Young people, their money and how all is not lost

The answers to these temptations are, reassuringly, timeless. Develop a diversified investment portfolio covering various regions, sectors and investment styles: well-managed investment trusts and exchange-traded funds will help. Avoid high charges that eat into your returns. Start early, tune out the hype and stick with it.

Iona Bain’s “Own It: How our generation can invest our way to a better future” is published by Harriman House and is on sale now.