The best investing advice given by Nasdaq CEO to her son is a "crucial component of building wealth."

To overcome the intimidation of investment markets, especially for younger generations, Nasdaq CEO Adena Friedman suggests: Practice makes perfect.

Friedman advised all new investors, including her own children, that her most crucial piece of financial advice is to always prioritize long-term investing, according to a CNBC Make It report on Tuesday during the Fortune Global Forum 2024.

"According to Friedman, learning by doing can be achieved through small investments or on platforms that don't require real money. As you become more involved and knowledgeable, you can gradually increase your risks and gain more confidence."

Friedman has two sons in their mid-to-late twenties, one of whom enjoys playing around with a stock event marketplace app that allows users to track and trade stocks from their phones. He typically invests in small increments, around $10 at a time, Friedman stated.

"She said, "It was fascinating to watch him take different sides of the trade all night long, discussing the temperature of New York's overnight forecast.""

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A recent survey by CNBC and Generation Lab found that 42% of young people aged 18 to 34 are not saving or investing any money. Meanwhile, 32% of Gen Zers say their fear of losing money prevents them from taking financial risks, while 22% say they don't trust the market, according to Investopedia's 2022 Financial Literacy Survey.

Being prepared for any outcome is crucial when experimenting with pocket money, as it helps you get comfortable with the fact that your investment strategies can result in both wins and losses, according to Friedman.

She suggested considering long-term investments that would affect my future as I gain more stability.

Friedman stated that the solution to afford schools, a home, and travel the world would be to make it possible for individuals to earn more money.

It is better to start investing earlier, according to Barclays CEO C.S. Venkatakrishnan, who was a panelist at the Global Forum event.

"Venkatakrishnan emphasized that young people should understand the significance of investing in their future, starting from their first paycheck, adopting a long-term perspective, and considering the equity markets as a crucial aspect of their investment strategy."

Investing in a Roth IRA for retirement allows you to contribute pre-tax dollars, while withdrawals in retirement are tax-free.

"Wealth creation in this country is fundamentally built on [investing]," Friedman stated, emphasizing the importance of starting early.

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