A new generation of young traders is taking advantage of super-cheap brokerage fees to pile into the sharemarket on an unprecedented scale.
The sharemarket's attraction for younger traders is a widening sweet spot of plummeting brokerage costs, coronavirus-induced government cash handouts, simplified online account sign-up processes, and an aversion to the feeble returns on cash saving accounts associated with ultra-low rates.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
