Millennial investors have been called many things, from risk-happy speculators to overly cautious skeptics. But if you look past the stereotypes, a more interesting picture emerges: Millennials are redefining investing in ways that all generations can learn from.
This is a generation that came of age during extraordinary economic whiplash. "Millennials lived through both the dot-com bust and global financial crisis during their formative years," says Teresa Greenip, senior manager in Wealth Management at Aspiriant. "Many witnessed widespread economic disruption, bank failures, mass layoffs and tumbling retirement and investment account balances firsthand … while they were just starting to invest."