Millennial Investors: Buy This, Not That

This has been a year that the investment community won't soon forget. We've witnessed incredible lows, with the benchmark S&P 500 losing over a third of its value in under five weeks, and monumental highs, with the index recouping all of its losses to hit fresh new highs in less than five months.

If history has taught us anything, it's that any sizable correction in the stock market is a buying opportunity, as long as you have a long-term mindset. That's because every stock market correction in history has eventually been erased by a bull market rally. The longer your time horizon, the bigger the potential gains. That's why it's so important for millennial investors to put their money to work in the stock market.

But there's a big difference between buying quality stocks and throwing darts. While I'm encouraged to see millennials investing in equities, I'm also worried about the quality of companies that young investors are putting into their portfolios. Rather than piling into a number of popular (yet awful) companies, I'd rather see millennials put their money to work in higher-quality alternative businesses.

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Source Fool.com