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I’m in the process of re-reading The Intelligent Investor and found some words of wisdom from Ben Graham to young investors. In his chapter entitled, “The Defensive Investor and Common Stocks” Graham states… Let us not ignore human nature at this point. Finance has a fascination for many bright young people with limited means. They would [...] Here’s a pretty bogus article from marketwatch that says, “Impatience and financial illiteracy” “Could stunt a good retirement for young adults”. The article is full of broad-based hogwash such as… “Almost half — 47% — of Americans born between 1977 and 1994, also known as Generation Y, are below average when it comes to financial literacy, with [...] I was reading a forum totally unrelated to investing today (Cigar Aficionado if you must know), and someone posted the joke below. I just thought it was funny considering all the politicians blurting out how many billions are needed for this bailout… and that stimulus plan… and that bridge to nowhere… well, you get the [...] Over the past year or two the popularity of leveraged ETF’s has increased tremendously. These ETF’s seek to double or triple the returns on various stock indexes. Leveraged ETFs function by using financial derivatives, such as options, swaps, and index futures to magnify the returns on a particular basket of stocks. (Sometimes leveraged ETF’s will [...] The News President-elect Barack Obama announced today that his economic stimulus package could include up to $300 billion in tax cuts. The announcement came as a pleasant surprise to some Republican lawmakers, who previously thought the stimulus would consist mainly of infrastructure investments. Many believe this was a smart political move by Obama, since most Republicans [...]
”Never invest in any idea you can’t illustrate with a crayon.” -Peter [...] |
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Gen Y Investors View Investing As Fun
Apparently the majority of 20-something investors view the process of investing as fun. This is quite an interesting finding seeing as though we just lived through one of the biggest market busts in history.
Kimberly Palmer of the U.S. News & World Report writes: Gen Y: Investing Is Fun, Not Scary
“Online brokerage company Scottrade is out with some surprising findings [...]