So you finally did it. You overcame your fear and confusion and decided to jump into the world of investing. Maybe it went well, or maybe it was a total fail. Either way, you probably came away with some valuable lessons.
You may be asking yourself, “Was my first stock investment worth it?” Just taking the leap to invest was a commendable first step. About half of all American households don’t invest in the stock market at all, even through retirement accounts. Young people seem especially frightened of investing, with just 37% of Americans below the age of 35 owning stock.
Millennials might be afraid to put their money in the market because they lived through the Great Recession or they may be more focused on immediate needs, given rising student debt and housing costs.Read more