As the pandemic hit the global scene, numerous Filipinos have experienced a decline in their funds and income caused by the sudden rise of layoffs, health problems, and unexpected medical costs. Tight budgeting and allocation of funds helped them see the value of knowing how to properly manage one’s finances, especially during an economy’s trying times.
With the challenges faced, young adults in the millennial and Gen Z brackets showed more interest in investing, with some already practicing these concepts even after the pandemic.
In today’s financial landscape, these individuals are increasingly exploring the stock market. Especially with the convenience of more accessible stock market information and trading platforms at the tip of your fingers. And with these generations starting to embrace stocks as one of their means of financial growth and empowerment, it can be seen as a step in the progressive investment norms.
Building Wealth and Financial Independence
Gaining more side hustles and passive income to suffice the desire to experience new things or settle down in a more friendly space is the latest trend for these young generations. As a result, more and more are looking into stock trading and investing.
Not only do they see stocks as a path toward financial gain, but they also become a way to achieve personal milestones, future aspirations, and disciplined investing.
Technology in Investing
The world of trading and investing is becoming more accessible than ever. The surge of mobile and online trading platforms is a testament to this, offering young investors a promising future of easier access and greater control.
The relentless advancement of technology in the industry is a game-changer, fundamentally altering how these young adults perceive and engage with the market.
Rise of Finfluencers
Aside from earning from actual stocks, some people also earn money using social media platforms to advocate for and teach financial planning and stock investing. These influencers are referred to as “Finfluencers” or Financial Influencers.
With the widespread use of online platforms for easy access to information, these Finfluencers are instrumental in shaping the public’s interest in investing. Today, financial growth and independence content are readily available on various social media platforms, such as YouTube, Facebook, and TikTok, making financial advice more accessible and engaging for all.
On that note, the impact of social trends and influencers also shapes how young investors perceive and engage with the stock market. Discussions in the comment section and thread posts can also drive interest in investment strategies and specific stocks to invest in.
In a nutshell…
As time progresses, the market faces new trends and challenges that can help shape investors’ interests and sentiments about the market. With various information on the loose, it is still significant to reflect and assess the materials at hand consciously to avoid falling prey to false information and misconceptions. At the end of the day, whether new trends are something for you is still up to your assessment.
