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…
-
Noosa News23 hours agoJane Bunn weather: Cyclone Errol forms as effects of Alfred still felt across Queensland
-
General23 hours agoNo ‘band-aid solution’: sweating coal risky business
-
General23 hours agoParents of Heidi, 3, remember ‘beautiful’ daughter killed in Ocean Grove crash
-
Noosa News22 hours agoGabby Petito died after experiencing domestic violence. Young Aussies are identifying with her story