AS INTEREST RATES DRAG THEIR FEET AND WITH THE PROPERTY LADDER FALLING SHORT FOR SO MANY, MORE MILLENNIALS ARE RIGHTLY LOOKING AT OTHER WAYS TO GROW THEIR MONEY. WELCOME TO SHARE TRADING FOR THE TINDER GENERATION.
The sooner we can put The Wolf of Wall Street behind us, the better. Forget the yachts, the mansions, the Quaalude-fuelled debauchery. While it seems fun from afar – hell, no doubt it was for Jordan Belfort – the reality is that reaching those sorts of riches from stock trading remains, for the most part, fixed in celluloid fantasy. That said, share trading deserves attention – especially considering the increasingly tough conditions attached to property investment. Whether you’ve considered trading, or simply lucked out with some shares from your family on your last birthday, you should realise the markets are again surging – especially among millennials. Not convinced? Well, Commsec, perhaps Australia’s best-known stockbroking firm (as operated by the Commonwealth Bank), last year reported that more than half of its new customers were less than 35 years old – up 250 per cent on figures of 20 years earlier. With investment comes risk – but with risk comes return. Here, we hope to help you navigate some of that risk, or at least urge you to make your money work better, and hopefully build a lucrative portfolio.