Eric Satz, CEO and founder of Alto Solutions, joined 'Wake Up With Cheddar' to discuss how millennials are looking toward the future when it comes to investing. Plus, what they found out about the generation hoping to retire by age 59. Watch!

Wake Up With Cheddar

How Millennials Are Looking Toward the Futures of Investing

played a major part in the way we now invest nowadays, whether it's in cryptocurrencies or the rapid growth of meme stocks like Gamestop and AMC. And while those trends have lost some steam lately, it has given people look at how millennials look towards the future of investments. So joining us now to talk more about millennials, perspective on investing in Crypto is eric SATZ Ceo and founder of Alto Solutions. ErIC Good morning. Thanks so much for getting up early with us. So how is investing in the stock market and real estate evolved for the millennial generation? Well, good morning baker to you as well. I think it's important to understand the context in which we, we went out and did some market research and that is the mission for all toe is to unlock alternative assets for all investors. These are assets which historically have uh, really been the domain of high net worth, ultra high net worth investors and their investments in alternative assets, private equity, venture capital, real estate, crypto today, farmland artwork, antique collectibles, things like that have been off limits to the everyday investor. And so we went out to to do some research and and find out what millennials and other generations are thinking about investment opportunities today. And what we found out was that while everyone certainly wants to be able to retire earlier, very few people believe that they will be able to do so. And so the idea is for us to unlock what we believe to be a core strategy for future financial retirement, which is portfolio diversification and that includes alternative assets. So you mentioned, by the way, millennials wanting to retire early, how is investing in retirement change for millennials compared to those previous generations? Has the perspective completely changed? So I think there's, there's two sides of the same coin. I think millennials are optimistic About uh, wanting financial freedom in the future, but they're pessimistic about the idea of actually achieving that financial freedom. And so 76% of all millennials today, I think that a market crash would wipe out their retirement savings. Uh, 74% believe that investing in the stock market is like gambling, 70% believe it's too risky to put most of their retirement in the retirement money in the stock market 60, but these are a lot of statistics, right, 65 believe they can't count on the stock market to deliver the necessary returns as it has in the past so that they'll be able to retire. And that same number, 65% believe that retirement is going to be easier for their parents than it is for them. That's a total change relative to what we've seen in the past. Yeah, those numbers really sort of stark eric, thanks so much for giving us that inside ERic SATZ is the Ceo and founder of Alto Solutions