Tag Archives: Generation Y

Investing and the Millennial Generation

Hello to all you Generation Y’ers out there interested in investing!

This blog is designed to help those out there within the Y Generation to either get over the proverbial hump and begin investing and/or receive help in modifying your investments to help you make the most of the time that your money is sitting in an investment account rather than in your wallet. After-all, most of us would prefer to not part with this money every paycheck and would rather use it for any and all discretionary spending situations that we could create TODAY. So since we’re making the long-term sacrifice to part with it, we might as well make sure it is being utilized as efficiently as possible to yield us the best long-term performance, right? So let’s figure out if you’re in the right place–if you’ve ever asked yourself any of the following questions, you’re in the right spot to receive help:

  1. “Does my retirement account (401(k), IRA, etc) have the right type of mutual funds driving it to succeed?”
  2. “Which mutual funds are quality ones and which ones flat-out stink?”
  3. “How would I change the diversification of my retirement account if I wanted to? Who would I even contact?”
  4. “Is this stuff worth worrying about? I’d honestly rather turn a blind-eye to it. As long as I’m investing, I’m winning, right?”
  5. “What is a 401(k), Roth IRA, Traditional IRA, Mutual Fund, diversification, portfolio, and how does this or should this pertain to me?”
  6. “I can just wait a few more years to start allotting income toward a retirement account and be just fine, right?”

Again, if you’ve asked yourself these questions or questions similar to these, you’ve landed at the right place for a helpful resource.

One more thing to clarify from the beginning: This blog is deigned to help those within the Millennial Generation. You’re also known as Echo Boomers and as I used above, Generation Y. So why did I choose to focus on those born between roughly 1978-1995? Because I have noticed that there is not one authoritative source on the internet or elsewhere providing help specifically to this age group; and I know this because I’m one of you and no one has offered to help. It’s as if the marketing gurus for all the major investing firms have decided to pounce on us once we reach 45 and have made all of our money already. Well I’m here to help you, you young career person! If you’re not even close to fitting within the bounds of Gen. Y in age, don’t fret. Please read and learn what you can from me, but be aware that much of the advice is age-specific in this blog.

First, a little about myself: My name is Andrew Howerton. I’m 26, married to the woman of my dreams, and we have a 6-month old boy who brings incredible joy to us. I’m from very very small-town USA (a small MO town actually with a pop. less than 400), I live in Ft. Worth, TX now, I love sports (baseball mainly-go Royals!), and I graduated from College of the Ozarks with a degree in business with an economics emphasis. I must say though, my Investing course was my favorite of them all and if an investing degree was offered at the college, I would have been the first to sign-up. My first job was nearly as a financial adviser after being offered the position, but I decided to go a different route since at the time of my graduation the economy had absolutely tanked and the stock market was trying to find some form of a pulse. So with more investing knowledge under my belt and with more Millennials active and excited about the future of investing, the time now seems right to provide advice in this arena.

My boy and me after a recent Royals' win.
My boy and me after a recent Royals’ win.

Oh, and congratulations by-the-way! I say that because you are either currently investing or are considering investing, and that’s not as common as you might think. Of those working full-time and between the ages of 21-64, only 54% are utilizing a retirement account or pension according to the EBRI (Employee Benefit Research Institute). And it’s extremely likely this number is lower among us Echo Boomers than the rest as investing awareness increases with age.

So where’s the specific advice? Stay tuned, in my first post I just wanted to introduce you to myself, who I’m trying to help, and let you know that this blog will help you both become a more knowledgeable investor and reach your investing goals if you follow my advice. After all, does anyone really care more about your money than you?

Until next time,

Andrew