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Gen Z Has Already Given Up On Investing
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- Опубліковано 12 сер 2024
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I am not a professional investor and have never claimed to be. I'm an amateur investor sharing my experience of what I've learned, where I have had success, and where I've had failures. I share my thoughts on investing and performance with transparency. My approach and goal to investing is to buy high-quality long-term investments in world-class businesses that I call "compounders". I view my investments as businesses, not as stocks. Before creating content on UA-cam full time I worked as a senior-level programmer for 8 years. Over the years as a programmer, I compounded my knowledge of development. I take the same iterative learning approach to my study of investing. I study investing as a craft in the continual pursuit of being better. I will make mistakes in investment decisions from time to time. Results are not guaranteed. Please do not blindly follow me into any investments, and make sure your portfolio and investments are built around your specific income, risk tolerance, personality, timeline, and overall circumstances.
I am a part of Gen Z and I personally love investing and it is my passion now. It is sad to see the rest of my generation not share this passion.
Same
I love hearing this! I come across too many disenchanted Gen Z's.
Its sad that we need to invest to live a half decent life..
as an investor your gratesat asset is not money or market knowlage but time. You simply got more time to compound,
I'm gen z and I love investing!
A janitor in my middle school as a kid could raise a family and have a modest home. Times have really changed.
Nah. Only priorities changed. A janitor can still support a family just as always. But not with a brand new luxury car, $200 cable/streaming bill, $200 phone bill, door dash, endless Amazon purchases, etc. Things that were once considered luxuries are now considered 'necessities'.
I'm not down on GenZ. They will likely be living and working 10 years longer than prior generations. If they want to wait until they're 30 to take life seriously, I think that's a reasonable plan.
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.
Yep great question and that’s always the one - where would you rather be if you have an option. Personally I’m always invested aside from a small emergency fund. Financial-market for me seem the only way forward with my long time horizon (accrued almost $1.4m in gains since 2020 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe! . Just know the risk you're comfortable with . Mistake is expensive
very informative, one option I suppose is, if you were to invest a set amount buy the whole share in a ETF and the remainder could go into a index for which would allow you to purchase the fractional shares, is that an option?
well a million in profit is a nice milestone, how did you achieve that? I guess you have a proven trading strategy that you've spent a lot on please share more info !! and YES I dont want to make
Lol, I began with an Advisor by name Camille Anne Hector. She’s sec verified and an ISDA member. Her approach is transparent allowing total ownership and control over my portfolio and fees are very reasonable in comparison with my ROI.
Found her website easily it was like the frist thing that came up when I searched on her name and also her mail address I will surely touch bases with her to see what's the best step for me to take rn. THANK YOU.
I'm always quite skeptical of these media reports about generational differences, the media has been exaggerating and over-generalising generational differences since time immemorial, and it does seem to like focusing on the current youngest adult generation.
I think it’s not at all surprising for Gen Z not to be as worried about retirement. Look at our world today. There have always been wars and financial crises but one thing they are having to deal with that previous generations didn’t is the real and tangible climate change that is advancing quicker than anybody thought. Add to that the random mass shootings and then a global pandemic and I can totally see how younger people could feel like they have no future at all. I’m older Gen X and remember being very afraid of nuclear annihilation as a child because all over TV was talk of the Cold War with Russia and at school you were being taught to hide under your desks if a nuclear attack occurred (this one still cracks me up, like a desk was going to do anything). The difference was at least I could see signs that the older people in charge were trying to do something about alleviating the nuclear threat and the intense threat seemed to lessen a bit as I got older. Right now with climate change and gun violence, it appears that too large a swath of the older generations are doing nothing. So, from the vantage point of a younger person today, I can totally see how you might come to the conclusion that if a long life on this planet may not even materialize then why spend the years you have grinding away at a job you hate or saving lots of money for later when you’re not even convinced there will be a later. I love how Gen Z is active in trying to turn things around but it’s frustrating when you’re not the ones in power who can really do something about it and too many of the ones in power want to stick their heads in the sand for what? Money, profits and power. Makes sense they might want to turn away from exactly those things. I think if Gen Z saw some evidence the older generations were getting themselves together to ensure a decent future for humans on earth their attitudes about saving and hustling at a job might change. Until then, there attitudes make total sense.
