Millennials who invest are feeling surprisingly confident. A survey by Securian Financial Group has found that 42% 23-38-year-old investors feel they’re “very knowledgeable about investments,” compared to 17% of Boomer investors. They’re also feeling more optimistic: over 70% of the younger investors think there will be a bull market in the next three years, while half of Boomers are expecting a bear market. Although Millennials think the investing future looks bright, if a crisis were to occur they would be quicker to bail than older investors: about 16% of Millennials say they will sell if the market falls, compared to only 1.6% of Boomers. (Bloomberg, Securian)
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