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Half of Millennials Missed Out on a Record Year Thumbnail

Half of Millennials Missed Out on a Record Year

The S&P 500 had a total return of 31.49% in 2019, with the NASDAQ reaching a total return of 36.69%.  Unfortunately, nearly half of the nation's millennials missed out on the best performance in six years.

According to the Los Angeles Times, in the last two years, an average of 49% of millennials (ages 23 to 38) held stock directly or through mutual funds, exchange-traded funds or retirement plans such as 401(k)s at any given time, according to polling data that Gallup provided at The Times' request.  

High investment minimums, fears from the great recession, increasing debt burdens, and a massive generational wealth gap have created significant barriers for millennial investors.  These factors have kept many millennials from the 11-year bull market, which could have long-lasting consequences for lifetime wealth accumulation. 

Many new investors might want to plunge into the market for fear of missing out.  Others might stay on the sidelines, fearing we've reached a peak in the market.  One technique for investing without being afraid of entering at the top is to use dollar-cost averaging: buying the same dollar value of a portfolio at regular intervals, on an ongoing basis, regardless of where the market stands. This technique averages out the costs over time and provides investors with a way to step into investing.

Our value-oriented philosophy and your personalized portfolio determine every investment decision we make. By following a disciplined, research-based approach, we can help you build a diversified portfolio of high-quality, attractively-valued companies that — over the long-term — has the potential to provide positive returns with lower risk. 

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