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Zacks Market Edge Highlights: Schwab, eTrade and TD Ameritrade
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For Immediate Release
Chicago, IL – Jan 18, 2018 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/289042/are-millennials-investing-for-retirement)
Are Millennials Investing for Retirement?
Welcome to Episode #115 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Maddy Low, a Zacks Account Manager, and Danny MacPherson, Zacks Podcast Producer, two Zacks Millennials, to discuss whether Millennials are saving for retirement and how they’re doing it.
The Millennial generation is getting older. They are no longer simply 20-somethings living in their parents’ basement. The generation now ranges from 20 to 37. Yes, the oldest Millennials are nearing 40.
Maddy and Danny fall somewhere in the middle so they’re representative of the group that didn’t graduate in the worst job market of the last century.
Self-Funded Retirement
Millennials and Generation X have one thing in common: neither believe that Social Security will be there. Therefore, they’re saving on their own.
Yet, they’re also the first generation which has easy investing opportunities.
Not only are there low-cost investing sites such as Schwab (SCHW - Free Report) , eTrade and TD Ameritrade (AMTD - Free Report) , the popular investing apps such as Acorn and Robinhood are also eying the retirement market.
Retirement Savings on Your Phone
Acorn, which takes your extra change from credit card purchases and invests it, says on its website that it hopes to launch an IRA in early 2018. It would pull the money from paychecks, however.
The website says more than 270,000 people have signed up on the e-mail list to be notified about the IRA’s launch.
Robinhood is also apparently looking into setting up IRA accounts on its platform. Robinhood is popular with Millennials because there is no minimum start-up amount. You can open an account and trade stocks and ETFs with $0.
Even with high student loan balances and expensive housing, is there hope for the Millennial retirement?
Tune into this week’s podcast to find out.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: Schwab, eTrade and TD Ameritrade
For Immediate Release
Chicago, IL – Jan 18, 2018 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/289042/are-millennials-investing-for-retirement)
Are Millennials Investing for Retirement?
Welcome to Episode #115 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Maddy Low, a Zacks Account Manager, and Danny MacPherson, Zacks Podcast Producer, two Zacks Millennials, to discuss whether Millennials are saving for retirement and how they’re doing it.
The Millennial generation is getting older. They are no longer simply 20-somethings living in their parents’ basement. The generation now ranges from 20 to 37. Yes, the oldest Millennials are nearing 40.
Maddy and Danny fall somewhere in the middle so they’re representative of the group that didn’t graduate in the worst job market of the last century.
Self-Funded Retirement
Millennials and Generation X have one thing in common: neither believe that Social Security will be there. Therefore, they’re saving on their own.
Yet, they’re also the first generation which has easy investing opportunities.
Not only are there low-cost investing sites such as Schwab (SCHW - Free Report) , eTrade and TD Ameritrade (AMTD - Free Report) , the popular investing apps such as Acorn and Robinhood are also eying the retirement market.
Retirement Savings on Your Phone
Acorn, which takes your extra change from credit card purchases and invests it, says on its website that it hopes to launch an IRA in early 2018. It would pull the money from paychecks, however.
The website says more than 270,000 people have signed up on the e-mail list to be notified about the IRA’s launch.
Robinhood is also apparently looking into setting up IRA accounts on its platform. Robinhood is popular with Millennials because there is no minimum start-up amount. You can open an account and trade stocks and ETFs with $0.
Even with high student loan balances and expensive housing, is there hope for the Millennial retirement?
Tune into this week’s podcast to find out.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Tracey Ryniec manages the Insider Trader and Value Investor portfolios at Zacks.com. She hosts 2 weekly podcasts: Zacks Market Edge Podcast and the Value Investor Podcast. You can also catch her on Twitter at @TraceyRyniec.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.