I’ve shoppers of their 80’s and shoppers of their 20’s and everybody else in between. Our fan base on the podcasts and video channels skews youthful. Our multi-millionaire clientele skews older. I sit in between and converse to each audiences, most likely greater than most FAs within the trade. So I’ve some perspective on the concept the funding markets have undergone a “altering of the guard” so to talk.
I feel we’ll look again on 2020 for lots of causes however some of the necessary ones will solely turn out to be obvious to us with the passage of some extra time. I feel it will likely be seemed again on because the 12 months the Boomers lastly ceded management* over the inventory market to the following technology. Really, the following subsequent technology – us Xer’s by no means actually wished it dangerous sufficient to have accomplished with Gen Y is presently doing, remaking every little thing in its personal picture.
I wrote an essay about this matter for the print version of Fortune Journal, which dropped as we speak. It’s the annual 500 subject in case you see it on the stands someplace. Or, you’ll be able to observe this magic hyperlink and skim it without spending a dime with no subscription:
https://fortune.com/2021/06/02/changing-stock-market-meme-stocks-day-trading-reddit-crypto-investing-robinhood-btc-tsla-gme-eth-amc-nfts/?7j3g0c
* no person really controls the inventory market, not even the Fed, so allow me this determine of speech
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