In Alexander Green’s recent interview with Bill O’Reilly, he discussed what could be the greatest economic revolution of the 21st century…
It involves a revolutionary new technology… And whether you like it or not, it will impact you and 99% of everyone you know.
During their discussion, Alex revealed how this technology could:
- Create 20 million new millionaires
- Trigger the biggest stock market boom in history
- And help YOU achieve the American Dream
Some of the smartest minds on Wall Street are already saying this will create “an economic sonic boom” unlike anything we’ve seen before.
Watch Alex’s interview with Bill now to get everything you need – including the names and ticker symbols of three stocks at the forefront of this boom.
– Nicole Labra, Senior Managing Editor
Recent polls show that between half and three-quarters of Americans no longer believe in The American Dream.
While the dream means different things to different people, most understand that it is about upward mobility and personal prosperity.
Those who are most pessimistic about their economic future are low-income individuals and, surprisingly, young people.
The two groups overlap, of course.
Like many readers, as a young man, I was essentially broke. Forty years later, I’m decidedly not.
But even when I had a net worth of zero, I believed fully in the American Dream.
I didn’t have the first clue how I would get there. But I had no doubt that I’d arrive eventually.
I think having this kind of confidence – a sense of optimism – is essential to achieving the Dream.
However, young people today are full of pessimism, thanks to our mediocre public education system, the far-left curriculum of academia, and the relentless negativity of the mainstream media.
Many believe that climate change poses an existential threat to humanity, that socialism is preferable to capitalism, and that everyone who isn’t a straight, white male today is a victim.
(These aren’t the only things they’re confused about, incidentally. A recent Emerson College poll found that 41% of people between the ages of 18 and 29 believe the assassination of UnitedHealthcare CEO Brian Thompson was “acceptable.”)
There isn’t time or space here to refute all these claims.
However, anyone who wants to broaden their perspective should familiarize themselves with the well-reasoned arguments of writers like Bjorn Lomborg, Michael Shellenberger, Heather MacDonald and Thomas Sowell, to name just a few clear thinkers.
Their fact-based observations are an effective antidote to the hysteria that reigns in some segments of society.
The pessimism of young people when it comes to wealth-building – and achieving the American Dream – is especially unfortunate since they have something essential that most of us lack: a lot of years ahead of them.
This is a big deal because a little bit of saving and investing now can work miracles over a period of decades.
For example, a 25-year-old who saves $400 a month until age 65 – and earns nothing more or less than the 10% average annual return of the S&P 500 – will have $2.24 million.
(And if they invest in a Roth IRA, they will be multi-millionaires who owe nothing in taxes on their portfolio.)
If $400 is too much and they save just $200 a month, they will still be millionaires.
However, if someone waits until age 35 to save $400 a month – and earns the same return – it turns into just $832,340 by age 65. Wait until 45 to get started and that $400 a month turns into only $289,811.
Yet 25-year-olds are among the most skeptical that they will ever be financially independent? Something is not right here.
There is some good news, however.
According to a 2024 Charles Schwab survey, for Gen Zers (those born in the U.S. between 1997 and 2012), the average age for their first investment is just 19.
That’s excellent. (And almost a decade before I got started.)
For Millennials (1985-1996), it is 25. For Gen Xers (1965-1980), it’s 32. And for Baby Boomers (1946-1964), it’s 35.
Getting a head start on investing is undoubtedly a good thing.
Easy access and no minimums make wealth-building possible for everyone.
(Even if you don’t have a few hundred dollars to buy a share of one of the big tech leaders, you can own a fractional share and still participate in their growth.)
The downside? Multiple surveys show that young people – and especially young men – with access to all sorts of risky products and strategies are committing financial hari-kari.
Thanks to smartphones, zero-commission trading, and the growing “gamification” trend, young folks are amping up the risk in their portfolios… and with entirely predictable results.
In my next column, I’ll reveal what they’re doing, why they’re doing it, and what they should be doing if they truly want a share in the American Dream.
Credit: Source link