Millennial Money: How Young Investors Can Build a Fortune

Portfolio manager O’Shaughnessy looks at the unique opportunities available to the millennial generation—those born between 1980 and 2000. First, he strongly advocates that millennials invest as high a percentage of their income as possible “in the global stock market rather than ‘low-risk’ alternatives like cash or bonds.” According to the author, investing in equities enables investors to share in “business growth around the world.” Viewing investment as a form of financial protection from future risks, he argues that to do it successfully, you must often make counterintuitive decisions. He identifies three common mistakes investors make: favoring their native country’s companies; settling for a market-matching return; and letting emotions cloud judgment. He also offers strategies that can serve as an investing framework and examines the power of delayed gratification, risk, and what it takes to gain an edge. O’Shaughnessy provides sound advice that will give millennials the advantages they need to improve their financial future. [em]Agent: Wesley W. Neff, Leigh Bureau. (Oct.) [/em]