Banyan Hill Publishing’s Matt Badiali says that millennials simply aren’t investing or saving for retirement for the most part. The latest study he saw about this issue came from Vanguard Group and he’s also seen similar information from Time, Forbes, and CNBC among others. Millennials are currently between the ages of 26 and 37. 66 percent of them have no retirement savings at all. If they don’t get started soon saving for retirement there is going to be a crisis awaiting in 30 to 40 years. When people are young, retirement looks like something far, far into the future.
Matt Badiali says that at a minimum everyone who has access to a 401(k) should be at least putting away whatever their company match is. It’s basically free money a company gives employees to incentive them to save. This money really adds up over time. People should be looking to put away 10 to 15 percent of their income so that when they retire they will have the resources to be able to live they can lifestyle they are accustomed to. Matt Badiali is a writer at Banyan Hill Publishing where he has a newsletter called Real Wealth Strategist. He primarily writes about investing in natural resources. He has been at Banyan Hill Publishing for the last few years and wrote a similar newsletter for Stansberry Research for 12 years.
His educational background is in geology including earning a master’s degree in this subject as Florida Atlantic University. The subscribers who read Matt Badiali have enjoyed regular returns of double-digits or even triple-digits at times. He says that to understand how to invest in natural resources it takes an understanding of finance, how the markets work, and knowing the science. Since he has this background he is able to guide his readers in what natural resources they should be invested in whether it’s gold, oil, platinum, or others.