Teaching Boglehead mentality to the younger generation
A family friend's son just started his first job and got his first paycheck. What did he do? My friend told me he signed up for a brokerage account and nearly lost all of it on crypto and Nvidia losses.
The goal of this post isn't to bash Gen Z for buying into crypto and day trading- there's an argument to be had for WHY Gen Z isn't thinking about the future. But I can't help but feel concerned seeing how popular it is as their investment "culture". Every other TikTok and Instagram post talks about the big new stock to buy, crypto to buy, etc. and I've seen so many people get burned by it.
We all grew out of trying to game the stock market, but nonstop buy-sell-buy-sell seems so pervasive amongst Gen Z investors. It's not a sustainable way to build wealth, which is what Gen Z desperately needs.
How do we help teach Gen Z the Boglehead long-term-investment mentality?