High risk investing
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 17 December 2021
⏱️ 19 minutes
🧾️ Download transcript
Summary
Why has it become so popular for millions of young people? Has the failure of conventional nest-eggs, rising student debt and high property prices forced twenty-somethings into an ever riskier outlook - and what's the pandemic got to do with it? Nachiket Tikekar, a 23 year old student of business, tells Ed Butler why he decided to stick all his spare money into stocks and shares and why he's not scared of the markets crashing. This has all been made possible by the rise of low-cost online trading platforms like The Zerodha, which is India's biggest. Somnath Mukherjee runs its business and legal operations. Ed also speaks to Sarah Pritchard, the executive director of markets at the UK's Financial Conduct Authority who are trying target these risk adverse investors with warnings through new platforms such as TikTok. And Lesley-Ann Morgan has led a global study looking at investment trends, including for younger people, across more than 20 countries for Schroders Wealth management. She says thousands of young people have been saving as a result of forced lockdowns, and are feeling more inclined to ignore traditional investment strategies. (Picture of a young investor. Picture Credit: Getty Images).
Transcript
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| 0:00.0 | Hi, I'm Namulantacombo and my podcast, Dear Daughter, is available now. |
| 0:05.6 | It's a handbook to life for daughters everywhere. Find out more at the end of this podcast. |
| 0:12.8 | Hi there, I'm Ed Butler. Welcome to Business Daily from the BBC. Today, the young investors in India and beyond gambling on high-risk stocks. |
| 0:23.6 | I mean, it is a great opportunity if you are buying really good stocks. |
| 0:27.6 | The problem is greed. |
| 0:29.6 | I mean, if you are overly greedy and you want to get into intradite trading, |
| 0:34.6 | there is a chance that you would lose all of your money. |
| 0:37.7 | Whether it's option trading or crypto, has the appetite for risk increased with the pandemic. |
| 0:44.2 | And what's the effect? |
| 0:45.5 | I think the real question is how much have they got tied up in these types of investments |
| 0:50.8 | and whether or not they can actually cope with a 30 or a 40% fall, which we have |
| 0:56.6 | seen in some cryptocurrencies this year. |
| 0:59.0 | The young investor boom. |
| 1:00.8 | And what it means, Business Daily from the BBC. |
| 1:06.2 | The COVID crisis has made people realise that passive income is very necessary and that was one |
| 1:13.2 | of the factor that made me get into investing. |
| 1:17.0 | That's Natchiket. He's a 23-year-old student of business who decided to stick all his spare money, |
| 1:24.4 | well, mostly his dad's money actually, into stocks and shares recently. |
| 1:29.5 | The market is booming and the number of small-scale traders like him is said to have almost |
| 1:35.0 | doubled since the pandemic began in India. |
| 1:37.8 | Sometimes I feel a little bit worried. I mean, I have incurred one or two major losses. October month, I mean, |
| 1:47.0 | Indian markets crashed on another level. I mean, there was a massive correction to the market. |
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