Glen discusses a range of difficulties young professionals experience when pondering investing.
Young professionals are doing without smashed avocados and toast and saving tens of thousands of dollars in cash, but they don’t know how to invest the money.”There are so many options with what they can do with their money that they end up with choice fatigue and as a result they do nothing,” Hare says. In some cases, people are saving for a home deposit but they are more cautious about buying a house due to the recent softening of the property market. Others are putting aside surplus income in their savings account but are not sure which investment route to take.