A current NBC noted that today nearly 80% of all millennials are no longer investing in the stock market. Likewise, Forbes Magazine observed that only 37% of millennials are even saving for retirement at all.
In several cases, millennials argue that they have no money, lack time, or are too busy attempting to pay off debt to just survive.
With the stock markets reaching record highs since September 2017, can the stock markets help millennials not only survive but prepare for their future and retirement?
Investing During Record Highs
September 2017 saw record highs for the stock market.
Fluctuation of the stock markets are no stranger, but determining the perfect time to invest can be difficult.
Millennials argue that it is not worth investing in markets that are not stable as they are a gamble. However, investment takes a bit of risk and gamble just like not investing and refraining from saving for retirement.
Dave Geibel of Univest Wealth gives some detailed insight as to when and how to invest when the markets are high. Geibel argues that high stock markets are a good opportunity for long-term investments if approached by dollar cost averaging.
At the same time, Geibel warns that new investments require diligence and the need to be systematic from an objective point of view.
It is also important to look at options for investing, such as bonds, U.S. stocks, or foreign stocks.
Changing the World through Investing
Millennials today are incredibly attentive to the world and political issues and more concerned about the way they don’t want to see the world progress. For this reason, millennials strive to change the world as seen in their thousands of blogs, articles, and Facebook posts.
A proven method for changing the world is through the economy by investing in the economy. Investing in the stock market allows for economic growth for all parties involved short term and long term. Millennials who invest can become a part of the very companies that they want to see change.
Investing also allows control to remain with the people rather than those equity investors who are large and privately owned.
Investing gives the ability to provide capital for smaller companies to grow and develop—many of those companies that millennials already invest in by being consumers.
Why Invest Now
It is reported that over 60% of today’s millennials are shunning the traditional male and female roles of marriage and the traditional educational path through higher education. Millennials strive to find innovative ways and be unique.
By investing in the changing stock market, millennials can not only change the world, but they can invest in their future and create the future that they want to see.
- Benjamin Graham, Jason Zweig
- Publisher: Collins Business
- John Roberts
- Publisher: Independently published
- Paperback: 71 pages
- William J. O'Neil
- Publisher: McGraw-Hill Education
Last update on 2019-06-06 / Affiliate links / Images from Amazon Product Advertising API