Credit Card Center Advertiser Disclosure

Valued Member
Posts: 48
Registered: ‎01-08-2017
0 Kudos

Re: Millennials and the stock market

Well that pretty much summarizes everything. Most of us are scrared of the stock market. The 2008 recession happened when I just greaduated high school. It was hard to find a job, and there wasn't much besides college. Even people younger than me would be affected because they saw their parents and other people struggle with finances. I remember hearing about this in my first year econ class. My professor said that his aunts passed away, many years ago, and she was alive during the great depression. When the family was going through her belongings, they found money stuffed under her mattress. She didn't even trust the banks to hold her money even though they were FDIC insured.

Established Contributor
Posts: 608
Registered: ‎01-03-2013
0 Kudos

Re: Millennials and the stock market

my-own-fico wrote:

Why most millennials don’t invest in the stock market









They think these people in Washington are gonna hook them up in retirement lol " oh yes they care about me they will give me my retirement because they love me and care "



This is a comment in the article the OP posted, I agree 100%.

Fico 8 11/8/16
Equifax 836, TransUnion 836 12/30/16 , Experian 842 1/11/17 . AAOA 12 years Oldest 17
No inquires since 2014
All credit reports frozen
Fico 8 Equifax Bankcard 866 12/27/16
Frequent Contributor
Posts: 483
Registered: ‎10-05-2012
0 Kudos

Re: Millennials and the stock market

i agree with someguy, market is expensive based on most valuation metrics , ie PE ratio, enterprise multiple, PB and so on. Also look at chart of stock market capitailzation vs GDP, one of warren buffetts favorite charts. You would sell tomorrow if you saw it.


If you are young and have 20 years plus to go, you can enter now and dollar cost average . If you older, like me , 50 or 55+ might be risky time. But remember, the market can stay over valued for a long time. Also, most millenials saw what the 2008/2009 crash did to their parents.


If you are young and investing via 401k, who cares. Just dollar cost average in every month. I have people 22-30 who are not in our 401k, they don;t even know how it works. I take it upon myself as the CFO of the company to educate them because they are missing out, especially on the company match.


Glad to see people like someguy thinking smartly and about their future.. Keep it up...

Frequent Contributor
Posts: 483
Registered: ‎10-05-2012
0 Kudos

Re: Millennials and the stock market



do what mongstra said. The emergency fund is critical first step. Then dollar cost average into index fund.

Valued Contributor
Posts: 2,070
Registered: ‎01-10-2016
0 Kudos

Re: Millennials and the stock market

I'm considered a millennial, the average income for a full time male millennial is currently 35k, after insurance, federal tax, state tax.. etc there's really not much money left on the table.

That being said 2016 I ended grossing 204k and ended 2015 with 186k, I don't invest in stocks simply cause I like being safe with my money, in my line of business (construction) you never know when things will nosedive, it happened to my dad and if it wasn't for him rigorously saving and selling homes at the right time, I don't know where I'd be (home I live in was gifted from his estate).

I'd only invest in real estate living in SoCal some of my friends have made a killing buying and selling from 2012-2016.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.