After the rush to open share trading accounts to snare Australian shares cheaply during the pandemic market downturn, investors are letting their cash build up while they wait for the next sustained dip in prices.
Buying shares in quality companies cheaply makes it more likely investors will enjoy good returns over the longer term, rather than buying shares that are expensive. With the onset of COVID-19 in early 2020, Australian share prices fell 30 per cent in three weeks, but prices bounced back relatively quickly.
Most of Nabtrade’s investors own shares in only a handful of companies. The most popular Australian-listed shares include the big banks, BHP, CSL and Telstra. Lithium stocks, such as Pilbara Minerals and Liontown Resources, are also popular with the trading platform’s investors.Exchange-traded funds , particularly those that track the performance of Australian shares, are popular, particularly among the platform’s younger investors.
He also likes Ramsay Health Care, the private hospital operator. It had a fall in the number of elective surgeries during COVID, but the demand for elective surgery is returning. James Holt, head investment specialist at Perpetual Equities, likes Iluka Resources, a producer of zircon and rutile. The minerals are used in all sorts of industrial processes.
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