Share dealing 'can easily be linked to bank accounts'
Although investing in shares while the stock market is taking such a beating is a brave strategy, a growing number of experts think that’s exactly what Aussies should be doing.
Adelaide Now’s money editor Anthony Keane points out that the country has a long history of private investment, with many millions of us owning shares either directly or through our supers.
But while confidence in the stock market is at a very low ebb, Mr Keane insists that there are now some serious bargains to be had.
Speaking to the paper, Barker Wealth Management director Will Henwood said that stock trading accounts can easily be linked with existing bank accounts and savings accounts, giving people an easy way into share trading.
Advising those who are tempted by the idea, Hood Sweeney Securities director Matthew Rowe, added: "Generally, investing into shares is considered suitable for investors with a medium to long-term investment time horizon of three to five years."
With the Reserve Bank pushing interests pegged back at historically low levels, Aussies may be tempted into the market after finding that savings interest rates are no longer as attractive as they were before the economic crisis.
This article is brought to you by Mozo – Helping you compare savings accounts