Lol.
I think you’re missing the root cause of these issues. Gen Z is lacking hope. They see how unaffordable a house is and just give up trying to save for one. We see the same thing in places like Hong Kong, and many HCOL areas. Why do people think gambling has been so popular
My first job was at a large firm, and my lunch buddies were older than me by 7-15 years. As far as I was concerned, I didn’t make enough money to contribute to my 401k. That group patiently explained, encouraged, pushed, and prodded me to max out my contribution no matter how small. I finally followed their advice at age 23. What a difference a decade makes (compounding is miraculous). I wish Gen Z had a group like mine encouraging them to invest, even if it’s just $100 a month. Time and consistency is what builds wealth.
Who has 100 bucks to spare?
Hello sir! I am a teenager from an easter country in Europe and I can proudly say I have saved and invested over 300$ which with a huge amount considering my country. But at the same time I am surprised that people my age never care about saving money or anything relying finance. The situation here is even worse than in the USA...
Without Health you can't do anything, Without Finance you can't afford necessities for survival or get ahead, Without Relationships life would just be boring
Joseph, i applaud your outreach to this younger generation!! Thank you! You have a bright future, and i enjoy watching it unfold.
My immediate family represents Gen X (myself/bride), Gen Y (Child #1), and Gen Z (Child #2). Because of what we've learned and believe in, both kids are heavy into investing. Statistically, both are tops in their generation when it comes to financial wealth.
Love your acknowledgment that a stay at home motherhood plan is a valid and fulfilling way for a woman to live her life. My children were so blessed to have her home. I find it offensive that people in society today sometimes look down on women who feel being a home maker is their best life. I honor my wife and am grateful for her dedication. I look at our emotionally healthy married daughters and have nothing but praise for the investment that my wife made in their lives. Talking about compound investing.... Nothing pays bigger dividends than moms investing in their children's lives.
I'm not sure this stats is meaningful. Is it comparing Gen Z now vs Millennials when they where Gen Z's age or simply comparing different people in different age brackets? If it's the latter then it comes with no surprise.
Gen z: my retirement plan is to die young.
Great video and recommendations for Gen Z.
I disagree with your opinion on hustling. Everyone who fully understands the power of compounding interest knows that this is the right thing to do...
Every $ that you earn more or spend less in your 20s, is worth 2$ in your 30s, 4$ in your 40s, 8$ in your 50s, 16$ in your 60s, 32$ in your 70s, and so on...
THANK YOU VERY MUCH FOR THIS VIDEO, I shared with all my kids...I enjoy you financial analysis but this is GREAT...we area family group on the 4th generation and this helps a lot to sort the next hurdles to continue increasing our patrimony.
You've made many great episodes from your main and here, so far this is my favorite episode! Something about financial literacy to action speaks to my internal frustrations why my friends and family always talk about finance in a negative light never in a positive light.
I was actually a bit underwhelmed with this video, surprisingly. I was gonna make some snarky, sarcastic remarks but figured that would do no good. I was really taken back by you equating FIRE with hustle culture. FIRE is just about attaining financial independence and retiring early. By the end of the video, it’s almost like the points you’re making about financial well-being are points for why someone should learn about FIRE, because they’re almost one and the same to me. As a matter of fact, FIRE was what led me to your channel. Instead of frivolously spending money on things I didn’t need, I wanted to focus on my “financial well-being”, have more control over my life, F-you money, and less anxiety- all points you made. So I learned about investing.
I think of the hustle culture as the idea of working 60 hour weeks, doing a side gig, learning about LLCs, getting into Amazon drop shipping and reading texts on audible, etc. 😅
I am surprised though that now millennials are thought of as hard working, because since I was in middle school I remember my generation already being labeled as entitled and lazy, especially around the 2013-2018 era. Wild how that seems to have flipped.
Could you go over equifax and experian monopoly companies which are down more than 35%?
Arizona Ice Tea can is 99 cents fighting inflation.
