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Millennials have it the worst when it comes to saving money. Although most millennials have thousands put aside in savings, a very small percentage are actually investing. Why is this? It’s because of debt and parents.
On the debt front, millennials have seen massive inflation during the last four decades. That means this age group is getting paid a pittance compared to what they need to pay. Mortgages, student loans, credit card debt all need to be paid. In fact, millennials have the highest debt-to-income ratio of 216% compared with other generations.
The other problem? Millennials’ parents, the baby boomers, are a bit less interested in investing in equities. There is far more fear of taking on unnecessary risk, in their view. So, this means millennials haven’t had the education needed to learn about investing. Now, I’m not saying this happens to all millennials and baby boomers, but there is a pattern.
Could Baytex Energy (TSX:BTE) Stock Hit $5 in 2021?
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TSX stocks with Canadian investors. Both names have been beaten-down at the hands of the coronavirus crisis over the past year. But which, if any, is the superior bet as we march closer to the end of the pandemic?
Let’s have a closer look at each contrarian play to see which, if any, is the better buy at today’s market crossroads.
Air Canada
Air Canada recently got another round of financial support from the government of Canada. As a part of the deal, the federal government will take a $500 million stake in AC stock at around $23. With the airline continuing to bleed cash amid this third wave of cases, the airline faces a brutal spring. And if the vaccine rollout doesn’t accelerate, Air Canada could run the risk of missing out on peak summer travel season.
Cryptocurrency has been a highly popular subject the last few months; however, in the last week,
Coinbase Global (NYSE:COIN) has gained much of that attention. Now investors are trying to figure out whether to invest in the best cryptocurrencies to buy now or Coinbase instead.
Coinbase is a cryptocurrency exchange, a business that is booming along with the entire industry. Not only is the exchange used to buy popular cryptocurrencies like Bitcoin and Ethereum, but it also lists several other coins.
Coinbase and the massive exchanges like it can often contribute to the rally of a particular lesser-known coin just by listing it on its exchange.
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