Aussie millennials are leading the investment surge

Investing is amazing! What’s not to love about putting our money to work, seeing our cash compounding over time without us even lifting a finger. But make sure you’re investing when you have the right intention and importantly the right education. Be informed. Do your homework. 

There has been a growing number of young investors and female investors seeking out professional advice from financial planners or stockbrokers. 

Gen Z and millennials

It’s possible to argue that younger generations are in greater need of financial advice than those before them. They have to contend with a combination of HECS debt, a collapse of home-ownership and higher levels of freelancing as wages stutter. 

The number of Gen Z clients has tripled and the number of Millennial clients has doubled, according to the Australian Investment Exchange (AUSIEX).

As of March, 8.4 per cent of trading accounts belonged to Millennial investors, up from 3.8 per cent before November 2019. Gen Z accounts opened by financial advisers now account for 1.7 per cent of advised accounts, indicating a growing number of investors under 25 being open to financial advice. 

The rise of women investors

We know women are at a financial disadvantage on so many fronts. Women in Australia currently retire with 35 per cent less superannuation than men and almost a quarter retire with *none at all. That’s why the number of women seeking out professional advice to invest also increased more than half (52 per cent) of all new advised AUSIEX accounts for the first time. 

The trend is not restricted to investing in Australian shares however. Tech-savvy younger generations are going online seeking places to invest in their favourite technology brands overseas, especially in the US – Facebook, Apple, Amazon, Netflix and Google. Platforms like sharesies let you choose from over 3000 companies and exchange-traded funds across Australia, US and NZ. 

It’s always a good time to think about investing. We reckon that once you learn a little bit, you’ll feel empowered to know even more. To conclude the post, here are some bang-on tips from us to get you started. 

*Quick financial disclaimer. The information below doesn’t constitute financial advice, and it doesn’t account for your specific circumstances or financial goals. Make sure you get some independent, professional guidance before investing. 

#1: It’s a long game

You should invest the money that you’re happy not seeing for a long time, not the monthly expense that you need in handy or money for other goals on the near horizon. 

Stay the course. The greatest investor of all time Warren Buffet makes mon