More millennials and Gen Zs in Singapore are into investing, but their time horizon is terrible

 I saw this article in the Straits Times the other day.

This paragraph caught my eye:

Mr Lawrence Tan, ... observed another difference between the young investors and their older cohorts here. He said youth view long-term investing as staying invested for three years. For them, "five years is very long".

This is unlike their older peers, who are willing to stay invested for at least about 10 years, Mr Tan said. 

I am a millennial, but I definitely fall into the invest for 10 years cohort. 

If no effort is required of you, and you just have to leave the money as it is in the market, and it will continue to rise, isn't that good?

Young people have a lot of time on their side, and it is exactly this cohort that should have a long-term investment horizon. After all, a 65-year-old retiree can no longer afford to invest for 30 years right?

It is the young people that have the capability to make money through sheer 'holding power'.

As the saying goes, time in the market beats timing the market.

HODL.