80% of Millenials are not investing in the stock market.

Discussion in 'Stock Market' started by MarathonMike, Aug 23, 2018.

  1. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,993
    Thanks Received:
    3,089
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +18,051
    One of the best ones I heard was when a college kid was asked "We celebrated our bicentennial on July 4th 1976. When was our first Independence day? He said "1941".
     
    • Funny Funny x 1
  2. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,993
    Thanks Received:
    3,089
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +18,051
    Exactly. Unless they are all going to hit it big with Bitcoin or their own company their kind of screwed.
     
  3. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,993
    Thanks Received:
    3,089
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +18,051
    "They're kind of screwed not 'their'.
     
    • Funny and Agree!! Funny and Agree!! x 1
  4. Pavel Svinchnik
    Offline

    Pavel Svinchnik Member

    Joined:
    Jan 28, 2018
    Messages:
    37
    Thanks Received:
    5
    Trophy Points:
    11
    Ratings:
    +17
    I'm not surprised; I didn't start investing in stocks until I was about 50. In your early adult years, kids and mortgages tend to eat up most of your earnings so there's little left over to invest.
     
  5. rightwinger
    Offline

    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    166,941
    Thanks Received:
    25,588
    Trophy Points:
    2,190
    Ratings:
    +82,102
    These kids are still socked with student debt
     
    • Agree Agree x 1
    • Funny Funny x 1
  6. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,993
    Thanks Received:
    3,089
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +18,051
    That's part of it, but according to what I've read, the majority of debt carried by Millenials is not student loan debt. It's unfortunate since they are missing out on the greatest components of wealth building the stock market offers. Long term appreciation of good companies and/or compounding of dividend reinvestments.
     
  7. rightwinger
    Offline

    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    166,941
    Thanks Received:
    25,588
    Trophy Points:
    2,190
    Ratings:
    +82,102
    When I was their age....buying a home was my first priority
    Stocks came later, mostly in a 401k

    These kids seem too much in debt to do either
     
    • Agree Agree x 1
    • Funny and Agree!! Funny and Agree!! x 1
  8. pismoe
    Online

    pismoe Gold Member

    Joined:
    May 17, 2014
    Messages:
    28,323
    Thanks Received:
    2,987
    Trophy Points:
    280
    Ratings:
    +12,782
    in the mid 60s i just bought motorcycles and snow machines but when i got my good RailRoad job i bought motorcycles , cars , wooded acreage , guns , farming equipment and built a house , And then when i was about 33 a kindly old gent convinced me to do a 401 and i did . But thats it . My generation came right after the last generation that simply saved money in the bank in CD an similar no risk investments , No big investments for them but many retired on Company Pensions , the same heath insurance and it was much better than nowadays .
    ---------------------------- they also invest in tattoos , ear hole jewelry , nose hole jewelery , disposable diapers for their dirty nosed off spring , belly button jewelery , skate boards and ill fitting sports logo sports suits and front hole grooming products .
     
    • Funny and Agree!! Funny and Agree!! x 1
  9. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    13,722
    Thanks Received:
    1,720
    Trophy Points:
    280
    Ratings:
    +6,488
    Gens Y and Z are in for a shock when Trump runs out of low hanging fruit in his second term. The economy will keep growing as well as wages but a lot slower. Then the need to invest will hit home.
     
  10. rightwinger
    Offline

    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    166,941
    Thanks Received:
    25,588
    Trophy Points:
    2,190
    Ratings:
    +82,102
    Lattes at Starbucks
     

Share This Page