Young Investors: Avoid These Common Financial Mistakes

Post on April 24, 2017

The good news for financial advisors is that Millennials for the most part not only understand that they need professional help when it comes to managing their finances, they want it. In fact 70% of Millennials wish they learned basic investing in school, according to research conducted by Corporate Insight.

Sixty-percent of the Millennial investors Corporate Insight surveyed said it was “very” or “extremely important” that their brokerage firm offer education on the basics of investing, compared to 47% of Generation X and 40% of Baby Boomers. These results track with an earlier study of DC plan participants where 47% of Millennials said that access to retirement and investing educational content from their plan provider’s web site was “very” or “extremely important” versus 40% of Generation X and 31% of Baby Boomers.

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