Some Millennials and Gen Zers Are Closing Investing Accounts Over Inflation. Here's Why That May Lead to Regrets

Without a sufficient emergency fund, some investors may be selling assets to cover a higher cost of living, said Kyle Newell, an Orlando, Florida-based certified financial planner and owner of Newell Wealth Management., especially younger investors with less experience.

, according to a recent study from MagnifyMoney. Some 23% of millennials and 15% of Gen Zers wished they had invested more, the survey found, and roughly 15% of each group regrets selling an investment. "Investments are tools," he said."They work best when you decide what you need done and then go shopping for your tools."

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