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Specifically, they are shunning traditional investments like stocks and bonds in their quest for generating greater wealth.
What Do Millennials Think About Investing, Compared With Older Generations?
The differing attitudes among generations towards the stock market itself is also telling.
Age 21-43
Age 44 and up
Millennial Mistake No.
Millennial Mistake No.
But these types of selective investments can also be expensive and illiquid.
Real estate involves commissions and closing costs and can also be hard to liquidate quickly.
But the consistency of the stock market over the long run has won over most older investors.
This isnt to say that other investments cant outperform the market.
For older generations,no-commission stocks and index fundswith negligible expenses and instant liquidity outweigh more speculative options.
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