Business
First-time traders hit 400,000 during pandemic – The Australian Financial Review
The jump provides further evidence of Australia’s version of the so-called Robinhood phenomenon, with 1.25 million active retail traders nationwide.
COVID-induced market volatility and a low interest rate environment were important prompts for first-time investors entering the market, but even more prominent was the desire to learn a new skill, highlighting how many Australians chose to spend their free time during the lockdowns.
The 1.25 million figure estimating the total size of Australias active retail trading community is a new high since Investment Trends began its modelling 15 years ago.
It represents a 135 per cent jump since June 2013…
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