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Shifting Priorities: Awakening the Investment Potential of the Millennial Generation
Harnessing the Power of Investments to Shape a Brighter Tomorrow
Dividend Dominator
March 18, 2024
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Welcome to The Profit Zone 👋
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Happy Monday!
Let’s start the week off strong.
The agenda for today:
👉 Rough week for the indexes
👉 Investors are concerned that the Fed won’t lower rates
👉 A message to the stubborn 20 year old who doesn’t think investing is “worth it”
You could have a $1.5M portfolio, wear Walmart jeans, drive a Toyota and nobody would even bat an eye
You could be $300k in debt, drive a Porshe, wear designer clothes and everyone would think you're rich
Materialism is not wealth
— THE DIVIDEND DOMINATOR (@TheAlphaThought)
12:11 PM • Mar 13, 2024
“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.”
- Peter Lynch
Markets YTD
Highlights:
The S&P is down 0.13% on the week
The Dow fell by 0.02%
The Nasdaq dropped 0.7%
February’s producer price index, a measurement of wholesaler inflation, rose more than economists predicted.
This pushed the 10 year treasury up by about 22 basis points causing increased worry among investors that the numbers were too strong for the Fed to lower rates.
Headlines Making Noise: Keeping You Informed and Empowered 📝💡
Finance emails don't have to be boring.
My friend Cade is the author of Chump Change. Each week he sends out a post with one quote, one money lesson, and the best fintwit memes of the week.
In one of his recent pieces “91% Do This Wrong”, he broke down how to turn your HSA into a money printing machine.
If you want a good laugh and high-quality information sent right to your inbox every week, join over 6,500+ readers by clicking below.
Full Steam Ahead…
Shifting Priorities: Awakening the Investment Potential of the Millennial Generation
Hey you!
Yeah… you!
With your head buried in your phone sending memes to your friends faster than a squirrel hyped up on caffeine.
We need to talk about something way more exciting than the latest TikTok trend.
It’s called investing.
And after you’re done reading this, you’re going to be buying up shares like it’s your day job.
Picture this:
You’re cruising through life, living it up on your 20s and 30s.
Not a care in the world.
You feel invincible. Hustling at your job, chasing your dreams and maybe indulging in one too many iced caramel macchiatos along the way.
But there’s one thing you’re not doing as consistently as the rest…
And that’s investing.
You probably think you’re too busy to “start building wealth”, right?
“Let me live, I just want to enjoy my youth while I still can”
Those are a fools words!
Sure the idea of investing might seem as thrilling as watching the grass grow on your old man’s lawn.
And yeah I get it, the financial jargon can sound like a foreign language.
So you let it pass through one ear and out the other.
But it’s time for you to stop binging Netflix and doom scrolling Instagram, grab the bull by the horns and take control of your financial future.
Because nobody is coming to save you.
This is the kick in the ass butt you need.
What if I told you that investing could be the key to unlocking a future so bright, you’ll need a new pair of sunglasses?
In all seriousness, imagine 15 years from now, kicking back on the beach with a margarita in your left hand enjoying the breeze of the ocean running through your hair…
All because you made some smart investment moves in your 20s.
Not convinced? Fine, I’ll break it down in a way that even your 3 year old niece could understand.
Investing is like planting seeds in a garden.
You (the gardener) put in a little bit of effort upfront.
You put down the soil, put the seeds in the ground, give them some water and plenty of sunlight. Then before you know it, they start to blossom all around you.
The best part about being a gardener is that you don’t need to have a degree to plant seeds.
The best part about investing is that you also don’t need to have a degree (or even a lot of money) to start buying shares.
All you need is this:
A smartphone
An internet connection
A little sprinkle of curiosity
And there are so many apps out there that make investing as easy as ordering an XL pepperoni pizza with a side of wings.
Maybe you’re feeling overwhelmed because of your lack of knowledge.
I did too when I first started.
But then I remembered that we live in the Information Age. Where we have access to millions of different sources at the tip of our fingers.
Youtube
Instagram
Twitter (X)
LinkedIn
Instead of doom scrolling yourself into a rabbit hole about how Egyptian pyramids were made, start scrolling the internet looking for information that will benefit your financial future.
So what’s holding you back?
The fear of the unknown? Fear of failure? Fear of losing money?
Investing might be risky. But not investing is even riskier.
Here’s a chart showing why missing the best 5 and 30 days in the market can result in you retiring with far less money.
You wouldn’t go on a road trip without a GPS, so why go through life without a financial plan?
Listen, I know adulting can be hard.
More taxes to avoid pay. More bills to make you cry. More responsibilities to make you tired.
It’s enough to make you want to crawl back into bed and binge watch How I Met Your Mother for the 400th time.
But your future isn’t going to get any better if you’re spending your time with your brain turned off watching Netflix.
So let’s make a pact.
Put down the TV remote just for a minute. I promise it will still be there when you’re done.
Take a leap of faith into the unknown.
Go buy an investing book on Amazon.
Go to Youtube and search “how to start investing”.
Subscribe to other finance newsletters.
Start having conversations about money with your friends.
Who knows? Maybe one day, you’ll look back on this moment and toast to the smartest decision you ever made – besides deciding to upgrade your subscription to premium, of course.
Which will give you the edge you need to transform your financial future into a life most people only dream of living.
Click below.
Resources You Should Check Out:
FinViz - stock screener, insider information and backtesting portfolios
Yahoo Finance - stay up to date with market news
Financial Domination - everything I’ve learned about investing packed into one ebook
My Website - a one-stop shop for all things dividend investing.
Beehiiv - sign up for Beehiiv and start your own newsletter today.
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See you in the next one!
Alex (The Dividend Dominator)
Founder and CEO of Dividend Domination Inc.
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