"One of the most important things is to invest in stocks and not stuff."
"Pretty much most things we buy goes down in value the minute you buy it."
"Go back to high school, walk down the corridor and look at what sneakers everyone's wearing, what phones they use, what computers they're on, what they do in their spare time, and what social media they're on."
"There's a number out there that says at the age of 18, if you put $250 a month into the S&P 500, which is a basket of 500 stocks, at the age of 60, you'll have more"
A veteran NYSE floor trader recommends prioritizing investments in stocks and index funds over purchasing consumer goods that lose value immediately. Young consumers are identified as a major source of spending on depreciating products. Observing everyday product use—sneakers, phones, computers, social platforms—can guide stock selections in familiar companies like Apple or Nike. Regular, small contributions to broad-market index funds such as the S&P 500 can compound into substantial long-term savings. The trader cites significant daily trading experience and advises translating consumption habits into ownership of the companies that produce those goods and services.
Read at Fortune
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