Business
Share investments are often held by custodians. Who are they, what do they do and are they safe? – ABC News
A record number of amateur investors are jumping into the share market, but while many spend a great deal of time researching which stocks to buy, few think about…
Last year saw an unprecedented wave of amateur investors hit the stock market.
Australia’s biggest broker, CommSec, said the number of first-time traders more than doubled.
Data from the financial regulator, ASIC, shows a record 110,000 share-trading accounts were opened in March alone, as Australia went into lockdown and share prices bottomed.
The fad has continued into 2021, with another 51,000 accounts opened in January.
The rise of trading apps from brokers big and small has made it quick and…
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