INVSTR029 Mistakes new investors should avoid (590 words)

The next generation of investors are here and ready to take on the investment world. They are enthusiastic but limited in knowledge. This article provides advice on how to start your investment journey and the costly mistakes that should be avoided.

You’re young, expecting a satisfying future brimming with friends, family and a comfortable lifestyle.

You’re a Next Generation Investor, likely aged between 18 and 25, and you’re starting to think about financial security.

According to an Australian Stock Exchange study, nearly a quarter of all investors over the past two years were Next Generation Investors. Additionally, some 27% of surveyed people under age 25 intend to invest over the next year.