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David Fraser

Millennials: Stop Making this Investing Mistake

06.24.2015 By

At a recent CFA conference, Patrick O’Shaughnessy, a portfolio manager at O’Shaughnessy Asset Management, spoke about the investing behaviour of Millennials (those born between the early 1980s and early 2000s). In his presentation, O’Shaughnessy proposed that these young investors are making three big investment mistakes: 1. They are not saving enough 2. They have poor asset allocation, and 3. Their stock selection is mediocre at best.1 With regard to the “mediocre” stock selection, it appears that Millennials have a tendency…

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