With savings account rates sitting at an average rate of 3.59% in our database*, it’s no wonder many Australians take to the stock market as a way of growing their savings. According to marketindex, the Australian share market has delivered an average return of 13% per annum since 1900, so investing in shares can be a pathway to consider for wealth building.
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Plenty of online share trading platforms offer mobile apps these days, meaning it’s now possible to trade, check your positions, and research your next move from virtually anywhere.
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Dividends can be a reliable source of income for investors, but they can also be a powerful tool for growing your portfolio. One of the most effective ways to leverage dividends is through dividend reinvestment plans (DRIP) and the concept of a dividend snowball.
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One way Aussie investors try to diversify is by investing both locally and internationally. While you may only have access to Australian and US markets in a lot of cases, these both offer a wide selection of stocks and ETFs to choose from. For instance, the US stock market accounts for nearly 60% of the international stock market by size* .
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Getting started with investing can seem overwhelming, especially when you don’t know where to begin.
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Jargon can be a major hurdle for share trading newcomers, so it's helpful to clarify any confusing terminology. There are a number of acronyms and unusual phrases used within the industry, which can be difficult to understand.
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There are lenders out there who will let you borrow money specifically for investing in shares. This kind of borrowing is usually through a margin loan. However, before diving in, it’s crucial to understand that this option comes with considerable risks, and you should seek professional financial advice to navigate the ins and outs.
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If you’re considering switching share trading platforms, you’ll likely need to transfer your shares to your new account. There are numerous reasons to make the switch, such as lower brokerage fees, enhanced features like live market data, or access to robo-advice.
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As rising property prices put homeownership out of reach for many Australians, a growing number of Gen Z and Millennial investors are exploring alternative investment opportunities, as outlined in HSBC’s latest Investors Insights Survey.
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If you are one of the 1.22 million active online investors* or plan to join their ranks in 2024, a recent number crunch by Mozo’s research team for the annual Mozo Experts Choice Online Share Trading Awards^ reveals that when it comes to brokerage costs it pays to shop around.
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