Young people make the least money on stocks
Two socio-demographic characteristics in particular – your age and your wealth – prove crucial for whether you managed to make good money on the Oslo Stock Exchange in the last 20 years, according to a new Norwegian study.
Financial researchers have previously found that the rich and experienced investors are those who over time make the most money on shares by far.
The researchers conducted the new study from the Oslo Stock Exchange with data and new methods that give them even more confidence in the results’ validity.
Figures from the non-profit foundation AksjeNorge show that more young small investors have entered the stock market in the past year than ever before. In March 2021, the Oslo Stock Exchange passed the half million mark for shareholders for the first time. As many as 40 percent of all new shareholders in the last three months are under 30 years old. And approximately 40 percent of shareholders have only invested in one stock.
The media constantly reports on young people and students who have doubled or tripled their money through bold stock purchases in companies such as Kahoot, NEL, Gamestop and Tesla.
