Excellent points. Unfortunately too, a lot of research has illustrated that millennials are much more likely to want to hold cash than stocks because of how they feel about the 2008 crisis. Cash is a lot easier to spend even if your intention is to save it. The stock market can be done so easily through passive indexing that it makes me sad knowing less people want to get involved with it because they feel they must be wealthy to participate. We are definitely in for a rough ride moving forward.
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Passive Indexing just isn't really known amongst non-financey people. If I asked all my friends on Facebook, I'd expect only a couple of accurate answers.
That's an excellent point... I'm way more into saving and not-spending because we had a recession as I was finishing high school, and by the time I finished uni, only the lucky few were actually getting the jobs they wanted.
Millennials haven't had a recession in Australia (the GFC didn't affect us, China kept buying all our stuff) so they've never been scared they won't have any money in the future... without that fear... why invest... retirement is so far away.
Rough ride indeed.
I'm not so sure what's more intuitive ;)
https://www.zerohedge.com/news/2017-01-23/myth-passive-indexing-revolution