Business
435,000 Aussies bought their first shares during the pandemic
An incredible 435,000 share market virgins in Australia bought their first shares since COVID-19 lockdowns hit these shores.
That’s according to new research from Investment Trends, which found the number of active investors in Australia reached a new record of 1.25 million at the end of 2020.
It seems there is now a new generation interested in investing in equities, with 1-in-6 of those new investors aged under 25.
“COVID-induced market volatility and a low interest rate environment were important prompts for first-time investors entering the market,” said Investment Trends head of research Irene Guiamatsia.
“But even more prominent…
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