Could Your Plan Use More FOMO?

Did you hear about the Camillus, NY man that sued his parents when they offered him $1,100 to move out of their house? The story of a 30-year-old deadbeat refusing to leave his parents’ home where he lives rent free fits perfectly into the stereotype of a lazy, self-centered Millennial (those born between 1980 – 1992) that my Generation X (1965 – 1979) takes delight in ridiculing.

That stereotype was fed further this week when the financial information website, MarketWatch, tweeted a link to an article offering Millennials retirement advice. On cue, Thirtysomethings replied to the tweet with characteristic cynicism and snark.

Tuning Out the Noise

What do the following headlines have in common?

  • “Credit Suisse: Investors are worrying too much and are going to miss out on big market upside ahead.”

  • “Ron Paul calls for market meltdown, warns that stocks are 'destined to go down' as much as 50 percent.”

  • “Guggenheim investment chief sees stocks rising 20% more before a recession-fueled sell-off.”

  • “Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns.”

  • ‘'’Sell in May and go away' doesn't apply this year, market bull Tony Dwyer says.”

If you guessed they were stories published in the last couple of years on a major business news website, you would be wrong. They were actually stories published THIS WEEK on a major business news website!

The Information Age has led to a constant bombardment of data that is presented as impactful to our financial well-being. These headlines can evoke strong emotional responses from even the most experienced investors, but how can we avoid being overwhelmed by the relentless stream of news about markets?

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