Young men outperform traditional investors with speculative assets like bitcoin, gold, and meme stocks. A hypothetical portfolio equally split among those assets yielded more than 60% returns in the first 11 months of the year, over three times the gains of a traditional 60/40 portfolio, per Leuthold Group. Social media and commission-free trading platforms fuel this trend, with users seeking rapid wealth. Data shows over 40% of men ages 18-29 engage in crypto compared to 17% of women, with similar gaps in other assets. Experts warn of the allure of big gains overshadowing significant losses.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Young men are outperforming traditional investors with speculative assets like Bitcoin,
00:06gold, and meme stocks. A hypothetical portfolio equally split among those assets
00:11yielded more than 60% returns in the first 11 months of the year, over three times the
00:15gains of a traditional 60-40 portfolio per Luthod group. Social media and commission-free
00:22trading platforms fuel this trend, with users seeking rapid wealth. Data shows over 40% of men
00:29ages 18-29 engage in crypto compared to 70% of women with similar gaps in other assets.
00:35Experts warn of the allure of big gains overshadowing significant losses.