PHOTO: Despite house prices hitting record highs, apartments in some suburbs have barely increased in value during the past three years, with demand weak for one-bedroom units. Pictured is the Opal Tower at Sydney Olympic Park
- Young investors are urged to avoid trying to pick the bottom in the share market
- They are also be warned about the pitfalls of trying to get rich quick with stocks
- Afterpay’s share price has multiplied from a low of $8.80 to $158 in one year
Young Australians are making three fundamental investment mistakes in the share market and through buying property.
The past year has certainly been a financial roller coaster with the Australian share market a year ago plunging by 33 per cent in just one month following the Covid shutdowns.
But since that low point of March 2020, the benchmark S&P/ASX200 has surged by 41 per cent, despite the coronavirus recession and the deepest economic downturn since the 1930s Great Depression.
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