Repeat After Me...You are an Active Investor...The Stock Market is a Game.

Millennials plays games.

The stock market IS a game.

Millennials should never play this game!

The rallying cry of most venture backed financial businesses these days is to ‘set and forget’. The media has globbed on of course. Trust an algorithm. Hire a robo advisor. Be passive! Don’t trust the players or the game.

I am confident ‘the millennials’ will come to their senses about the stock market and investing.

Why?

Ray Dalio who manages a paltry $170 billion calls it ‘the game’. He is addicted to and loves ‘the game’.

I love this post with links from Michael Batnick entitled ‘Addicted to The Game‘. Read it. Share it with your ‘Z’ generation child and ‘Millennial’ college educated, underemployed child that will never be able to afford moving out of your house. That kid of yours is going to inherit what’s left of your money and might as well learn the game.

Tiger Moms are teaching their kids 4 languages. None of those are the language of markets. That is incredibly lucky for the rest of us who are just getting exposed to the game today. Your competition wants to speak German, Spanish and play on the PGA.

Those that are thinking about investing are being drilled over the head with marketing to hand off all their investing to algorithms. Invest passively and don’t even try to play the game. Investing with algorithms and robo-advisors are forms of investing for sure, but they are anything but passive. You are just paying someone else to play the game.

There is NO such thing as passive investing. There are only varying degrees of active investing.

In a perfect example of how my industry works, Goldman Sachs is out telling the world that active investing is for losers. Not coincidentally they have also begun to market their own brand of Goldman ETF’s that…wait for it…pick stocks.

You can’t blame Goldman, but can you see how the game is being played? Pretty evil and pretty genius.

Do not be a pawn.

I am committed through Stocktwits and Social Leverage to ‘gamify’ the learning of this amazing language and this lifetime game.