The Globe and Mail reports in its Thursday edition that millennials, born between 1981 and 1996, have been beaten up by the stock markets. The Globe's Rob Carrick writes, however, that stocks have also delivered for that generation. Imagine a 25-year-old millennial investor put $10,000 on Jan. 2, 2008, into the iShares Core S&P/TSX Capped Composite Index ETF, a popular exchange-traded fund tracking the S&P/TSX Composite Index. By early March of 2009, the value of that investment had fallen to $5,830. Losing more than 40 per cent in more or less a year is a nasty outcome, but persistence would have paid off. Even with passing setbacks along the way, that ETF investment had grown to a little more than $18,000 in February of 2020. The onset of the pandemic drove the value of this ETF holding back down below $12,000 in mid-March, 2020, but another rebound quickly took hold. By mid-February of this year, that initial $10,000 investment was worth $30,000. Today, the stock market reaction to the trade war slashed the value back to $28,500. Despite the plunge in 2008 and other declines, the rate of return for that millennial investor was a cumulative 183 per cent -- or more than 6 per cent on an average annual basis.