 25 years, easily topping the 9.5 per cent annual return from the S&P 500. This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise only partners with brands it trusts and believes may be helpful to the reader. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.