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2024: Your Guide to a Year of Smart Moves and Savvy Investments! 

Dec 19, 2023 | Investors

Preparing to be your best possible self in 2024? Thinking about making your savings work a bit harder? Considering dabbling in investing as a side hustle?

We’re right behind you! The game is changing and the playing field is levelling, making it easier than ever for the younger generation to start investing and make some noise with their cash. 

Here’s a sneak peek into what’s influencing Gen Z-ers’ investment journeys, and what you might want to consider as we step into the new year: 

  1. Sustainability and ESG Focus:

Money talks, and sustainable companies are in-vogue. If supporting companies that walk the eco-friendly talk and champion social responsibility is what gets you excited, then put your money where your values are. 

Wading through green-washing isn’t easy, but The Impact Investor has some useful tips for picking sustainable investments.

  1. Technology and Innovation:

You’re the tech-native generation, so anything innovative and disruptive probably has your attention. Keep an eye on renewables, blockchain, and AI. Investing in the future means riding the tech wave, make sure you’re along for the ride.

NerdWallet has some good info on top performing tech companies and funds.

  1. Cryptocurrency Adoption:

Eyeing those digital assets? With more user-friendly platforms and better education, diving into Bitcoin and altcoins might be on the horizon. Cryptocurrency is complex and risky, so make sure you do your research (Investopedia and Binance Academy are good places to start), and don’t invest more than you can afford to lose. 

Other than that, it’s where finance meets the future – it’s your playground.

  1. Social Media Influence:

We practically live on social media, so why not make it work for your investments too? YouTube, X, TikTok – these platforms are full of useful information and a diversity of thought. If you look in the right place, they might just become your go-to for investment tips. Check out our previous blog to make sure you’re picking your investment experts wisely.

  1. Access to Fractional Shares:

Breaking news: You don’t need to be a millionaire to invest in big-shot stocks. 

Platforms offering fractional shares mean you can own a piece of the pie, even if it’s just a nibble. Diversification, here you come. Apps like Robinhood allow you to buy fractional shares in the UK.

  1. Education and Financial Literacy:

Gen-Zers have their heads screwed on, you guys know the value of education and are pretty savvy in educating yourselves before making a move. Financial literacy will sort you out for life, and investing is just another avenue to learn about the world.

  1. Remote Work and Digital Nomadism:

You want to live in a world that embraces remote work and flexibility? You can support these trends by giving a spot in your portfolio to companies that share this vision. 

It’s not just about making money; it’s about investing in the lifestyle you want.

  1. Health and Wellness:

Financial markets reflect real life, and self-care isn’t just about face masks and yoga – it’s also attracting a lot of cash. Think plant-based foods, fitness tech, and mental health platforms. These markets are growing quickly, because what’s wealth without health, right?

  1. Diversification and Risk Management:

You’ve seen economic rollercoasters, and you’re not here for the wild ride. Diversification and risk management are your BFFs. Robo-advisors and automated portfolio wizards – they might just be your trusty sidekicks.

  1. Community and Collaboration:

You’re not in this alone. Community matters. Social media forums and investing platforms that bring people together, share insights, and let you make decisions as a squad – that’s power. Because who says investing can’t be a team sport?

As you step into the investing world of 2024, remember, it’s about making an impact. Bring your values, tech prowess, and collaborative spirit to the table. Here’s to a year of smart moves and savvy investments!

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