2 ms·
"We all got hurt in some way by the GFC." Worth noting that the GFC was one of the best times in history to buy stocks. I'd be in a terrible situation right n
by SyneRyder 11y ago
"We all got hurt in some way by the GFC."
Worth noting that the GFC was one of the best times in history to buy stocks. I'd be in a terrible situation right now if it wasn't for the GFC: I bought some brand name stocks (supermarkets, mining, banking) at huge discounts. One of them more than tripled in price in 5 years and is still throwing off a 20% cash dividend every year.
Don't give up. You never know when a Black Swan event might swing things in a way that benefits you. And Millennials have so much online access to education about stock market trading, E-Trade, online banking, and new things like crowdfunding that just weren't around before. It's not easy for Millennials, but there's a lot of amazing opportunities that other generations would be jealous of.
- kspaans 11y agoNot to mention many indexes completely recovered within a year or two of the GFC.