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.
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