"Sometimes teens feel that if they don't have the latest and greatest gadget, they won't be popular or fit in," says Kimberly Foss, a certified financial planner and president of Empyrion Wealth Management in Roseville, California. "This is reflective of a deeper issue of self-worth and self-esteem.
These are not investor errors, and its not something they can foresee, adds Kimberly Foss, founder of Empyrion Wealth Management in Roseville, Calif. Retail investors are just not going to invest in the market anymore.
If need be, put your savings systems on autopilot, such as direct deposit from your paycheck. "Make it palatable so that you can sustain it," says Kimberly Foss, CFP and president of Empyrion Wealth Management in Roseville, Calif.
"There seems to be a disconnect between what the Federal Reserve is seeing and what the average person out there is experiencing," said Kimberly Foss, founder and president of Empyrion Wealth Management in Sacramento, Calif.