The fear of missing out (FOMO) amongst younger people, especially Generation Z, can significantly impact an investor’s risk appetite, delegates heard.
Speaking at our PA360 event today (1 May), Albemarle Street Partners managing director Charlie Parker told delegates about the social element of investment. "Investments have always been more social than we admitted," he said. "One of the drivers for people making investment decisions is how does this make me feel in a social group," Parker explained. "Investment decision-making has always been more connected to social status than our processes acknowledge." "This trend is now accelerating," he noted. Parker then noted that Gen Z "invest more than we think". "They are much mo...
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