Youth perceptions on investing…

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Investing and savings are key drivers when it comes to laying a foundation for one’s future. Investing can be defined as laying money or capital into buying an enterprise or shares with the expectation of making profit or having interest.

 Many people consider investing and saving as one of the critical issues to their lives. When looking at investing the major concern amongst the young people of Bulawayo, Zimbabwe. Is the culture of investing instilled in the minds of young people? Are the investment opportunities friendly for young people or are there investment opportunities to talk about in Zimbabwe? Can the economy be the centre of this conversation as we talk about Young people and investing?  Can we advocate to have investing and savings as part of the school curriculum?

The subject of investing and saving has been practised by the older generation, some joined policies from bigger institutions such as Old Mutual, First Mutual which offer them savings plan. These plans are drawn so that the client can be able to save their money each monthly. Such policies allow the clients to withdraw the money with interest when it fully matures. However the economic crunches the country has gone through and continues to go through has seen many people losing interest in such policies due to past experiences of losing their money.

Again some still believe in investing in such companies and continue to invest. Farming is one of the areas where people resort to invest their money. It can be investing in cattle ranching, piggery, poultry, crop cultivation, bee keeping. When looking at farming the key question that arises amongst young people is how will I acquire the land, as am unemployed?

The government of Zimbabwe should also look at empowering the young people by issuing land to them. What is the role of the government in making sure its younger people benefit from the natural resources? Has the government worked with young people in allocating them mining quotas? This calls for concern from the government to look into how the young people will be benefit from the natural resources?

The primary industry in Zimbabwe can be viewed as one of the key drivers when we look at the growth of the economy and many believe it brings higher returns but have the young people been benefitting from this? Or it’s only the chosen elite?

Is the culture of investing instilled in the lives of younger people at a tender age? This is one of the potent questions many would ask when looking at the route young people have taken as far as seeking investment opportunities. In the school curriculum the ministry of primary and secondary education should include investing and savings as a subject where school pupils are taught on the importance of saving. This can be viewed as having the future in mind when we looking at our education sector.

Many youths prefer to buy shares and units from bigger companies, this can be viewed as an investment for the future, however do they know which company to buy these from? What are the key factors one looks at when buying shares or units, yes the market share can be one of the biggest factor. Shares help one get dividends at the end of a certain period.

The culture of investing should be an everyday life for the young and the old. Thinking about the future generations is one of the great achievements that young people should look at in Zimbabwe. This can only be achieved through starting to invest. Investing can be done to your community, to companies. Building a school for the community can be viewed as investing into the future.  Teaching young girls how to start their businesses and how to become entrepreneurs and contribute towards the growth of the economy is a step that reflects investing into others.

Article by

Brighton Ncube

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