FYI: Meet the generation of investors who haven’t known a bear market.
The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 – the classic definition of a bear market. Such a decline has historically happened on average every four or five years.
That’s nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security’s finances weaken.
Regards,
Ted
http://www.spokesman.com/stories/2018/aug/22/for-many-young-investors-the-stock-markets-only-go/
