4 Myths About Baby Boomers (Stock Market) | Phil Town

What stock market myths have you been told that aren’t true? Tell me below!

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As a 'gen-X' Brit I can say that I have heard none of these.

What I have encountered is a shocking level of entitlement coupled with complete and sometimes intentional ignorance of what they took or were given in their younger years. And it's not difficult to see why.

There is a guy here on YT who interviewed people over several decades and asked them about the times they were living in. In one of the videos he interviews parents of Boomers and asks them about their kids, and even then it's apparent to those parents what trajectory their kids are on.

After watching that I realised that kids need to not only see but also experience what it takes to make money. And they need not only to do the work but to see how that relates to how much they get and what they can buy with it. They need to realise the cost if debt, in terms of future work needed to repay it and they need to be taught skills, both practical and monetary before they hit their teens.

And lastly they need to realise that there will be those that frittered their money away during their working lives and who willl go on to expect the young & those that were prudent to keep them in a comfortable retirement.

And they need to realise that unlike in pervious generations it probably won't happen.

Thanks very much Phil, you are such an inspiration. I am learning, learning and learning more since I came to your Seminar. It was great. By the way I love your suntan. Cheers

It is a very bad idea to invest money you need in short term in stock market.

Myth: you can time the market.

Just stopped by to say I really love your videos. Very well made and very insightful. Thank you for sharing your knowledge.

No one seems to want to talk about the elephant in the room that prevents adequate retirement savings and investment. Divorce, alimony, child support, and the resulting attorney fees will drain any person's hope a retirement savings and investment. Statistically 6 to 7 out of 10 first marriages fail. Approximately 8 out of 10 second marriages fail, but for different reasons. I was able to avoid the above and adequately save and invest. However, I wish just one financial coach would discuss this issue….

Thanks, Sir for your knowledge and your wisdom ,I have learnt so much from your videos. I don't live in u.s.a but surely one-day I will come and visit you. ????

I am a boomer, born in 60, who was smart enough to cash in my stock holdings in late 2007, so I avoided the crash, but dumb enough to stay out of the market since. Trying to time the market is not a mistake I will make again, but I do believe we are in the midst of a stock bubble caused by the low interest rate policies of the Federal Reserve.  I am still waiting for stock prices to come down before I re-enter the market.  I just wish this bull market would end.  Phil, you have said it cannot last much longer.  I hope you are right.  I am flush with cash and am ready to pounce.

Phil I seen you have a 3 day scholarship training coming up soon. Unfortunately I live in Australia any tips how I could get hands on and interaction similar to your training??

The biggest myth I've heard is you can't beat the market. Sure it's not easy and you can't do it everyday but if the average person spends just a decent amount of time I believe it's not that difficult to match or beat the market.

Can you make a video on how you value banks and insurance companies if it is any different than MOS/PBT/10CAP methods you use to value other companies? Do you use zombie value methodology to get a discount on the balance sheet assets for these types of financial companies?

Investing has no age limit. I plan to invest for the rest of my life and I'm in my early thirties. Feel free to follow my 151k youtube portfolio on this journey

Funny, because I see Boomers jet-setting around, driving higher-end cars, and eating out all the time at places where people shouldn't be eating if they are in the financial shape you describe. I see them either showing off or crying poorhouse depending on the story that suits them best at the moment.

Assisted living facilities might be a great investment if healthcare covers these expenses.

Wow, thanks for this!

I’m so happy I’m a Millennial and the internet is here. When I think what it was like to be a boomer and the economy when they were young to the economy now It seems to me it would have been difficult to discipline your Financial health without a good role model. Now there is investing on our phones and videos to teach us the right steps

I look forward to your videos every Thursday

What's your thoughts on the marijuana stock?

thank you for sharing your tips and making a video about this.It's really interesting and opens my mind that any age can invest if we have the basic knowledge.

Thank you for sharing this interesting data. Well, remains the question which stocks one can buy right now?

At 57 years old, am I too late to make enough income through investing in the stock market?

Phil Town's Rule #1 Investing for life. ❤

Pensions definitely make a big difference. Most boomers I know live off their pension and social security to survive. Not living lavishly, but can get by with just those two sources. The rest of us are screwed!

This is really surprising information on those without savings Phil. Thanks for sharing this!?