Meet the general manager who tries to “increase the net value of the entire generation”

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Did you know that 34 % of European adults, or 113 million people, invest, according to the latter a report People and money de Black Rock?

Germany, the United Kingdom, France and Italy are countries that have more investors. However, for 56 % of the respondents between 18 and 34 years, the lack of knowledge or understanding is the main obstacle to investment, followed by a lack of money, mentioned by 52 % of the respondents. The fear of losing money and the absence of the other time was one of the main reasons for not investing.

Karl Hazley, the newly appointed general manager of FinyMize, the financial news platform and analysis, addressed the idea that the lack of capital represents an obstacle to investment.

“10-15 years ago it was correct that an amount of money was needed to think about investing. But this is no longer,” he said.

He emphasized that finimize expects to “increase the net assets of a full generation” by providing tools for users “to become their financial advisers.”

In this episode of “The Great Question”, Karl Hana Braun joins Hannah to talk about the importance of investment, especially for the smallest, while highlighting the current investment trends.

Does the millennium really need and generate investment?

Investigations indicate that in the next two decades, there will be an important transfer of wealth in the United States, at a value of about 73 billion euros, which will be transferred mainly to the hands of the tenth generation and thousands of years through inheritance.

This possible re -distribution of wealth has made this more important for young investors to learn to invest their money over time.

The current global economic conditions, such as high inflation, include the risk of purchasing power loss in the bank’s money.

“If the inflation is 2 % for 30 years: 1000 euros becomes 500 euros. If the inflation is 10 % for seven years, then these 1000 euros become 500 euros,” Hazley said.

“Investing in a diverse way helps you protect you from this effect, and it will make your money grow, at least with the same rate of inflation, and we hope. This means that when you reach more advanced stages of life, you have some savings that retire with it.”

Long -year life and health care is also more expensive.

Hazley said: “There is a generation of people, from the millennial generation on the rookie, which is moving towards retirement that, with an increase in the average life and improving medications, we will all live for a longer period and we will not have money to finance this retirement,” Hazley said.

“That is why it was not very important to benefit from education and that the modern retailers are investing.”

Flerts, websites and podcasts can help acquire knowledge about investment, with only 5 to 10 minutes a day, according to Hazley, who compared it to “learning the language”.

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“Over time, you will discover that you can join the points between the event and reaction,” he added.

However, it is very important to be wise when investing. Hazeli warned: “If someone guarantees you profit, or you are lying to you, or violating the law. No real investor can guarantee anything.”

Is it possible to invest to everyone?

The height of smartphones and online investment content has made investment easier than ever, according to Hazley.

Although finimize contributed to improving access to investment contents, there is still a long way.

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Hazley said: “I cannot say with certainty that it can be accessed as everyone should. I think it is a moving goal, the sector should aspire to. If it can be accessed, I think we will have a completely different kind of conversation, even on the same topic,” Hazley said.

Young people who invest grow increasingly the way they do.

About 42 % of the current retail investors said that they will not invest in something whether it does not coincide with their values, even if he is profitable, according to the modern investor in the second quarter of 2024.

Likewise, 48 % of the respondents revealed that moral investment was important for them. For the millennial generation, objective investments were particularly relevant, focusing on trends and climate.

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‘The big questionIt is a program from “Euronews Business” in which we talk to the leaders and experts in this sector to talk about some of the most important current panorama topics.

See in the previous video, the full discussion with Karl Hazley, General Manager of Finimize.