Before the arrival of the internet, Dealing and financing were the protection of the money that could manage to buy a private financer. Later, with the development of telecommunications and affordable services only, investment became democratic.
Millennials and Gen Z feel more pleasant with self-operating and do not see the value of traditional investing advice.
In the new generation of digital transformation, those who wish to relax the market can easily approach online exchanges and choose to invest in stocks, bonds, forex on xm and cryptocurrencies, authorizing young people with less expendable income to experience financing and dealing themselves.
The power of technology
“The investment style of the Millennium is very different from that of previous generations,” said Neil Gourlay, director of financial services at Accenture UK. “Many years see technology as part of the procedure, with 67 percent expecting computer-generated advised as part of the procedure.”
At the same time, 66 percent of millennials want an autonomous financing site with access to a consultant, in contrast to only 25 percent of Generation Xers and baby boomers. These are digital bushmen who want to be independent in their financial decisions and see anything but a simple, straightforward customer experience. They want to control their monetary journey as much as possible, he said.
Millennial investment is a growing market.
Richard Cobb, an independent economic partner at the law firm Michelmores, says the value of thousands of years and investment in protective equipment is growing.
“Thousands of rich people are increasingly free to use technology to manage their finances, believing that it gives them greater control over other investment management methods,” he said.
According to Jonathan Warren, Altus says the internet has created an era of information candidates who know that such information about the firm or their financing is already available.
“Blogs, online forums, mobilizers, apps and online platforms provide access to professional information, analytics and tools that are highly transparent,” he said. “Millennials and Gen Z feel more pleasant when they are in control and do not see the value of traditional monetary advice.
Deeply disillusioned with technology, they show a high reliance on technology solutions, especially when it comes to the cost and financial security needed to get advice. ”
New ways to invest
Kerim Derhalli, owner and chief executive of financer, an investment program, says that as older eras continue to increase the price of shares, equities, and commodities, they finance in areas they feel they can pay for thousands of years, like cryptocurrencies and tech bonds other financiers.
“Digital investment platforms reduce the investment bar, opening up more opportunities for young people,” he said. “Big organizations are faulting to talk with young financiers because they have not realized that finances are not always related to this new audience.
“Millennials and Gen Z are deeply worried about the social and environmental result of their financing, which firm players often understand and certainly do not look at honestly.”
What has been offered to Financers for Many of years?
Samuel Leach, a spokesman for TED and director of Samuel and Co Trading, says: “From Transmitting webinars to social media websites, it is easier than ever for customers to try their hand in the stock market.
Hector McNeil, chief executive officer of HANetf, states: “Millennials don’t buy as their parents do, they don’t use the media as their parents do, and they don’t invest as much as their parents.
“Amazon Prime generation wants digital to be first, fast and easy, and this increases financial services and financing experience. This means that many apps and automated services such as saving as you spend money and spending money as you spend money make investing easier and less time-consuming than meeting face-to-face or calling a financial advisor. ”
How many people would never have a financial advisor who could build a high-quality global portfolio at a very low cost and with technical support?
How do platforms reach the new generation?
According to Hector McNeil, chief executive officer at HANetf: “The types of financing business and monetary services are developing to remain relevant to young financiers; almost everyone will now have blindness of a mobile app, Twitter, Facebook or Instagram account.
Many are changing the way they talk, break out, look traditional, and produce more multimedia content, video, blog, and podcast instead of sending monthly books and inaccessible long-term reports.