No, this is not about what will happen in the future. This is more an observation of what is already happening.

  • Younger people are wondering whether the MF industry is adding value
  • Many investment clubs are encouraging people to invest directly in equities instead of mutual funds
  • P2P lending is trying to bypass the bank
  • banks are becoming irrelevant with E wallets
  • many youngsters have not seen the inside of a bank
  • many youngsters go to a bank once in a year for some paper work
  • younger people do not like to interact much with people
  • younger investors and clients are far more computer or mobile friendly
  • even when they get a chance, they prefer E dealing rather than talking to bankers
  • most of them have a sip because of parental nagging
  • most of them are too lazy to start a new investment
  • some of them do look for get rich quick schemes, but most of them are sensible too
  • marriage is avoidable, but many are getting married, albeit reluctantly
  • most of them are not afraid to walk out of a bad marriage, but some still worry
  • they take small risks for learning – so P2P, direct equity, etc. do happen
  • none of them consider gold as an investment
  • most of the girls think of gold jewelery as a waste of money
  • their big expenses are more like electronics and nor jewelery

please add your views!!

  1. I am in my mid thirties and since my account was started about 13 years ago, i have not visited my bank branch even once – Online banking / Mobile banking of is highly efficient.
    Am now seeing in my office: few guys who “invested” (lol) in bitcoin and lost 1 Lakh in 2 days (made a futile attempt to not trade…but was met with contempt..so had to keep quiet). My colleagues…who are 22-27 years of age…are more into making quick money …even though I did a small session on Goal based investing and building wealth (to whatever extent I know). Some (who are above 31…asking me how to make money in 5 years in MF, but not willing to learn). Even if i give resources …such as this blog , pattu ( from whom i learnt)….many want quick solutions.
    Nowadays..i am also observing that many of suffering from Attention deficiency..the attention economy to blame partly. very narrow and short attention spans. Lots of whatsapp groups flouting buy this – sell that – hold it for long term of 2 months or 8 months !!

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