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265,000 investing ‘virgins’ joined the share market during COVID-19 – Motley Fool Australia
Warning: There are a lot of novices out there, and they love the volatility.
More than a quarter of a million Australians joined the share market for the first time during the year of COVID-19.
Results from the Investment Trends Online Investing Survey for the first half of 2020, released this week, showed 265,000 retail investors started trading online for the first time this year.
This compares to just 50,000 last year.
The finding aligns with other evidence of a surge in share market activity since the coronavirus pandemic struck Australia.
The Australian Securit…
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