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Wealth Professional | 11 Dec 2015, 08:15 AM Agree 0
New data points to a generation lacking the confidence and knowledge to tackle their financial matters
  • Fraser McDowell CFP | 11 Dec 2015, 02:57 PM Agree 0
    The disturbing part is that only 21% say they find it difficult to time the market. Should we assume then that almost 80% of "20 somethings" feel they CAN time the market?
  • Ken MacCoy, CHS | 11 Dec 2015, 10:54 PM Agree 0
    The majority of clients, not just millennial clients, need help with their investments.

    Investors need the assistance of a qualified advisor to put in place a long-term investment strategy. But, even then, the returns they want (or expect) are not guaranteed.

    Plus, unless you have a 'crystal ball' you will find it virtually impossible to time the market.

    The best solution: adhere to a long term plan with regular deposits into a diversified portfolio of quality investments.
  • Brad Jardine | 15 Dec 2015, 11:17 AM Agree 0
    Sometimes it's tough to argue certain logic with the Internet generation(s) Had a millennial call to say he wants to do his own research and but his own quality stocks with dividends-for his 41k RSP account-This after a compound rate of return of over 10% for 6 years, including this year -he's up 10%, most markets down. I wished him luck and told him to transfer out the RESP account too. Anyone want to guess what his profession is? It's usually one or the other. Can't fight irrational behavior.
  • Brad Jardine CFP, CLU, CHfC | 16 Dec 2015, 11:09 AM Agree 0
    Change "but" to "buy"
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