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 9,000+ 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 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
