The combination of a sharemarket boom, ultra-low interest rates, and Covid-19 has created periods of working and staying at home, combined with that I have not witnessed for decades.
Take it from a late-stage boomer – millennials are the lucky ones when it comes to investing in shares. You will benefit from digital and technological innovation that makes share investing more accessible, and the advent of multiple online platforms allows for easy and affordable investing, regardless of budget.
Add to that the excitement of living in a once-in-a-generation period of change: think about what we call the “mega secular” growth trends such as green energy, electric vehicles, decarbonization, data, eCommerce, digitalisation, gaming, and cybersecurity, to name just a few opportunities.
And you have far greater choice. You can invest your money in a way that aligns with your ethical values, meaning your investment decisions may even effect change, if you follow an ESG (environmental, social and governance investing) approach. You can also invest outside Australia, in the booming US stock markets or pretty much anywhere else in the world.
Take your pick
Traditionally, share investing was transacted through a private client stockbroker, who was not only an adviser but someone with who you would meet for a friendly annual catch-up to discuss your blue-chip portfolio. More often than not the amount of cash needed was higher than most of us could afford and the fees reflected the company research and advice we received.
This story is from the August 2021 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2021 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Is the public market shrinking?
Australia needs a healthy stock market to give companies access to funds and to allow retail investors to build wealth.
India: three steps to transformation
Massive investment and extensive reforms turbocharge the economy.
The ballet of business
Changing direction, products, models and marketing is a hard task for a business. We chart what it takes to turn a business around, plus profile four successful pivots.
Save money and the planet
Could the high cost of living give us the incentive we need to reduce how much water and energy we use or waste? These eco-friendly household tips will help you do just that.
AI adoption is the new black
Artificial intelligence is set to reshape the commercial world, and small enterprises can’t afford to miss the boat.
Spam attack! Murky laws jam our inboxes
Unwanted marketing material is one of the pain points of modern life.
From rags to riches in style
Rich Tran sported a bowl cut until he was 14 years old and had no intention of becoming a hairdresser.
New work deals are killing the 'old' office
The Covid pandemic and the subsequent lockdowns accelerated the trend to more people working from home. It was a mixed experience.
Points taken: the truth about rewards
Can hopping between credit cards really boost your frequent flyer haul and give you cheap or free travel - or is it doing more harm than good behind the scenes? Money puts it to the test.
Shortcuts to own a home
Innovative ideas with a focus on low costs and sustainability could help solve the housing crunch.