THE MILLENNIAL INVESTOR
do invest tend to rely on investing apps like Stash or Robinhood and follow the advice of finance-focused social media influencers instead of listening to paid experts. But, say what you will about the old ways, human investment advisers are quick to return a phone call... Allan Roth, one such adviser, groans at the thought of so large a segment of wealthy Americans wary of investing. “They’ll avoid volatility and maximize risk – because if you put your savings in cash, you’re going to lose to taxes and inflation year after year, after year after year after year,” says Roth, founder of the investment advisory firm Wealth Logic. Millennials who know, intellectually, that Roth is right feel no less nervous about the prospect. Likewise, an experienced investor knows he should buy more to rebalance when stocks fall 50% – but he’s still going to balk
Besides conditioning yourself to take the
hits and wait it out, nervous millennial investors might do well to avoid peering into their accounts at all for a while.
34
June 2020
Made with FlippingBook Publishing Software