Hope you guys enjoy today’s guest post from my friend, Adam! Let us know what you think!
Millennials don’t invest that much.
Well, at least not that often. Millennials ignore the stock market to the extent that there are numerous articles online about why they don’t invest. Usually it’s a combination of factors: unstable income, too much debt, not enough understanding of how trading works, etc.
Really, it all makes perfect sense! You don’t need to hear for the 4,000th time that millennials are having a hard time finding jobs and are graduating with crippling college (or even graduate school) debt. Why would people in our generation put what money we do have into investments, particularly when we’ve lived through devastating market crashes that had our parents staying up at night grinding their teeth into powder?
Well, I can’t completely answer those questions. It’s hard to blame a member of the millennial generation for avoiding, or even distrusting, the stock market. That said, it’s a fundamental truth that investment can grow your finances over time, and most financial experts would advise looking into it. So for those who may be interested, I wanted to post a few beginner investor tips specifically for this generation.