Only 23, he has $200k in investments: More Gen Z youth start growing their wealth

Growing number of Gen Z youth have started to invest amid economic uncertainty

Cleaning company director Jimmy Tey, 23, is among a growing number of young people who are investing to grow their wealth. He has about $200,000 invested in equities and endowment plans.
Cleaning company director Jimmy Tey, 23, is among a growing number of young people who are investing to grow their wealth. He has about $200,000 invested in equities and endowment plans.ST PHOTO: GIN TAY

Cleaning company director Jimmy Tey is only 23, but he has already invested about $200,000 in equities and endowment plans in an effort to grow his wealth.

He is among a growing number of those in Generation Z, aged 18 to 23, who are cashing in on bearish markets amid economic uncertainty.

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A version of this article appeared in the print edition of The Sunday Times on November 22, 2020, with the headline 'Age: 23 Investments: $ 200,000'. Print Edition | Subscribe