MIL­LEN­NIAL IN­VESTORS

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.

GQ (Australia) - - INSIDE GQ - WORDS DAVID HAL­L­I­DAY

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.

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