2024-12-10
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Here's your money briefing for Tuesday, December 10th.
I'm JR Welland for the Wall Street Journal.
Financial professionals often advise against investments in assets like cryptocurrency and so-called meme stocks because of the potential for significant losses.
That hasn't stopped a disproportionate number of younger men from pouring money into that end of the market.
There are a lot of different factors driving this,
but the main reason that I heard was that taking a big leap of faith in their financial strategy feels like the only way
that they can really have a chance at the life that they want,
whether that's retiring comfortably or buying a home.
Is the reward outpacing the risk?
We'll talk to Wall Street Journal reporter Catherine Hamilton after the break.
Many young men are making risky investments and are enjoying sizable returns for now.
Wall Street Journal reporter Catherine Hamilton joins me.
Catherine, what ages of men are we talking about?
Broadly speaking, we're talking about men under 40 years old,