Business
Aussies in lockdown spent more on ASX shares than all gambling combined – Motley Fool Australia
COVID-19 has lured many ordinary folk into buying small cap ASX shares, but what risks are they taking?
Here at Motley Fool we’re always about long-term investing.
The idea is simple: Holding quality shares for a long time reduces your exposure to the wild short-term whims of the herd.
But authorities are worried that average Australians in COVID-19 lockdown this year have ignored that advice and have sought to make a quick buck via ASX shares.
The Australian Securities and Investments Commission (ASIC), for example, warned retail investors back in May that high-frequency “day trading” in volat…
-
General20 hours agoFootballers and movie stars: PM’s Shanghai tourism push
-
Business19 hours agoNvidia reaches the $4 trillion mark. Can it hit $5 trillion in 2025?
-
Business19 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025
-
Noosa News19 hours agoYIMBYs vs NIMBYs as the battle for affordable housing moves into your backyard