Millennial investors are stereotyped as having short attention spans and an aversion to investing. Is this an accurate representation? Doug invites Shannah Game, CFP® , a specialist in millennial investors, to discuss the difference between millennials and other investors. Listen to two Certified Financial PlanningTM Professionals debate how retirement and investment goals are different for millennials. Shannah reaches out to this financially conservative generation and offers some tools that make investing and saving a little easier. She also has a simple exercise that you determine why you need to “know your number.” 3 types of mutual funds Are you familiar with all 3 types of mutual funds? Doug explains the differences in the 3 types of funds (index funds, open end funds and closed funds) and elaborates on closed end funds. What are the pros and cons of closed end funds? What makes them a good choice for some investors, but not others? To learn more about Shannah Game and other issues affecting millennial investors listen to her podcast, Millennial Money, or visit her personal shannahgame.com. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.
