How to become rich: Top investing tips for millennials and Genz to make money
Millenials are experiencing many transformations as the next phase. From payments and consumption, there is a conscious interest in investment options. “It is evident that this customer base explores simpler, self-enabled, and tax-efficient investment avenues – a strategic approach to building wealth in the early stages,"said Sarvjeet Virk, Co-founder, and MD, Finvasia.
Moreover, with their inherent attraction to technology, they naturally gravitate towards innovative digital features that streamline their trades and investments, while aligning with their financial objectives, Sarvjeet Virk added. Empowering millennials and GenZ with knowledge about smart money investments is crucial for their financial success. Rajesh Shet CEO & Co-founder, SahiBandhu is of the opinion that investing in gold is not just a time-tested strategy but also a timeless asset that transcends through generations.
Diversifying their investment portfolio with gold, in a world of uncertainty, provides a timeless store of value and acts as a hedge against inflation. "By embracing gold as a strategic investment, young individuals can safeguard their wealth, preserve purchasing power, and embark on a journey of long-term financial prosperity. Pro-tip to the GenZ while buying gold would be to opt for 22K, preferably yellow gold," said Rajesh Shet “It is advisable that the younger generation divides their savings between investment options that provide short-term liquidity and investment opportunities that offer long-term gains,"said Prashant A Bhonsle, founder of Kuhoo.
Read more on livemint.com
