In a new interview, Keith Parker, UBS' chief US equity strategist, offered suggestions for how millennials can better handle their money in the future. Parker said, "Save when you're young. The benefits of annual compounding interest when you don't need the money now is tremendous." In comments to Business Insider, Parker added, "Investing early, and investing in growth assets like equities, is recommended. Diversify exposure as well, possibly looking outside the US into something like emerging markets." He goes on to say, "Stay with secular themes. Over the long run, certain sectors and industries have defensible business positions — in technology, healthcare, and industrials — will outperform during this."
