With inflation nibbling away at our pockets, gone are the days when savings alone were enough. Whether it's investment “gurus” boasting about their “Get Rich Quick” schemes in YouTube ads, or the proliferation of financial adviser friends preaching the value of investing on their Instagram stories, the importance of investing has been drilled incessantly into our minds. So much so that half of the Gen Zs polled in the Franklin Templeton Next-Gen Investor Survey in 2021 believe they should start doing so early.
Yet, overcoming inertia at this age feels like an impossible feat, especially with competing demands vying for attention – internships, school work, and personal hobbies. To add, the torpedo of financial jargon and cryptic acronyms that were never taught in school may be daunting for beginners — think dollar-cost averaging (DCA), compounding, or trailer fees. But here’s the good news: while investing can be complicated,...