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Easy investment guide for Gen Z: Top tips from finance gurus

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Updated on: 30 June,2024 02:07 PM IST  |  Mumbai
Ainie Rizvi | ainie.rizvi@mid-day.com

Primary checklist before investing in stocks includes familiarising yourself with the business you wish to invest in. Stocks are nothing but owning a piece of business, so put your money in stocks whose business you understand

Easy investment guide for Gen Z: Top tips from finance gurus

Image for representational purposes only. Photo Courtesy: iStock

Gen Z is stepping up as a new wave of tech-savvy investors, ready to dive into the stock market world. According to the study, "Investment preferences among youth in India" (2023), savings accounts and stocks emerged as the top preferences among Gen Z and millennials. While SIPs (mutual funds) and gold continue to maintain their traditional stronghold, crypto slumped, with only 18 percent of young investors favoring it. Also, PPF and National Pension Schemes remained the least lucrative investment options for the particular age group. Experts opine that young working professionals are drawn to investing for a bunch of reasons: the rise of finance content creators on social media, and other online platforms like YouTube making financial information super accessible.

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