The Baby Boomers invested in stocks, bonds and real estate for retirement planning. What investments should Millennials consider instead? Are these vehicles still valid investments, or have times changed, allowing for different options when planning for retirement, other than the obvious 401k's?

The Baby Boomers invested in stocks, bonds and real estate for retirement planning. What investments should Millennials consider instead?

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Are these vehicles still valid investments, or have times changed, allowing for different options when planning for retirement, other than the obvious 401k's?

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Larry McClanahan, Financial Advisor

@LarryMcClanahan • 10/29/15 This answer was first published on 10/29/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Great question! There's no such thing as a bad asset, only a bad price. Any of the investment vehicles you mentioned can be appropriate...it actually has nothing to do with your demographic group and everything to do with whether those investments are overpriced or underpriced when you buy (and your time frame).
In my view, most assets in the US (stocks, bonds, real estate, so on) are currently very overpriced vs. sustainable valuations under more normal economic conditions. And I lay the blame primarily at the feet of global central bank monetary policy on steroids, which has artificially "goosed" asset prices.
Assets don't care if you're a Boomer, Gen X, or Millenial. When demand for those assets goes in the tank for whatever reason, prices will follow. Equal opportunity potential for gain, equal opportunity potential for harm. Hope that helps!

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