Joseph, I’m proud to say I’m an anomaly to this survey. I started investing last year and as a Gen-Z, my goal is to strive now so as to lead a fruitful life down the line. I see a lot of my peers do the opposite and it’s sad to see. Some are already jealous of my lifestyle due to my early start.
I think the '20 Boom to '22 Bust contributed a lot to this. I took great losses during the '08 crisis (as everyone did) and was so mentally hurt after that I threw new investment money into CDs... that earned crumbs - and this was my investing prime. It was actually the best finance lesson I ever learned. Eventually the markets recovered along with my losses... but I missed out on so much more returns by putting new money into 'safety' when I had decades before I needed to touch it. That's why I didn't lose my mind in the '22 bust and found it an opportunity to grab great deals. Hopefully this is the similar case for these Gen Z-ers... a temporary 'pause' in their future nest egg.
Every time the market goes up i have that natural happy feeling, but then think, "Oh, but now my favorite stocks cost more..."
we're still actively headed into a recession right? Its not over.
I fully agree with your thoughts here. It is something that I ponder frequently. I am a boomer who started investing in my 20s and now live a life that many are envious of. (I was accused of bragging, so I won't go into any detail here.) I want so much to get Millennials, and Gen. Z to invest early, that I wrote a book to help them. I titled it, Lessons from your Rich Uncle; Life Strategies to Help You with your money Unfortunately, I never found a good route to market it and don't have many readers Hopefully you will have better luck getting people to understand the importance of investing early. One small example of the importance. If you start investing, even 6% of your income while in your 20s. When you are ready to retire, you will find that the size of your portfolio was less than 20% the result of your contributions. The vast majority is from compounding. This is NOT true if you start in your 40s. So I urge those, to invest something while you are young. Hopefully Joseph, you will reach them too. (BTW, I did become a Patreon member of your channel too. You are the best YTbr on financial advice focusing on this gen. Please let me know you read this, by giving me some type of response. Later.
Appreciate your input on the topic
Thx 👍👍👍
Can you talk about Enphase? Good opportunity at these prices?
Let's be honest: When Gen Z says "giving back", they likely mean they are sharing a social media post and thinking they made a change in the world.
Yep Gotta help that UA-camr out with your like and share!
Great video Joseph. Very well thought. Simple wisdom that holds true.
Great videos man! Thanks for the videos and knowledge.
Preach! Haha. Love it. To you youngsters out there (I'm 28). He's right! I used to think this stuff was out of my wheelhouse and I would need a moonshot to get out of the situation I was in until I was 23 and my Dad died. The day after that my checking account went into a second overdraft. It took an earthquake to shake me into consciousness and realize no one was gonna save me if I kept going like that. And what I found is I actually LOVE investing. I'm no wiz kid but I can't tell you how much I have benefited from investing. I learned something about how the world ACTUALLY runs and I don't have to sit in a cloud of ignorance anymore. Theres also some self confidence that comes with knowing you have your shit together. Investing pays dividends in life. It's a wonderful thing and if you're watching my man JC here then you're in the right place, congrats
I’m part of gen z and I love investing/ trading. It is almost all I have to talk about cuz my life isn’t that interesting. Most others my age don’t really listen or want to talk about investing
Me too,we are the type of guy that will be rich 😎… someday.
Hi Joseph. Yes indeed you are building a community around finance. Not having a particular cool car and investing money without wanting too take on too much risk is the best advice I have heared on the internet. Hope your lessons get trough to Gen Z. Keep up the good work.
This content is so necessary for the younger generations @Joseph please keep doing this!
As long as the stock market is still there, I will be fine for the future. If I never own a house, so be it.
I remember when I pulled out my M1finance account and asked if any of my friends were investing. Some of them were dumbfounded and really curious. Too bad it was right after the covid rally and they saw stocks decline and were discouraged after that. Hopefully they get on the wagon before its too late.
Thanx for another interesting episode.
I was born in 1998 (25y/o) and I firmly believe in the American dream for myself. Internet and media spread negativity among youth.
no bro I do invest
SBF was also keen on "giving back" but he was not a Gen Z, it was all branding and he kept a lot for himself.
Much appreciate this video 👍👏
Actually things never change even your grandparents in their 20s wanted to live in the now and didn't think about retirement
Hi Joseph!
