Could Stocks Go the Way of the Dinosaurs?
It’s not your grandfather’s world anymore.
You don’t need to walk into a Blockbuster to rent a movie. After all, you have hundreds of shows streaming right at home.
You don’t call up your utility companies to pay your bill. Instead, everything is done online. You can even automate your payments.
You also can’t rely on collecting interest from a bank CD. (Well, you can … only if you don’t mind collecting peanuts.)
And soon, traditional buy-and-hold investing could go the way of the dinosaurs.
It’s no secret that crypto is a young person’s market. Check out this breakdown by Stilt.com:
Crypto Buyers by Generation
Here’s the thing: Millennials are making their money in cryptos, not stocks.
Two members of the Winning Investor Daily team are doing just that. But it’s a pattern that goes far beyond us.
According to a CNBC Millionaire Survey, nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies. And a third of them have 50% or more of their wealth in crypto.
The implications are interesting. As millennials and Generation Z come into their peak earning years, both wealth management and finance companies need to evolve to keep up.
According to CNBC: “In the coming years, the key to attracting the next generation of wealthy clients could be more about crypto than traditional stocks, bonds, private equity and hedge funds.”
I think you’d agree that Ian King could have told them that a long time ago.
After all, there’s no other service at Banyan Hill with a position up over 11,000% in just over 10 months’ time. But Ian’s Next Wave Crypto Fortunes does.
And at Winning Investor Daily, we’re always looking for tomorrow’s trends today, whether that means cryptos, driverless cars, artificial intelligence or alternative energy.
Follow along with us here to make sure your portfolio keeps up with the rest of the 21st century.
And if you missed any of last week’s articles, read below to catch up.
Crypto Is Here to Stay
Airbnb and Uber let us share our physical assets. And blockchains will do the same for our digital assets and resources.
Although this bitcoin ETF is good for the crypto market, DON’T BUY IT.
One city government is embracing crypto. This lends credibility to crypto and a future where it’s part of our lives.
FTX is the official crypto exchange of Major League Baseball. This partnership is great for FTX and cryptos in general.
Adam has been trading the markets for over 15 years now. He used to run a hedge fund, but now he helps regular investors catch up on retirement.
The Winning Investor Daily Team