I’m a millennial. 9/11, financial crisis and now COVID-19 pandemic. Not so lucky. But there’s money to be made. Buy stocks when they’re cheap and sell when they’re expensive.
I have millennial kids and they are doing at least ok financially; some are thriving.
But we raised them with a conservative Christian world view and we all take care of each other
Better growing up in the Depression? First or Second WW? Spanish flu? Viet Nam? All with the draft in place.
Stagflation in the 70s? Yeah, after Reagan and Volker got things under control we had a rare good period from the mid-80s to the late 90s, not unlike relatively the 50s to mid-60s.
But second golden era of the last century is when Millennials were getting coddled with more wealth and luxury and indulgence than any generation of humanity has ever known.
Mediocre educations and mass indoctrination in a degraded culture wasn’t too helpful, but as been pointed out above Millennials were in smaller families with larger inheritances coming, by far, than any generation before them.
Not having much to lose in the current environment might not be so bad for them, as we’ll look to them/you to pick up the pieces and build our country back up after this.
Given that you’re posting here on FR I take it you have the work ethic and initiative to do well while enjoying renewed purpose through the rebuilding.
Very smart move!
If I may ask, where did you learn about equities, and the procedures of investing in them? Was this through schools or did you seek out the info on your own?
I would hope that most schools still offer some basic economic education, and not only as electives.