Young Poles lead investments in the second quarter of 2021
23:35
Young Poles are becoming more and more aware of the need to set aside funds and multiply them. Moreover, they choose not only fully safe financial instruments. 37 percent of people up to 24 years old declare that they invest in various assets. This is an increase of over 15 pp. compared to the first quarter of this year. Similarly, the willingness to multiply savings is shown by the respondents in the 25-34 age group (39 percent). This value also increased, in this case by 12 pp., according to a study by Tavex. It is worth emphasizing that only less than a quarter of people over 50 decided to invest in the analyzed period.
Young people's preferences have changed over the months. It was largely influenced by recent events and reports from financial markets. In the responses of people under 24 years of age, there is a trend towards bitcoin. Cryptocurrencies were chosen as the most common investment method (30.2 percent), followed by mutual funds (26.8 percent). Real estate was in third place (28.9 percent). It is also worth paying attention to gold, which made a big advance in the ranking – by almost 22 pp. The royal ore was chosen by as many as 25.3 percent of people.
"We are glad that young people started to move away from duplicated patterns and understood that nowadays placing on deposits is an unprofitable move. According to our research, this asset was indicated by only 22.5 percent of respondents in the youngest group, which is a result of 15.5 pp lower than before," Aleksander Pawlak, CEO of Tavex, said.
"We notice that a lot of young people invest in cryptocurrencies. Remember, however, that the crypto market is very volatile. Recently, many investors have had the opportunity to find out about it through considerable fluctuations in both BTC and ETH. However, I hope that this situation and experience will not discourage young people from further education and investments. Remember that diversification of your asset portfolio is the key to success," he added.
(WBJ)
