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Mark Cuban says the best investment you can make in this tricky climate is to pay down debt, whether it be your mortgage, your student loan, or, of course, your credit card. The various generations apparently agree with the Dallas Mavericks owner.
According to a survey from LendEDU asking where you’d invest a $10,000 windfall, getting back to even emerged as the most popular choice across all generations, with 27% of the vote. Real estate came in second, followed by a savings account.
At only 7.2%, the stock market is way down the list.
The Visual Capitalist blog used the numbers to create this illustration — the chart of the day in our daily “Need to Know” column:
Interestingly, a fair number of millennials are still interested in throwing money into the struggling crypto market, with more than 9% opting to put that $10,000 toward the likes of bitcoin BTCUSD, +0.58% and Ethereum.
Only 6.6% of the younger age group, by comparison, would look to the stock market with that wad of cash. Considering the recent weakness, that might be a good call.
Then again, the Dow DJIA, +0.19% is up over 300 points in Monday action.