Editor's Note: The following is a guest post by Brian Sozzi, CEO of Belus Capital Advisors.
The 30-and-under crowd are highly skeptical of the status quo. We can’t quite relate to a billionaire man named Warren Buffett and his best friend, Microsoft chairman Bill Gates. We wonder from afar how people are making bank in the stock market, and where to begin the process to attain vast riches. Bottom line: my fellow millennials are in bad need of stock investing help.
Here are three tips I’ve learned from spending 11 years in the biz.
Emotionally connect with your daily habits
Start your day with a $5.00 iced frappe from Starbucks (SBUX) then grab a midday burrito from Chipotle (CMG), after waiting in long lines? Chances are others are rocking the same habits. Why the focus on habits? It means that company could be earning consistent sales and profits. In investing, consistent sales and profits by a company are the holy grail.
Put exec jargon on social blast
Hate to break it to you, but you will need to read a press release with scary numbers that remind you of Accounting 101 class. If you get a little confused by this crazy exec-speak, chances are the company is trying to cover the poor financial performance that crushed its stock. What is a “cross functional team collaboration” anyway?
Stalk the lives and comments of execs
Most people sitting atop publicly traded companies now have Twitter accounts and love to do interviews to talk about their amazingness. Keep track of it all! Getting to know these individuals on as close a personal level as possible.
Time for this millennial to stalk a Starbucks refill.
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