Younger investors manage their own portfolios.

On Nov. 8, 2021, The Wall Street Journal (WSJ) published a 1,500 word article titled Rich Millennials to Financial Advisers: Thanks for the Golf Invite, But You Can’t Invest My Money.

In the article, an investor with a half-million dollar portfolio qualifies as rich.

The second habit of Monday Morning Millionaires is to be a do-it-yourself (self-directed) investor. Over the course of an investment lifetime, do-it-yourself (DIY) investing can save a full year’s income. Practising the six habits of Monday Morning Investors, a DIY investor will outperform well over 90% of managed portfolios. A high school student could learn how to do that and less than one hour.

With respect to being DIY investors, the rich millennials are correct.

The article invites readers to share their thoughts. Here is the Monday Morning position on some of the points raised in the WSJ article.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me