It is not related to this video but I would like you to comment something I have noticed doing my stock reserch and it is difference in data on various financial sites regarding companies data. I know you have qualtrum and I still did not try it but which site you consider most accurate and reliable or to ask differently from which one you pull your data from.
You do great job with your channels and they were real discovery for me because today there is too much information and content but not that much quality ones.
Thank you
Use Google it know all
Great episode! There is simply insufficient money management skills taught in both the schools and home. Money is a great servant but bad master. It's important that parents inculcate a healthy sense of how a child go about making and spending money. From young, we taught our kid to divide his savings into 3 pots (a) 50% savings (b) 35% to be spent on himself (c) 15% to be spend on others (birthday gifts, tithe, charity donation etc). In (a), he puts 50% of that money into our country's pension scheme where it compounds at 2.5 - 4% p.a risk free till he turns 55 years old. He is 13 years old and when the school holiday comes around, we will start exposing him what is value based investment.
Great video and very informative!!!!
Great episode. Being a millennial, I can relate to the dial-up days & PC games were all the rage. I found capped access to Internet (can’t use phone) very limiting to my learning and only discovered investing in my late 30s through youtube, podcasts, audio books & traditional book recommendation. I thought Genz Z would have had a leg up and in best position to secure their futures so it’s disappointing to see the survey results. Could it be the that they are shielded from most things with their older generations toiled fruits of labor.
Very interesting report I just think that gen z have their eye on their parents good fortune.It’s also a kick back against the UA-camrs telling them to climb to the top,and a realization that the top is not a great place to be.
Nice gear change in this episode. I would have thought UA-cam channels such as this would have assisted broader society to become more financially educated in a social, more entertaining manner. It is a pity that financial information has never been easier to attain but the direction of younger generation is to ignore this education. It would have been even more interesting if the same study was done with other generations. At 25, I was paying off student loans, paying my first car off. Then marriage, first kid, first home... We could only really get serious about significant retirement planning and saving at 28-30. Maybe Gen-z will still change direction in the coming decade..?
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She's often interacts on Telegrams, using the user-name
A lot has changed and that's on everything but the truth is that i don't even care much about bullish or bearish market because Tammy Strategy got me covered, I am comfortably earning monthly.
Strategy minimizes risk and maximizes profits. Trading with her has been incredible throughout the last few months, and I would recommend her strategy to any one.
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I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more
There's much more than just financial advice in this video. Concrete life advice.
this is just what 18-25 year olds of all generations were like at that age. it's a function of current age rather than generation.
I find this list very interesting. I never saw work/life balance as a thing, since labor is something we do so we don't have to be forced to focus too much on the rest of our life.
My only "relations" are those to my co-workers, so that just becomes included in the "career" part, since co-workers are mostly a means for me to get work done. Not sure if this is a millenial thing or just a me thing
Amazing content
Its an interesting discussion topic, and some trends are definitely common, but I don't think you can use a sample size of less then 800 and extrapolate it to millions of people without some bias in the data
This is the best video you’ve ever made. Love many of your videos but this one was particularly clutch
I was born in 1981. Im the eldest of elder millenials, or "Xennials". I feel like have grown up being taught by the boomer's and X's, but then spent my twenties in the post internet world that is all the Z's and Alphas have ever known. I have kids who are late Z/early Alpha and they have no concept of a world without the internet. So I feel like I got heavily exposed to both worlds. And honestly, I feel for the younger generation. All of the talk of how great the economy is doing really doesnt apply to most of them. The ones who are benefitting from the economic growth are the ones who were already in it. Housing costs are sky-high. Thats great for property owners, its oppressive for someone who is 20 in 2024 just coming into the world. And thats a snapshot of the entire economy. Its only great for those who were already asset and wealth owners.
