Diversify across assets instead of focusing on concentrated short-term allocations
Many investors who had started investing in the last two years, are experiencing their first bear market. None of the preferred investment products of Gen Z—cryptocurrencies, NFTs, e-commerce IPOs, stocks—have been spared. These investors are too young to remember the rout of 2008 and having only seen insane valuations and returns, are finding it difficult to accept losses. All those who mocked simple, sound, cautious advice as being old fashioned are astounded at how quickly things can go bad.