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The money advice every millennial needs to hear

That could mean setting up a retirement fund, like a Roth IRA in the U.S., investing lump sums in an index fund, or making regular contributions to a savings and investment app like Acorns. In fact, the more you can “diversify” across different sectors, the better, said Yinglian Xie, co-founder and CEO of financial fraud detection firm DataVisor.

However, it’s no use investing in something if you don’t believe in it, noted PayPal’s senior vice president of international markets, Rohan Mahadevan.

“Make sure you’re investing in things that you believe in, as opposed to investing in things that other people believe in,” said Mahadevan, who advised trying out a product or service before investing in it to better understand how the company operates.

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