These kids arent given a chance at a future because their parents and grandparents generations are squeezing them for every hour and every dollar they can. I feel like the way society is supposed to work is that the older generation builds up the younger so that they can have a better life. But thats not what happens now. The older generations are vampires on the younger. They want to siphon the younger dry and spend every penny they can before they die and leave the younger to fend for themselves. Gen Z/Alpha has no money to save, let alone invest. They see climate catastrophy and world war on the horizon. They are told they will never retire, there will be no social security, they have no future. They dont want to have kids at all because whats the point? The younger generation is collectively sui*idal. They develop a YOLO attitude because "eat, drink, and be merry, for tomorrow we die."
Preach It!!!!!!
Interesting to see. The effect is exactly the opposite in my country, Portugal, where these effects are way harcher than in the US.
this was a great video - getting more into the personal finance than pure investing and stock picking
Gen X here, my mom is a baby boomer. According to my mom's stories, the women in the workforce movement really took off in her generation, in part because the prevalent thinking at the time was that women should be dumb, pretty, and good wives/mothers, but also because many of them had moms who worked in factories during WWII, only to lose those jobs when the boys came home. Many of them resented that. This resentment created the feminist movement and the woman boss era that followed.
Fast forward a couple generations and now many women are longing to return to the home, especially once they have kids. Thankfully my job pays enough that my wife can stay home and manage the kids and household.
And yes, she works exponentially harder than me...
We just waiting for the "right time".
Excellent video! So true! If you rank at the 10th position your financial freedom the 9 points before are just wishfull thinking, well said!
Great video Joseph!
Boomers saved in pensions and 401s, and a not insignificant amount of them dont have enough for retirement there isnt really an answer to retirement besides be rich
Always waiting for new videos everyday 🎉
Im in the gen z and it’s my passion investing, maybe it cant be for everyone.
What’s gen z good at?
Fantastic episode! Really crushed it with this one, was cheering and the wife wondered what was happening 😂 🤙🏽🔥
She's too busy taking care of the kids and the home!😖
well wages are a sick joke in this country now, median is like 30-40k I mean I see why
American dream is an immigrant making a name for themselves here in the greatest empire the world has ever known. Transcending socio-economic classes through nothing but your own hard work is still attainable here, and it's absolutely terrifying other countries do not have this. Grateful to be born here and work for it every day.
I've literally had this same convo with a Gen Z, in one ear and out the other is where it went.
It’s amazing to see there’s still people thinking like this. I’m a Gen Z and fill out of place when feeling good for a stay at home mom.
Gen Y (Millenial). My list is completely different.
1) Family relationships
2) Mental well-being
3) physical health
4) Financial health
5) Career
6) Personal growth
7) Work-life balance
8) Ability to pursue passions
9) Romantic relationships
10) Giving back
11) Community or social life
12) Spiritual wellness
Not worth the wait. I wanna enjoy life now when I'm young. 65 is too old. Can't enjoy anything. I doubt I'll even live that long. Besides we'll have social security so no need to save up
Well, I am skeptical of these surveys and articles about any group of people. They are never accurate.
Millennial over here, retirement is overrated, and a thing old people used to do.
Excellent content. I’m probably older than many of your audience and I found over the past few decades that all generations have changed their way of thinking to the positive while getting older. It’s just a matter of time.
Gen Z here. Just a year ago, I wasn't really into investing or saving much until I watched this one investment video out of curiousity, and how I'm here, investing as much as I can. Still grateful the video randomly popped up on my YT
the attitude you speak of is one i am guilty of having... I had a childhood court case paying me every few years once i turned 18... what did i do with those large sums of money? spent them on trips, snowboards, weed, pipes, fast food etc... sure i had a great time but i'm 43 now and and barely have half of what you already have invested and the largest chunk of it came from my parents unfortunate passing about 5 years ago. I'm scrambling now to try and invest what i can so hopefully i might have a chance to retire before i'm 60.
Chin up, man. It's all part of life, part of the journey. You're exactly where you need to be and just keep it going, you still have some time.
Costco is the GOAT, with the hotdog combo staying the same while everything is going up. 😂
Double entry accounting is 700 years old.
Accounting/finance should have been mandatory in high schools since Sputnik.
never miss an opportunity to bring Costco 😀
Kudos to you to speaking on the some pressing issues in today's world!
Give back doesn't mean money. You can give back by helping others with service, time, attention, care, mentoring, coaching, teaching, etc. Sheesh! You really are $$$ focused if you can't think of other ways to give back. Mental well being is based on quality of relationships and spiritual health, not money. Research shows that.
