Comments on: Top Mistakes Millennials Make When Investing

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 14 May 2015 16:22:22 +0000

brokeandbeau Yeah it’s really interesting how that works. I think debt plays into it as well. If you have your assets in cash and you hit a rough patch you will still be able to pay it off, versus if you have your assets in stocks where you might be forced to sell (or even worse, in retirement accounts that you can’t withdraw from).

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 14 May 2015 16:20:55 +0000

Eyesonthedollar Yeah millennials have seen some extreme ups and downs in the market, so it’s hard to blame hem for being conservative. At the same time if you are able to invest long-term those bubbles become less important.

By: brokeandbeau

brokeandbeau — Thu, 14 May 2015 12:26:50 +0000

I see all these studies saying millennials are optimistic about their retirement prospects, meanwhile they’re holding practically everything in cash!

By: Eyesonthedollar

Eyesonthedollar — Thu, 14 May 2015 03:25:54 +0000

If I was 25, I would have 100% in stocks. I am amazed that millennials are so afraid of the stock market. I guess investing early is more important that allocation, but if I could go back, I would use the beauty of compound interest and take advantage of downturns more than I did.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 14 May 2015 02:24:39 +0000

SimplySave Mistakes happen and we learn from them. But it definitely pays to get some exposure as early as you can. I don’t really “miss” the portion of my paycheck that goes towards my 401k. I think the sooner you get used to it the better!

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 14 May 2015 02:23:42 +0000

ferventfinance Good to hear! I also try to convey this point to friends, but some of them are in different spots. Honestly if you can just convince a few people to start saving AT ALL for retirement you are doing them a huge favor.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 14 May 2015 02:22:51 +0000

blonde_finance Great insight, Shannon. I think having too much money in your bank account really is a GOOD ‘problem’ to have, but if you have enough cash you really want to start getting exposure to the stock market as soon as possible.