Why would a millennial pay for investment advice?


Sage article wealth builders

11.24.20221
By Sage Casaga

Out of all required courses within the US education system, it’s rare to find one that focuses on teaching personal finances – Even after graduating higher education, the majority of students never actually take a course dedicated towards concepts like how to budget, build a strong credit score, best ways to save for a home, what a Roth IRA or a 401k is, how to discuss finances with family members and your spouse, or even general education on what it means to be an investor and build long-term wealth. We are usually forced to learn about each of these independently as we encounter them in the “real world”; However, having financial independence early on in life is crucial to one’s overall well-being. In fact, having trouble with finances is one of the leading causes of divorce, according to research. In my opinion, personal finances and investing for one’s future do not get discussed nearly enough, especially from an educational standpoint.

So, now for the big question: How does one become “wealthy” or achieve “financial success?” For many, it can be simply attributed to two things: Knowledge and Investments. As the old saying goes, “knowledge is power,” but how can you have the knowledge if no one teaches you? (I would argue, non-licensed TikTokers and YouTubers do not count as credible financial advice). Not only does building substantial wealth (and preserving it) require knowledge, but how can one build true financial independence without owning investments?

As an advisor, I’m exposed to many different financial backgrounds and levels of investing knowledge. Part of my job is to fill the lack of education around personal finance that our school systems have not provided. Not only is it important to educate and empower clients to achieve their financial goals, but it’s essential to be on their team as a resource along the way. Understanding a client’s investing experience and relationship with money is the key to their growth.

Most financial advisors will not work with someone who isn’t ready to invest a minimum of $250,000. Ironically, people who are in the wealth accumulation stage of their lives are usually the ones who need a financial advisor the most. Gerber Kawasaki exists to democratize financial advice and provide solutions for all financial backgrounds. Our unique Wealth Building Program helps young individuals and professionals who are motivated to grow their assets by investing to reach their financial goals.

When we open a new account, we meet with each of our clients for an in-depth consultation to better understand their goals with their money, so we know exactly how to help them – whether it be saving to buy a home, planning for family, early retirement, or just providing advice on how to make the savviest financial decisions for life events. From there, we customize a portfolio based around the client’s goal and implement our investment strategies. Some of the unique services that we offer, include:

• Managed cryptocurrency accounts powered by Gemini Exchange
• Access to all our top investment themes through the AdvisorShares GK ETF
• Life insurance that takes 5 minutes (on average) to set up
• Personal investment advice & a customized portfolio (i.e. sustainable investment options), regardless of asset size

One of the biggest financial mistakes a young individual can make, is not investing in the stock market. For many reasons, the COVID-19 pandemic gave rise to investing, especially with younger crowds looking to “get rich quick” on enticing trading platform such as Robinhood. However, many Millennials and members of Generation Z still do not invest at all. This is a huge long-term opportunity that many don’t realize they are missing, due to lack of education. Just to name a few, here are some of the reasons I’ve heard from young individuals not wanting to invest:

1) The stock market is risky.
2) I don’t think I have enough money yet.
3) I want to pay off all my Student Loan debt first.
4) I don’t have the time or the resources.

While on the surface these may seem like somewhat reasonable responses, I would argue each of these four statements are invalid excuses not to own stocks and get invested. If you would like to learn more about our Wealth Building Program and why investing may make sense for you, feel free to schedule an initial consultation with us to get invested! It’s never too late to start building wealth for the future and set up a plan.

Sage Casaga is a Financial Advisor of Santa Monica, Calif-based Gerber Kawasaki Inc., an SEC-registered investment firm with approximately $2.2 billion in assets under management as of 11/24/21. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which course of action may be appropriate for you, consult your financial advisor. No strategy assures success or protects against loss. Readers shouldn't buy any investment without doing their research to determine if the investments are suitable for their situation. “All investments involve risk and one should consult a financial advisor before making any investments. Past performance is not indicative of future results."

Sage Casaga is a Financial Advisor of Santa Monica, Calif-based Gerber Kawasaki Inc., an SEC-registered investment firm with approximately $2 billion in assets under management as of 06/29/21. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which course of action may be appropriate for you, consult your financial advisor. No strategy assures success or protects against loss. Readers shouldn't buy any investment without doing their research to determine if the investments are suitable for their situation. “All investments involve risk and one should consult a financial advisor before making any investments. Past performance is not indicative of future results."