Your interpretation of FIRE is only one way of looking at it. You call it missing out on experiences. I would call it realising what is actually important in life, and it isn't holidays and fast cars for a lot of people. Spending time with friends and family, spending time in nature and living a simpler, less expensive, more sustainable, more fulfilled life could be another way of looking at it.
Very eye opening survey
I’m a millennial and literally gen z bottom 3 priority is my top 3.
they call it a dream because you have to be asleep to believe it.
The future is uncertain and that's scary. Always has been, always will be.
The priorities list around 14:45 putting Family, physical, and financial help at the bottom and work-life/pursue hobbies at the top shows two truths. 1. This is self centered. What you want for self gratification is most important to Gen Z. What produces overall good in society is last on their list. 2. This is exactly the opposite of what the Bible teaches. The Holy Bible teaches to put God first and put others second. The Satanic bible's first commandment is "Do as though wilt". In other words "Do what you want / what you feel like doing". Put yourself first. Consider what we are being taught....what is marketed to us. It's all about being self centered. The funny thing is, pursuing selfishness actually amounts to unhappy, diastisfied, cranky people. People who are the happiest in life put God first, put family first, put others first.
The problems of gen Z (and partly gen Y) are not unique to the USA. Back 1960 many of "our" grampa's here in germany could afford at least a detached house in the suburb of a metro area, just working as a skilled mechanic at one of your beloved car companies VW, Opel, Daimler, Audi or Porsche. Now even with a masters degree in engineering, its hard to even make 4000€ after taxes (this is considered a pretty high wage. Doctors at a hospital make as this much after ~10 years of work exp). But a semi detached house in one of these soul crushing and steril new housing areas now costs around 700.000 to 1 million € including closing costs. Munich might be higher. Most people of my generation are getting supported by their parents to buy even shitty properties. And thats sad, because we kinda live of the wealth of past generations. So I can totally understand that people have given up hopes to posses a house.
bruh im 23 and that final list doesnt even apply to me, its all backwards😂
As a Gen Z'er, I know people love saying they're gonna invest for "passive income," while in reality it's more like a dream. I say that because a dream can become reality only if there's a plan that you can stick to to achieve it, and most of us don't have the discipline to do so because most people I know abide by saying things like YOLO, and proceed to spend outrageous amounts of money on experiences and other things. I am not saying that it's a bad thing, I also agree that we should enjoy what we earn, but there's always a happy medium.
I'm a millennial and I think you're judging the Genz a bit to harshly. The cost of living is at all time high where I live in Canada with average rent for 1 br for $2000 CAD. Housing cost compares to wages is at all time high right now. It is normal to feel a bit of despair even for an average person, let alone for young people
Agreed, younger people can't afford to focus on experiences or the climate. The hustle culture is still here and either join and work a full time job with side hustles or be broke. It's a different world now.
Because of rising inequality most of gen z simply doesn't have enough money to meaningfully invest
I’ve worked in finance for the past decade and surprisingly you now find Gen Z are the most interested and curious about stock market investing, whereas millennials are gung ho on real estate.
You forgot the middle ground between "girl boss" and "stay at home mom". It's great to have work/personal life balance by having a rewarding job that doesn't demand all your time so that plenty of time is left for family, friends, wellness, creativity, innovation, charitable service, education, personal growth, hobbies, spirituality, etc. The youngers are right to question how we got conned into the situation where we give more than 1/2 of our waking lives to jobs. And it is more than half when you factor in hours at work, hours in transport to work, car maintenance, captive lunch hours, hours prepping special lunches, buying and laundering special outfits, having hair done to "look professional", etc.
World of Warcraft subscribtion is same way like hot dogs from Costco. Monthly Sub price is the same since 2004 game release like $12.
Gen Z voted themselves into this situation.
8:50 no, one is important, and the other will mean nothing at the end.
Well i remeber being 18-25 years old and i didnt talk about or really even think about finances until i got a bit older. Im sure once they get better jobs, etc theyll get more comfortable talking abo8t it.
brave video