The advent of new financial products and services is encouraging economic participation among people

the advent of new financial products and services is encouraging economic participation among people

Sumary of The advent of new financial products and services is encouraging economic participation among people:

  • Financial literacy has gained another significant level in the modern world as many people are fostering investment practices to grow and ensure financial security after retirement.
  • The advent of new financial products and services is even encouraging economic participation among people.
  • However, without a proper understanding of the investment market, the chances are highly likely that you would end up jeopardizing your financial health.
  • Handout Lately, people from the age group of 31-35 years have started to consider the stock market as a promising investment avenue and are ready to invest in it.
  • However, studies have found that most stock market investors are new or fresh investors who are invested in the stock market for not more than one year.
  • Therefore, they require adequate financial knowledge to survive and grow in the volatile marketplace of stocks.
  • Keeping this in mind, Kanishk Gupta started a small Stock market training company Incomet in 2019 to spread stock market awareness among new and budding investors.
  • Financial literacy is directly related to financial decision-making.

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