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Your SEPTEMBER Dose of Millennial Insights
 
It's officially fall and we're back to bring you your monthly dose of millennial insights. In September's Millennial Monthly we are exploring a topic that has been getting a lot of attention lately: Millennials & Money. We'll introduce you to some of the companies and entrepreneurs who have bravely taken it upon themselves to disrupt this archaic industry, and explore the trade-off that many young investors face between innovative technology platforms and a human connection. 
 
We are lucky enough to have two Millennial Makers this month, Yinon Ravid and Hart Lambur, the founders of a peer-to-peer portfolio sharing platform called Openfolio. Openfolio is bringing the power of networks to financial services in true Millennial fashion.
 
Enjoy,

MUST READS

MILLENNIALS, MONEY AND MEANING
BY LOGAN MCINTOSH

The discussion around Millennials and Money continues to gain interest – from leading banks circulating white papers on generational wealth transfer to Alexa Von Tobel, founder of LearnVest, showcased on the August cover of Forbes Magazine with the tagline “Millennial Gold Rush”. The themes of the conversation vary — from shifting behavior trends and digital disruption of financial services to the need for new resources and accessible products to meet consumer objectives. However, the underlying point remains the same: Millennials are changing the game.

READ MORE
Top Three Apps for Financial Literacy
The Recession Generation: How Millennials Are Changing Money Management Forever

TIPS & TRICKS

MILLENNIAL HACK OF THE MONTH

This may not come as a surprise to you, but almost 70% of Millennials say they have never received any formal education around personal finances. In today's world, Millennials are more likely to graduate college as an investor in one of their friend's startups or kick starter projects than with a working knowledge of stocks and bonds. Our hack of the month is to offer your younger employees a personal finance bootcamp that covers all the basics: saving for retirement, the tradeoffs of buying vs. renting, paying off college debts, and choosing the best ETF's for you.

 

 
 

FEATURED TREND:
Social Investing Sites: Invest Based on Collective Intelligence

The success of companies like Uber, Airbnb and TaskRabbit are proving that the sharing economy is not a fad, and that collaborative consumption has the power to disrupt entire industries. A handful of brave entrepreneurs are applying this peer-to-peer model to financial services, allowing individuals to open source their personal finances by comparing their portfolio to others and making decisions based on community insights and feedback.

 

MILLENNIAL MAKER

Q & A HART LAMBUR AND YINON RAVID: CO-FOUNDERS OF OPENFOLIO


It's two for one this week, with our fabulous Millennial Makers Yinon Ravid and Hart Lambur. They describe themselves as "refugees from Wall Street" who realized the potential for sourcing and sharing community-driven investment insights. They founded Openfolio in November 2013 in an effort to bring openness, connectivity, and collective intelligence to personal investing.

 

READ MORE

 
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