10 Things + Generational Showdown
Generational wealth building, 8% mortgage, DCA, simplify your finances, and the best grilling item of 2024
Sunday Money
July 10, 2024
In a generational showdown, a Bank of America survey revealed that younger wealthy investors are ditching traditional stocks and bonds faster than a teenager ghosting their high school crush. These young moguls are all about alternative assets, with a whopping 93% planning to allocate more in the coming years. Cryptocurrencies and physical gold are their new BFFs, while older investors stick to their tried-and-true strategies, sipping tea and watching their stocks and bonds. The young guns have seen too many market crashes to trust the old playbook, hence their adventurous shift.
It's like the classic tale of the tortoise and the hare—except this time, the hare is into crypto and the tortoise is stockpiling bonds. Despite a roaring stock market in 2024, younger investors remain skeptical, with 70% believing the old mix won't yield above-average returns. They’re scarred by past crashes and convinced that a cocktail of assets is the way to go. Meanwhile, older investors, unshaken, continue to believe in the power of traditional investments, proving once again that you can't teach an old dog new tricks—or can you?
What side are you on? Team stocks & bonds OR alt assets?
10 Things 👇️
Sorry, there’s no magic number for retirement
Why this couple is OK with an 8% mortgage rate
5 turning points in an entrepreneurial journey
Simplify your finances. 7 things to quit
Speaking of simple…. check out Rich in Minimalism
17 simple ways to improve your mental health
The hottest grill item of 2024
Join this no fluff & incredibly powerful Crash Course on AI (worth $399) for FREE!
It makes you a master of 20+ AI tools that you can use in your business & you learn hacks & techniques to 10x your growth
This crash course has been taken by 1 Million people across the globe, who have been able to:
Build businesses that make $10,000 by just using AI tools
Optimize portfolio returns and stay ahead of market using AI
Make quick & smarter decisions using AI-led data insights
Write emails, content & more in seconds using AI
Solve complex problems, research 10x faster & save 16+ hours every week
You’ll wish you knew about this FREE Crash Course sooner 😉
PS – You all know I am a newsletter junkie. I write ‘em, I read ‘em, and I invest in them. Some days, I barely make it out of my own inbox. One of my favorites is On the Fly by my friend Dan Healy. Check it out 👇️
|
