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I asked experts if it's a good time for my fellow millennials to start investing, and was surprised to hear that in many cases the answer is no

Posted On: 25 May 2020   |   Posted By: Business Insider

I asked experts if it's a good time for my fellow millennials to start investing, and was surprised to hear that in many cases the answer is no

Many millennials get into the market with stock-picking and active trading, choosing the exact stocks they want and buying and selling them regularly.
But experts say trying to get ahead right now by picking stocks they think will surge after the coronavirus pandemic is over isn't a smart investing strategy.
If you're just going to pick stocks, experts say now isn't the time to start investing.
But if you want to start or continue a long-term investing strategy, go ahead and invest.
Try commission-free trading with TD Ameritrade »
At the beginning of the pandemic and after some dramatic stock market drops, I had a thought. Maybe my generation, millennials, should start investing right now if they haven't already.
Maybe, after years of lugging around student loan debt , paying most of our low starting salaries on rent , and being underemployed , we could finally use this big drop as a chance to get ahead. I found out that my similarly aged friends had also been wondering this, and naturally, I needed an...

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