Why Millennials Should Buy Boring Value Stocks, Not Risky Tech Names

Young investors have the advantage of a long time horizon so they should buy beaten-down value stocks as opposed to high multiple growth names, said Patrick O'Shaughnessy, author of 'Millennial Money'. O'Shaughnessy added that millennials may want to look at depressed European stocks or fallen energy companies in the current market environment. He said that millennials are well versed in technology but should still use a financial adviser to help them make sound investing decisions. Finally, O'Shaughnessy said the power of compounding gives millennials a vital money-making edge and they should invest a small percentage of each paycheck despite student loans.