Families invest in the future

Families invest in the future

By Faten Omar

KUWAIT: There is never a bad time to start investing, as it is difficult to know what the future holds. After the COVID-19 pandemic led to a financial crisis, many families started to invest in their future. Kuwait Times spoke with citizens and residents to learn more. Salman Al-Qatan believes the future is in cryptocurrency and it will replace traditional fiat currencies in the future.

“Cryptocurrencies are not subject to inflationary pressures, can be used anonymously and have the potential to provide a high return on investment,” he said. He affirmed that despite the risks, if people invest in the right cryptocurrencies, the value of the investment may increase much more than if they invested in stocks only.

For Abdullah Wael, the stock market is worth studying due to its huge returns – if people buy the right stocks. “The stock market is full of options. It can be affordable, so people can buy more in the future. If the investment is for over at least 20 years with continuous stock dividends, you can actually end up with some great money for your retirement, children’s college expenses, weddings or other expenses,” he explained.

There are different areas for investing money. Mai