Millennial spending habits

Flipping regular stocks the bird.

http://www.bloomberg.com/news/articles/2016-02-01/millennial-splurge-on-lifegoals-giving-leisure-stocks-a-boost

“Alistair Owen pours most of his paycheck into what he calls a travel-and-lifestyle fund.

“I’m not saving up to buy anything,” said the 28-year-old engineer, who shares a rented apartment with two flatmates in south London. “I prefer to go out for dinner at a nice place, pay a round at the pub or explore a new area of the world. I feel like I would be losing out on living if I chose to own stuff instead.”

The stock market is starting to reflect his priorities and those of his generation — the millennials, those born between 1980 and 2000.”

They’re listening to the Boomer advice to buy experiences over things. Except the Boomers are panicking about their share selloff.

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1. Be civil. 2. Be logical or fair. 3. Do not bore me.

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