Should Young Generation Follow Parent’s Investment Advice?

Today's young generation has earned a nickname for themselves as spendthrifts. The parents of these young people who know the value of money are often worried about their spending habits and they desperately try to advise their wards about the importance and value of the hard-earned money. Some of the youngsters do listen to their parental advice and park their earned money as suggested by their parents.

But most of the people of the older generation advice their children to invest in the traditional form of investment tools like saving deposit scheme, fixed deposit, recurring deposit, insurance plan, purchase of gold, assets like house and so on. But is it worth to blindly go by the parental advice or is it better to do some basic homework by doing some research work before setting off the investment journey?

Let's check the list of parental financial advice which may not suit the present generation.

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