Do younger S'poreans have lower confidence in CPF?

A poll finds that many of those aged 21 to 40 prefer to rely on own investments for retirement

More young people are turning to investing as a core activity of their financial planning.
More young people are turning to investing as a core activity of their financial planning.ST PHOTO: KUA CHEE SIONG

Many parents would be pleased and a little relieved to hear their children talking about the value of money and making investments, but that warm feeling might suddenly disappear once they realise their offspring are actually using real hard cash for their risky ventures.

That powerful parental desire that their children become successful and rich when they are adults takes on a whole new meaning when youngsters in pursuit of high returns are exposing themselves to the traps that lie in every financial market.

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