David Twibell, president of Custom Portfolio Group, was recently quoted in a story on The Street.com:
Opting to pour their money into cash or other conservative investments which yield extremely low returns, Millennials are investing more like Baby Boomers.
Some Millennials have fallen into the “Depression syndrome” similar to the reaction of investors who survived the Great Depression, said Alex Navarro, a senior vice president and private financial advisor for Atlanta-based SunTrust Investment Services.
…
Millennials may find it harder to invest for the future, because some of them are less financially secure than previous generations and are facing difficult job prospects or stagnant wages. Some of them believe that they may need to draw on their savings to supplement their income, said David Twibell, president for Custom Portfolio Group in Englewood, Colo.
Read the full story on TheStreet.com
