Ultimately, building wealth and securing financial freedom is a long-term game. But there are other reasons why people in their 20s have the jump when it comes to investing, says Kamogelo Mosime.
Investing in financial instruments such as stocks, commodities and forex may seem like a task belonging to the world of"adulting". In the world of personal finance, the truth, however, is the younger you can start, the better.Start early, succeed sooner
By starting early, even with modest contributions, you allow your money to accumulate and compound over an extended period. Compound interest allows your investments to generate returns on both the principal amount and the accumulated interest, creating a snowball effect. In turn, this may give you the space and capacity you need to diversify your portfolio with more high-risk investments, knowing that you have a safety net if things don’t initially go as planned.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.Furthermore, in today's rapidly evolving technological landscape, the youth have a distinct advantage when it comes to making investment decisions.
This puts them in the best position to recognise and understand the value of emerging investment opportunities in sectors such as artificial intelligence, blockchain, cryptocurrency and e-commerce. Their innate understanding of these technologies allows them to spot potential growth areas and invest in companies that are at the forefront of technological advancement.People in their 20s also have the advantage of enjoying an unmatched level of access to the investment world.
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