Despite the buzz that everything has changed for the Millennial generation, the path toward creating wealth for retirement looks much like the paths previous generations have followed. Gen-Xers and Baby Boomers built their nest eggs by investing in real estate and the stock market, historically two of the most reliable investment vehicles for Americans. Millennials can do the same.
If you’re thinking long-term, the team at StockHax has a a great infographic that compares the relative benefits of securities and real estate investments. Most families rely on a mix of both, and that portfolio tends to skew toward more conservative positions with age. Take a look!
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This information presents two opportunities for millennials. First, millennials are young enough to take chances with their investments. Younger people tend to be able to absorb more risk, which presents opportunities for savvy investors. Second, both investment vehicles create passive streams of income that can grow into retirement savings and give smart investors the lifestyle flexibility we all crave.
