From one millennial to another: You're probably buying the wrong stocks because of a broken process to finding great stocks.
You've probably heard through the years from wise old hands to buy stocks of companies you can see, touch or smell. No further research needed, just buy the stocks because you use the products and others probably do, too. If you bought Tesla's (TSLA) - Get Report stock in September 2017 based on that premise, you would be down 13% on your investment as of today thanks to missed Model 3 production goals and cash flow concerns.
Bought Facebook's (FB) - Get Report stock in early February because you use the service all the time? You're down about 8% right now at the hands of the fallout from the Cambridge Analytica scandal. Saw an innovative new light-bulb from General Electric (GE) - Get Report in a home improvement store last year? GE's stock has crashed 55% over the past year as financial results have been terrible.
The point here: There is way more that needs to be done to invest successfully. TheStreet is here to help.
All the Details
- Samantha Azzarello, global markets strategist at JPMorgan Asset Management
- Andres Garcia, CEO of Zoe Financial, marketplace that connects young high earners with top independent financial advisors
- Marielle Schurig, a financial advisor with UBS
- David Bach, founder of AE Wealth Management
The panelists will discuss how to invest in stocks, what sectors to look at and why merely having a 401(k) plan at work isn't enough. For young people, it's hard to think about retirement, an event that's likely 40-50 years away. But making a few changes to your financial plan in your 20s and 30s can literally score you millions of dollar by the time you retire.