Investing with Creativity

Young people are more likely to invest in non-traditional ways including cryptocurrency and NFTs.

Mauricio Hermann-Richer, Staff Writer

Many students and staff at RAHS invest or trade different assets for their long term future. Trading is a huge new hobby in the younger generation but not so much in the older generation. Investing has always been popular though. 

Derek Wilson, economics teacher at RAHS, invests into many different assets. He believes everyone should invest. Wilson said, “I do think everyone should invest but the question is not whether they should, the question is how risky they should be.”

People invest their money in hopes of growing their financial wealth. When people just leave their money in the bank, it never grows. Instead the banks invest their money and tax their money. As the US Dollar decreases in value every year that means their money in their bank decreases every year. 

A big investment that is becoming very popular is crypto currency. Crypto currency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. 

Many people trade and invest to retire early or to have good retirement savings. This is why Mr. Wilson invests his money to retire with financial comfort. Wilson said, “I invest because I want to retire with a decent standard of living.” 

People have always exchanged their money for other currencies when traveling internationally. Now you can trade in the foreign exchange market (Forex) digitally on your phone. This is also becoming popular in the younger generation. 

AJ Ali, a senior at RAHS trades forex instead of the traditional stock day trading. Ali said, “Forex is more interesting than trading stocks and more profitable in my opinion. Trading cryptos on the weekend is more profitable as the stock market is closed on the weekend.”

Ali also believes everyone should invest their money. “People should grow their money and multiply their savings and be secure in the future financially. Not only for themselves but for their family. I invest into different types of cryptocurrencies. Bitcoin, Ethereum, Polkadot, Cardano and Ripple are the cryptos I believe will make me the most profit.”

Ali said, “I started trading and investing to create passive income and fund any aspirations I have like investing in real estate, going to college and traveling the world. Also I want to have generational wealth for me and my family.” He believes more people his age will learn how to trade to fund similar aspirations.