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How much money do you actually need to invest?

Lucy Dean

The amount of money Australians believe they need to start investing in the sharemarket has risen above $15,000 for the first time, new research shows – far more than the $1 that a proliferation of online trading platforms use in their marketing.

The average amount that a survey of 1056 investors by HSBC nominated as what was needed to get into the market was $15,200, up from $14,800 in a similar survey last year.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/investing/how-much-money-do-you-actually-need-to-invest-20230913-p5e4dl