, and analysts agree that burden is another reason many millennials aren’t investing in stocks. So is the high cost of housing in certain urban areas, combined with the fact that people in their 20s often don’t yet have the earning power to invest part of their income in stocks.
“Invest at all-time highs?” one Twitter user responded. Another said he was 33 with school loan debt, saying, “This is a valid reason as to why my generation is struggling to invest.” “The elimination of commissions doesn’t do a lot for those individuals who are essentially scared out of their wits by their fear of what happened in the selloff a decade ago,” Hamrick said.
Vietri said Schwab encounters that fear with millennial clients. “When you see your parents or others go through that type of adversity, it does have a lasting effect,” he said. Millennials’ modest appetite for stocks will be tested if the market turns south in 2020, and there are questions about whether stock prices will keep rising if economic growth slows, the U.S.-China trade fight worsens or concerns mount about how the presidential election will affect the markets.
The economic crash of 2008 has left European powers reduced in capacity and with little appetite for foreign adventures 📉
Also...debt. Student debt. Lots of it! It's pretty difficult to invest something you don't have, namely money!
PeltzLATimes Buy into the market when it's going up. Buy into the market after a crash (everything is on sale). Buy into the market when things are going down. It's dollar averaging and it's part of a long play. Don't freak out if your totals go down. You don't 'lose money' until you sell.
PeltzLATimes
PeltzLATimes
PeltzLATimes Wealth building is inherently ageist W/ all the gadgets Millennials have to buy on top of crushing college debt from worthless degrees, is it any wonder that they barely have any money to do the things they want to like travel to Papua New Guinea let alone save money!?!
PeltzLATimes If they don’t invest in 401k, 403b or mutual funds, then it’s their own fault. I started investing in college with 100$ a month. They will cry they don’t have 50-100$ a month to invest, but they have $ for Starbucks & to download music & buy video games. It’s a matter of priority
PeltzLATimes That's because most of them are unemployed sitting around at mommy and daddy's house pondering climate change.
PeltzLATimes Because they sleep until noon so they can protest at night.