Interesting data on millennials' investment habits from BlackRock’s latest Global Investor Pulse Survey. The report found that 58% of millennials are interested in robo advisers. At the same time, 64% of millennials believe that a personal relationship with their adviser is important. Should we assume from these figures that millennials don't know what they want?
From a young age, my parents ingrained in me the importance of saving and investing. My dad, ever the CPA, stressed the importance of capturing those tax-free dollars in my company’s 401(k) plan, even when I could barely make ends meet in my first job out of college. For the most part, my friends also understand the value of saving and investing, as we every once in a while compare debit card savings perks when we split the bill at brunch or compare notes on the latest financial software. A recent survey finds that my fellow millennials and I are doing some things right and some things wrong when it comes to our investments.