Why Young Investors Shouldn’t Want Stocks To Rise
Last week, I attended a teacher’s conference in Orlando, Florida.
They asked me to speak about saving and investing. Many of the teachers were young. We talked about issues faced by all young people–not just teachers.
College costs, once reasonable, are now priced through the roof. Student loans hurt. Defined benefit pensions, once robust, are melting faster than polar ice caps. Home prices, in much of the country, are completely out of reach for new homebuyers.
“At least my investments are rising,” said a young teacher at the conference.
Most young investors want to see their investments rise right away. Here’s why they shouldn’t.
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