The recent GameStop short squeeze and skyrocketing popularity of “meme stocks” among millennial and even younger investors illustrate how popular and fashionable it has become to not only invest in the stock market but take the reins of your own investments. Despite economic downturns like the 2008 financial crisis, the average American’s wealth has increased over time, and people generally have more money to invest than they did just a few decades ago.
Investing may be more popular than ever, but the big question is whether this is a short-term phenomenon that could be a market top or a long-term movement that could benefit all investors for years to come. As an independent investment advisor who’s helped grow successful portfolios over the past several decades, I see several key factors indicating that the democratization and popularization of investing will drive long-term market growth.
In my recent article for Forbes, I explore the long-term impact of SPAC stocks, the wealth effect, and better education on the market. More importantly, I shed some light on what this all means for the new and experienced investor. Want to learn more? Click here to read the full article.