It has been ten years since the collapse of Bear Stearns
Let’s try to understand the psyche of these sub-thirty Millennials: are they more risk-seeking?
The initial research found Millennials will need to invest more than previous generations. The debt burden has only grown in the US: 41% of Americans have student loans outstanding, while c70% have less than $1,000 in savings.
This matters: Millennials want to pick stocks.
One theme was clear: every candidate spoke about investing in cryptocurrencies.
The level of understanding was mixed, but the hype was real.
If cryptocurrencies are the bar, Millennials are a far more risk-seeking bunch.
The average investor is 29, has a salary of $45,000 and makes weekly investments of $23
Knowing 85% of Millennial women do not invest, he was impressed to hear Stash has a 60/40 male/female split.
So where are Millennials putting their funds at Stash? Some of the most popular funds include ‘Blue Chips’, ‘Roll with Buffett’ and ‘Delicious Dividends’.
The Millennial generation is more interested in investment and equity markets than he would have expected
The fact so many are participating in the cryptocurrency craze is the best evidence they are risk-seeking.
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I find the 85% number quite interesting. Maybe women don't find risk taking appealing in any way?
I would argue that many of them have no choice but to invest. Nobody wants to work at Starbucks to pay off those ridiculous student loans.
Indeed, most of them are willing to take more risk to be "fine" later on, even if most will lose their investment.
This is really a good point: there's user need (small amount investment) to be fulfilled, while lack of financial product in traditional way. Cryptocurrency could be the one to take that market.
Well done, great work!
Interesting information from you
Thanks for sharing
Good post. Proves not all Millennials are stupid and lazy. The people who created the economic messes stole from the future generations. Younger people are not fooled by this. ;)
Exactly. We do not expect the same thing as our elders.
I don't think millenials are more risk seeking. They have just happened to take notice of something new that made a lot of people money very quickly. Of course they have their eyes on cryptos. At the end of the day I think history will repeat itself and the majority of humans will continue to investing and use their money the way they always have.
We will see, it depends if cryptos can show that it is as easy and "secure" to invest in as in Traditional Finance.
i think crypto + exchanges fulfil those needs perfectly - low fees, you can put there little by little, it is gambling a bit.
great stuff :)
Thank you mate, I am glad you liked it.
Take care.
Honestly I don't have fiat currency savings and my bank account is just to receive my salary. All of my savings are in the form of cryptocurrency.
Okay, I am not to that level yet, maybe I should bdo the same.
Okay, I am not to that level yet, maybe I should do the same.
Smart investors follow trends and not traditions. That what I think and it seems we will see a lot of changes with investment system in the future.
Amen, I might steal your quote !
good postings, accurate information,
is it doing business dollar .....?
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