Millennials shrug off stock rally

Just 3 years ago or so, I was one of the people profiled below. I started my adult career in the wake of 9/11 and dot-com bubble bust. I graduated with my MBA in 2009, the depths of the Financial crisis. That coupled with my already risk-averse immigrant mindset, my personal balance sheet looked akin to that of a cave-dwelling cash-hoarding dragon. ???? Thankfully, I had a good friend who over the course of a few hours (and a couple bottles of wine) convinced me to put my actual education and financial acumen to use for my own benefit instead of just for my employers’ benefit, and make my money earn its keep by putting it to work. I needed that wake up call back then - and am always happy to pay it forward by helping others who have trepidations about equity markets.... I’m likely biased because of my #Columbia education but I always recommend Ben Graham’s Value Investing, Warren Buffett’s annual shareholder letters, and Charlie Munger’s Poor Charlie’s Almanac as the best starting point, foundational reading for anyone interested in understanding how to value equities. Word to the wise - don’t jump until you have a investment thesis on that company - and once you do take the plunge, check your thesis and assumptions periodically, not the stock price. #valueinvesting

Millennials falling behind the ability to participate in the economy due to student loans, inflation, cost of living, recessionary conditions etc., this is bad for macroeconomics. Millennials, pay attention.

The rich are getting richer because they are staying invested in the market. Get in the market. Get someone to help you. "Investors who owned stocks during the 11-year bull market that ended in March earned significant wealth, and likely were willing to weather a setback. The wealthy have always owned the most stocks, but the gap has widened...The Federal Reserve’s data show that the top 1% of income earners and the bottom 60% each owned about 20% of total household wealth when the stock market bottomed out in the first quarter of 2009. By the second quarter of 2020, the top 1% of income earners owned about 25% of household wealth, versus 15% for the bottom 60% of earners." https://lnkd.in/gPhF9Vf

This is interesting. We need to do a better job of explaining retirement savings to the young and preparing them for their future. Markets go up and they go down, but a systematic monthly approach to investment gives the benefit of all the markets moves for the long term.

Financial planning, in many ways, is more important now than ever. Doing the legwork now could help alleviate some of those fears created by bear markets in recent years and help you plan for the future. #financialplanning #retirement

The Dow hit 30,000...it's not the be all end all of indexes but for it to happen after the hit to health, finances, and economy this year, it's pretty amazing considering where things stood in March, when the index went below 19k - about a 60% rise since then... #linkedinfinance #markets #investing Lions Financial

This graph, from The Washington Post, shows how "Millennials" have been left behind in the USA. The generation after them, "Z", faces very similar problems. I'd be interested in seeing a similar graph for Europe. I suspect it would be broadly similar.