Prioritize Your Health Above All: Insights from Mark Mobius for GenZ Investors
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New Delhi, Dec 4 (NationPress) As the GenZ generation seeks to amass wealth rapidly, esteemed global investor Mark Mobius has a crucial piece of advice: Prioritize your health first.
In a conversation with IANS, the 88-year-old Mobius shared insights from his latest publication titled ‘The Book of Wealth: A Young Investor's Guide to Wealth and Happiness’, where he emphasizes that maintaining health should be the top priority.
“Look after your health. You might achieve wealth, but without health, it won't be a fulfilling experience. Ultimately, patience is key,” remarked Mobius, who manages the Mobius EM Opportunities Fund focusing on emerging markets.
He noted that “while some individuals may strike it rich quickly due to their skills, luck, or a mix of both, the majority should take a strategic approach—invest in quality stocks, hold them, and patiently await returns.”
According to him, “good stocks will consistently perform well.”
Regarding investments in gold and silver amidst geopolitical uncertainties, Mobius advised that a portfolio should always include physical gold.
“I suggest allocating around 10 percent, or possibly even 20 percent of your portfolio to gold. However, 10 percent is a solid recommendation. In the end, equities are preferable,” he stated.
He believes that all stock markets are currently thriving, but changes are imminent, and it’s inevitable that markets will decline at some point.
“The real question is when will that happen? The silver lining is that bull markets tend to last longer than bear markets, and bull markets typically rise more in percentage than bear markets fall. Thus, it’s wiser to remain optimistic rather than pessimistic,” Mobius conveyed to IANS.
“I am confident that the bull market in India, despite some corrections, will continue to flourish as the nation progresses towards a stronger economy with elevated growth rates,” he concluded.
