But most millennials, the people born from 1981 to 1996, have not experienced these kind of losses as investors. How should they be thinking about their financial future?
Jane Bryant Quinn in New York, Nov. 16, 2015. Quinn and two other personal finance authors offer tips for young people to follow during this financial crisis, and after it is over. (Robert Wright/The New York Times)
I believe the technical term for what we have been experiencing in the financial markets is: Aargh! (“Bloodsuckingly bad” also works.)
I’m not sure how much it helps, but I’ve been through something like this before, during the market meltdown of 2008, when the S&P 500 fell more than 38% in just that year.
But most millennials, the people born from 1981 to 1996, have not experienced these kind of losses as investors. How should they be thinking about their financial future?
To find out, I asked the authors of three of my favorite personal finance books for their most important pieces of long-term advice.
I contacted Ramit Sethi, who wrote “I Will Teach You to Be Rich” (Workman, $15.95); Tina Hay, author of “Napkin Finance: Build Your Wealth in 30 Seconds or Less” (Dey Street Books, $25.99); and Jane Bryant Quinn, whose latest book is “How to Make Your Money Last” (Simon and Schuster, $18).
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