$3,000 strategy

The analysis by Rubicoin, which notes that the average Millennial has been in the workforce for 10 years, was simple, stock-specific and easy for even novice investors to understand.

Starting in 2009 and ending this tax season, they assumed a Millennial took the $3,000 tax refund and put $1,000 into each of the three popular stocks on the first day IRS refunds were available, normally in mid-February. That strategy resulted in a profit of roughly $190,000.

Amazon, Apple and Netflix, which along with Facebook and Google parent Alphabet make up the popular “FAANG” stocks, have been among the market’s best-performing stocks in the 9-year-old bull market.

Of course, one of the biggest challenges facing most Millennials — now the nation’s biggest generation — is coming up with cash to stash away in investments that can grow their wealth in a significant way over time.

Because of sizable student loan bills and careers and income streams that were interrupted by the fallout from the financial crisis, getting ahead financially and having “disposable” cash to deploy hasn’t been easy.