Millennials are making a big mistake when it comes to investing, Morgan Stanley's US equity chief says
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- Morgan Stanley's chief US equity strategist, Mike Wilson, says millennials have steered clear of the stock market because of bad timing.
- He thinks they should give stocks another shot, specifically as it pertains to saving for retirement.
The stock market has an image problem — at least with millennials.
So says Mike Wilson, Morgan Stanley's chief US equity strategist. He argues that millennials grew up in a period that inconveniently coincided with a patch of stock weakness and left a sour taste in the mouths of millions. That, in turn, kept those people from testing out the market.See the rest of the story at Business Insider
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