Twitter Calls Privilege After Edelweiss CEO Reveals She Invested In Equities For Son Since He Was 6 Months Old
Actually, Twitter makes sense here!
It is extremely important to know financial management from a young age, basically from the time when you start earning. Even though “Not saving” has become a cool thing today, wise people certainly do not believe in this. The importance of saving will never go out of style and it is necessary to inculcate this habit from a young age. Currently, a tweet by the Edelweiss CEO Radhika Gupta has taken the internet by surprise. The CEO revealed the age at which the three generations of her family started investing in equities. The age of her child will definitely leave you in shock! However it has left Twitter divided.
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Edelweiss Managing Director and CEO Radhika Gupta took to her Twitter handle to reveal the age at which the three generations in her family started investing inequities. Through this post, Radhika Gupta wanted to stress the importance of financial independence. Radhika revealed that her father started investing in equities 40+ years whereas she insulated this habit when she was just 24 years old. However, Radhika Gupta’s son is way ahead of their grandfather and mother, because investments in his name have started from the age of 6 months only.
Age at which each generation started investing in equities:
Dad: 40+ years
Me: 24 years
Son: 6 monthsFinancial freedom is about starting earlier and earlier!
— Radhika Gupta (@iRadhikaGupta) August 15, 2023
Many users on Twitter seek her opinion on the best schemes to invest in for their sons or daughters. Others hailed her and shared their ideas of investments too. However, one Twitter user pointed out that only privileged kids can afford to start investing in equities from such a young age. While many people praised Radhika’s efforts to increase awareness about investments, others also called it a senseless post.
https://twitter.com/sagarbhalekar_/status/1691741352940449885?s=20
This. It doesn't matter even if you start with a small amount as long as you start. https://t.co/NhyPek0PcJ
— Salonee Sanghvi, CFA (@QuirkyLogic) August 15, 2023
Interesting and this is getting better..@iRadhikaGupta due to this chances are people can start thinking of retirement at the age of 40+…all efforts of MFDs will give fruitfull results https://t.co/MbD9Cw4RHR
— Kaushik Gada (@CaKaushikgada) August 16, 2023
Well informed parents will raise financially litreate kids! https://t.co/o5PZKsqi6E
— Kriti suri (@Kritisuri) August 15, 2023
Why should parents invest for the financial freedom of their kids?
Shouldn't that be responsibility of the kids? How else would they become prudent towards their savings/spending?
My kids' retirement funding should not be my problem or responsibility. Education/guidance, yes. https://t.co/YOyhgXe4Z6— Praveen Verma (@Praveen09166903) August 16, 2023
Definition of a 'kuch bhi' post is this.
At 6 months of age a kid can't even spell equity leave alone investing.
It's a different thing if the parents have made some equity investments on the child's behalf which usually carries mandatory nominee & withdrawal clauses. https://t.co/v0ndwkX35A
— Straight Talk (@gssr_1039) August 15, 2023
Also Read: From Insurance Policies To Investments, 4 Effective Ways To Save Taxes And Do Adulting Right!
Radhika Gupta’s tweet went viral in no time and made headlines. Well, the comment section under this post is definitely something to go through once. It is a healthy debate and a conversation that needs to be considered important among the young.
First Published: August 16, 2023 5:27 PM
