It’s official: the Millennials have started investing. But recent reports are showing they’re very different from their Boomer parents when it comes to the types of investments in their portfolios. In fact, Millennials are being labelled the most risk-averse generation since World War II.
That’s not all surprising considering Millennials experienced two massive stock plunges over their formative years. But on the other hand, they’ve also seen two massive booms.
So why isn’t it cool to own stocks? Here’s a great article examining the issue:
If you know a Millennial in need of some good financial advice, please be in touch.
Ben Kizemchuk is a Portfolio Manager & Investment Advisor with Altus Securities Inc. in Toronto. He offers financial planning and investment management for high net worth Canadian investors. Ben focuses on high quality investments, the Growth and Income Portfolios, low risk investing, and reducing tax.