1Yr
Would like to share my thoughts, as a 21 (soon 22) year old... First, thank you for this amount, it summarizes it pretty well from my point of view. I myself also drive a dividend strategy and also understand the criticisms of older users to selbiger, agree him even largely. However, I drive it, like many others, not in "purest form", but in combination with etfs, which are also no Divident Etfs. For me, the distribution is 30% etfs and the rest stocks. Why? The etfs are my retirement provision and will not be touched further until retirement. The dividend stocks are for the HOLY FINANCIAL FREEDOM. So the investment pot consists of two pillars that carry two different goals. You could also say present and future pillar. I think a big difference to Generation Y is (also from my own experience) the early awareness or fear that you just have to count on no pension. I did an FsJ in 2020 in care for the disabled. There, my coworkers were either 90s vintages or boomers, nothing in between. The topic of pensions and money in general came up a lot during the break conversations. As I said, it was the nursing sector. I have the feeling that people here increasingly talk about the money issue among employees. These conversations have taken place more between me and the boomers than with Gen y. The 90s employees didn't deal with the topic at all and felt it was more of a burden and pushed it away. I would also say that we look more negatively into the future or do it at all. Dividends are also quite nice, because they are a constant and offer the freedom to invest, for example, in another company. That goes with yield only after realization on which one also pays taxes. Also the psychology behind it should not be disregarded. Man pays his money in something (in the case in shares) and gets money for it. I think that triggers in me the same "feelings of security" as it did with the boomers interest once. It is nothing else, only that you can now also see a negative development in the chart, which again only conditionally itches because, there are no alternatives. I would like to summarize only say ...
While Gen Y looks pessimistically into the future or the future does not play a role, Gen Z deals with it very well sees it but certainly also often too gloomy (I have to grab my own nose) and takes this state just not just accept alla "Yes, tomorrow will suck but today is first today ", but tries for themselves somehow to make the best of it and to give themselves in an "uncertain world at least some security, because others do not".
These were my thoughts on this. I hope not too many lose the thread while reading.
While Gen Y looks pessimistically into the future or the future does not play a role, Gen Z deals with it very well sees it but certainly also often too gloomy (I have to grab my own nose) and takes this state just not just accept alla "Yes, tomorrow will suck but today is first today ", but tries for themselves somehow to make the best of it and to give themselves in an "uncertain world at least some security, because others do not".
These were my thoughts on this. I hope not too many lose the thread while reading.
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@xammg I totally agree with you that my generation definitely has a pension problem and doesn't like to talk about money. This could certainly be the last 10 years of stock market experience from the respective point of view. While some have seen a dotcom and real estate bubble burst, others have watched the prices rise for 10 years. As I said before, I definitely didn't see the real alternative of saving independently in ETFs when I was in my early 20s. It may have been there, but it was far too risky for me, and there was no education if the parents didn't do it. The next generation is definitely ahead of me, which serves as a completely new foundation.
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@xammg perfectly said
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@xammg exactly so! I drive a similar strategy as you, at least until I have exhausted the allowance and then I see further. It's just motivating to have an extra cash flow. But I would never stop my long term accumulating ETF savings plan because of that. I can sleep so well and I think that's most important 🙂 .
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