What: Bull market will continue for another decade.
When: Monday November 13, 2017
Why: Millennials will need to invest in equities in order to fund retirement due to low wages and high debt levels.
I think that this is simply another talking head on CNBC. He could be spot on but more than likely he will be wrong on his prediction. Regardless I am guilty of paying attention at times to the news. Personally I enjoy staying up to date with the markets. Overall I think this has virtually no effect on anyone’s returns. For me it is more of a personal choice to keep up to date with what is going on in the business world.
As for the headline of this story in particular I think the reasoning is a bit of a reach for why a bull market will continue. Every generation has a need to invest in equities to fund retirement and millennials are no different. My call is that millennials turn out to be very similar to other generations and lead a traditional lifestyle as they get older that matches those of their parents. With the millennial generation I think everything is just pushed back as they wait to take the “big steps” that life brings. The biggest piece of the investing puzzle for this generation will come when the massive wealth transfer happens.
The reason I picked this story for the Monday Market article is that I think it is important to address how you take in the media. Most of us are guilty of reading finance columns if you are a serious investor. I think it is entertaining and enjoy hearing about what others think. However, I make sure that I never act on any information from something I hear on TV or from an article I read. My take away would be to always ensure you take the time to do your own home work before making any investment and ignore the noise.
What Are Your Thoughts?
- Do you believe this bull market will continue to rage?
- How do you tune out the noise of various predictions on Wall Street?
- What sources do you read when looking for articles about the financial markets?