Knowledge and Investing Styles Vary

A majority (55%) of surveyed investors with $10,000 or more invested in stocks, bonds or mutual funds described themselves as being “listeners” in a Wells Fargo/Gallup poll. Listeners seek out good investment advice and tend to follow it. Nearly a quarter (24%) of surveyed investors rarely look at their investments (“snoozers”), whereas just 10% use…

 

Survey: Millennials Unwilling to Sacrifice Now for Future Financial Security

A new survey from Charles Schwab indicates that an unwillingness by Millennials to sacrifice things that add to their current quality of life, and student debt, are preventing them from saving enough for their retirement. The survey covered 1,000 401 (k) plan participants broken into three generational groups: Millennials (those under age 35), Generation Xers…