youth (‘Millennials’) are being attracted by alternative investment opportunities and are preferring to acquire stake in property through new age investment product ‘Fractional’ i.e. investing small amounts of money in property. The share of youth in this investment product has reached 60 percent. 9 out of 10 investors take decisions based on their own research. That means 90 percent of investors have confidence in their own research. Digital investment platform Grip Invest has come to this conclusion in a report on Thursday. When investing, ‘Millennials’ (those born between 1981 and 1996) are now looking to gain a stake by putting small amounts of money into properties. Their inclination towards this is continuously increasing.
Dominance of investors under 40 years of age
Grip Invest said in its report that two-thirds of the investors on its platform are youth (Millennials). There are currently over 26,000 investors on Grip Invest. These investors have used this platform at least once. According to the report, 60 percent of the total orders are from investors below 40 years of age. Investors aged 21 years are preferring ‘fractional’ investments which give higher returns. Additionally, 77 percent of users on the platform prefer a hands-on approach to investing and making decisions based on personal research.
Emphasis on risk management also
According to the report, ‘Millennials’ are in first place with 65 percent share. At the same time, 20 percent investment is being made by ‘Generation X’ i.e. people born between mid-1960 and early 1980. In the last two years, alternative investments have attracted young investors and they are preferring it. This generation (Millennials) is choosing a risk-adjusted approach to investing whereas earlier a risk-averse approach was preferred.
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