Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Opposite Day

 

Opposite Day

Courtesy of Joshua Brown

This is backwards. It’s also the reason God sent financial advisors into the world.

Unless the bulk of these millennials are on the verge of buying their first home (doubtful), they should have no more than a few months’ salary in cash and very little fixed income exposure.

But they think they’re being prudent by going the other way around. Kids, listen up – a lot of you are going to live to 100. Start investing as though you’d like to have some money left once you get there.

And I don’t really understand what’s going on with that “Alternatives” bucket. Most alternatives are actually an alternative to retirement in my experience. And the lines on my forehead should tell you I have quite a bit of experience in this realm, in the roughest sense imaginable.

I’m not offering any financial advice here, just common sense.

Chart via Bank of America Merrill Lynch


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!