ABU DHABI // Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attended on Sunday, along with Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the first round of the Sheikh Mohammed bin Rashid Endurance Festival, held in Tuscany, Italy.
The round, dubbed the Tuscany Endurance Lifestyle, saw UAE riders dominate.
Sheikh Hamad bin Dalmouk Al Maktoum won the 160-kilometre race, riding Souletoile de Sommant, in 7 hours 14 minutes and 35 seconds. The Italian champion, Costanza Laliscia, riding Za’Amah, finished second, just a few strides behind.
Competing in the round were 150 riders from 14 countries, reported Wam, the state news agency.
The festival is part of preparations by the UAE team’s for the World Endurance Cup, which is scheduled for September in Slovakia.
newsdesk@thenational.ae
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
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