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Barry Schwartz spent most of March trying to talk his clients off of two distinct ledges.

A typical hour might have seen the chief investment officer at Baskin Wealth Management try to convince an emotional retiree to not panic and cash out, before having to pivot and temper the bet-it-all instincts of a millennial client with $50,000 burning a hole in their pocket.

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While the former was not unexpected for the wealth management veteran, the latter was something new. And it wasn’t just one or two millennials under his care wanting to buy the dip after stocks plunged 30 per cent — it was all of them. The millennial generation may have a lousy reputation as investors, but they’ve played this stock market swoon better than their baby boomer rivals, Schwartz admits.

Certainly I learned a lesson that (millennials) had the foresight and the patience and a longer-term lens than we gave them credit for Barry Schwartz, chief investment officer at Baskin Wealth Management

“There was a knock on millennials that they weren’t the brightest investors,” Schwartz said. “Certainly I learned a lesson that they had the foresight and the patience and a longer-term lens than we gave them credit for.”