Generation Z investors: What Drives their Investment Decisions?

Generation Z investors: What Drives their Investment Decisions?

Written by AQUMON Team on 2022-01-07

Every generation has their own unique approach to money and personal finance. GenZ (Those born in  ~1997-present), a generation that is often stereotyped as having abundant resources and a carefree attitude towards money. Yet, according to the World Economic Forum, 64% of Gen Z have already begun researching on their own or talking to others about financial planning. In addition, 46% have made personal investments in 2020 according to Bloomberg.

 

In this episode of Money Talk, we are thrilled to invite Sammy and Tina, 2 CUHK students to share their view on how their generation is taking a more pragmatic approach to money.

 

 

Tell us about yourself! 

 

Sammy: I am Sammy, currently studying Global Business at the Chinese University of Hong Kong, and I am going to be a Year 2 student. 

 

Tina: I am Tina. I am also studying Global Business at the Chinese University of Hong Kong, and I am Sammy's classmate.

 

 


Rapid-fire Questions:

 

"Do you have any pocket money?" 
 

Sammy: No.


Tina: No.

 

"Do you support your family and how much?"
 

Sammy: Yes, HK$2,000.


Tina: Yes, HK$1,500.

 

"Who do you think makes more money?”
 

Sammy: Me.


Tina: Sammy, he received more than HK$100K in scholarship grants!

 

"Top 3 spendings?”
 

Sammy: 1) Transportation 2) Food 3) Dating.


Tina: 1) Food 2) Transportation 3) Shopping.

 

"How long have you been investing?" 
 

Sammy: Half year.


Tina: Few months.

 

 

Why would you invest?

 

Sammy and Tina: We want to earn a living. Since we are still in school, income earned from part-time jobs or internships might not be enough to support our daily spendings. Therefore, investment offers us an additional source of income. 

 

 

What’s the biggest hurdle when it comes to investing?

 

Tina: As a university student, the lack of knowledge about the financial market is the biggest obstacle to investing wisely. It’s often confusing to start as I am not sure which investment product suits me. It is also difficult to distinguish the difference between trading platforms or to assess the profitability of each stock. 

 

Sammy: I share a similar view with Tina. The biggest obstacle to investing is to research and compare a myriad of stocks, funds and ETFs. After all, our daily activity as university students is studying and we are not able to allocate a lot of time on screening and researching the stock markets. 

 

 

What financial advice would you give to each other?

 

Tina: Invest apart from saving.

 

Sammy: Absolutely! The savings that sit at the bank will be depreciated over time given the inflation. The investment could help offset the inflation and maybe you can earn higher than the inflation rate.

 


How do you know about AQUMON?

 

Sammy and Tina: I learned about AQUMON in CUHK when I was working on a case study about the brand, we had to study the market of robo advisory providers in Hong Kong. As I gained a deeper understanding about AQUMON, I decided to set up an account and try out their automated smart investments.

 

 

Why would you use AQUMON?

 

Tina: As a university student and newbie to investment, it is difficult when we first approach the topic. Yet, it is a perfect time for us to invest more aggressively as we’re not spending too much and have less responsibilities towards maintaining the family. 

 

AQUMON is a perfect platform to learn how to invest as it categorizes different types of investors and provides personalized services to cater to their investment needs. We can easily find suitable portfolios or financial products on the platform even if we do not have much knowledge about financial markets.

 


Sammy: It is time-saving to use AQUMON. It recommends the most suitable investment products and helps us invest in quality stock portfolios. 

 

 

If AQUMON were a person, how would you describe him?

 

Sammy: AQUMON must be a genius. I opened an account with AQUMON about 3-4 months ago. Back then, the U.S. Technology Stocks plummeted, but my AQUMON portfolio was able to navigate the market downturn and achieved positive returns.

 

Tina: An organized person as it helps investors sort and classify a variety of financial products in the market. Besides, it provides insightful blog articles that help investors learn about how to achieve their financial goals.

 

 

What does money mean to you?

 

Tina: Money is a tool that allows me to achieve my goals and to invest in myself. 

 

Sammy: Money is a tool. For instance, I would spend the scholarship money on learning a new skill, enrol in a course or use it for upskilling to realize my goals. 

 


What is your investment goal in 10 years?

 

Tina: I would like to provide a stable and high-quality life to my parents.

 

Sammy: I would like to achieve financial freedom and take my family on trips.
 

 

 

 

 

 

 

About us

AQUMON is a Hong Kong based award-winning financial technology company. Our mission is to leverage smart technology to make next-generation investment services affordable, transparent and accessible to both institutional clients and the general public. Through its proprietary algorithms and scalable, technical infrastructure, AQUMON’s automated platform empowers anyone to invest and maximise their returns. AQUMON has partnered with more than 100 financial institutions in Hong Kong and beyond, including AIA, CMB Wing Lung Bank, ChinaAMC, and Guangzhou Rural Commercial Bank. Hong Kong University of Science and Technology, the Alibaba Entrepreneurs Fund, affiliate of BOC International Holdings Limited, Zheng He Capital Management and Cyberport are among AQUMON's investors. 

 

The brand is held under Magnum Research Limited and is licensed with Type 1, 4 and 9 under the Securities and Futures Commission (SFC) of Hong Kong. AQUMON is also licensed by the U.S. Securities and Exchange Commission (SEC) and the Asset Management Association of China (AMAC).

 

Disclaimer

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