What should millennials invest in — stocks or cryptocurrency?

SINGAPORE — Stocks may be the most well-known and simplest type of investment, but cryptocurrency seems to be the next big thing in recent years too. What then, should millennials choose to invest in — stocks or cryptocurrency? And is there a better option?will focus on different aspects of millennials and their finances. In this first part, we discover whether it’s better for millennials to invest in stocks or cryptocurrency.First things first, it is important to know what you are dabbling in.

Echoing a similar tune, Asheesh Chanda, CEO of Kristal.AI, a digital-first private wealth platform in Singapore, said: “Investing should be seen as being a variety of modes of transport for people to reach their goals. Each mode offers certain benefits and incurs certain costs.” However, he also cautions: “It is one thing to see your returns grow, but another to be greedy. I think it is important to draw a balance especially if you don’t really have solid financial knowledge.”

“At least part of the potential return from stocks is speculative, and at a minimum, there is just too much uncertainty. I recommend focusing on more important financial goals like planning for a house because that’s the reliable, tried-and-tested stuff,” said Chuin Ting Weber, CEO of MoneyOwl, a bionic financial advisor.Despite that, it seems that cryptocurrency is also making waves globally as a possible investment option for youths.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UPDATE 1-Buffett's Berkshire buys Citigroup and several other stocks, slashes VerizonBerkshire Hathaway Inc on Monday said it added new investments in Citigroup Inc and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash. In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in Ally Financial Inc, chemicals and specialty materials company Celanese Corp, insurance holding company Markel Corp, drug distributor McKesson Corp and Paramount Global, formerly known as ViacomCBS.
Source: YahooSG - 🏆 3. / 71 Read more »

Hong Kong stocks rise more than 3% on China easing COVID-19 lockdownsHONG KONG: Hong Kong stocks rose by more than 3 per cent on Tuesday (May 17) afternoon following news of Shanghai authorities saying that the locked-down city will gradually reopen businesses.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »