Let’s start with the current generation of investors the options are endless, the latest is investing in cryptocurrencies with no basis to back out. Likewise, we invest in the new ideas of entrepreneurs by granting them equity or venture capital, where investors’ capital could theoretically become children.
Investing in shares has seen a huge boom in recent months, with younger investors opening Demat accounts to trade and invest in stocks. Structured debt products related to capital-protecting market indexes have also found a resonance.
Options in the 1980s and 1990s
What are the options for those in the 1980s and 1990s? The new movie 83 depicts the journey of the Indian cricket team to success at the 1983 World Cup. The scene where the captain goes to the laundromat to save money portrays the ecology of that era. Saving is the main point and investment will come later.
And investment options are mainly term bank deposits. It’s no surprise that many investors invest in chit funds, commonly referred to as “committees”.
It was during this period that the Indian financial system began to open up. The valuation of free shares and the abolition of the Capital Issuance Control Authority (CCI) began to take effect. And that gave a new impetus to the stock market. It was also in the early 1990s that equity as an asset class first began to work. And people think it can be a way to invest and build wealth.
Options in the 1950s and 1960s
During the 1950s and 1960s, people saved 4,444 hard-earned money to use on marriages, education, and festivals. Most people keep their savings at home, and only the wealthy have bank accounts and invest in time deposits. Gold is a preferred investment and the number of yellow metal tolas determines your wealth.
Over the years, investment options have come a long way. Many investors born in the 1950s and 1960s are tech-savvy and at the same time patient with the execution process, a habit the current generation must follow.
The cost of living and amenities available today is much higher than it was in the past. Today, you can save, invest and track investments at the touch of a button from the comfort of your home.
This is a far cry from the days when paperwork and investments took only a few days. Also, today we can again invest in all geographies with just one click. But each generation has brought a new perspective and learning for each generation to nurture and perfect.
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