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It is always nice to be surprised to the upside – or at least in an interesting or positive way. The ASX 2004 survey has just hit my desktop. Why it is 2004 and not 2005 or 2006 is something I am not in a position to explain. Nevertheless I found many aspects interesting:
You are likely to:
- Have an annual household income in the range $70-$100,000
- Be male but only by a small margin
- Come from a regional area just as much as the big smoke
- Not necessarily be a tertiary educated person as tradies are fast catching up
- Have had a positive outlook about the future of the financial world in 2004
- Have had only 20% of your investments in shares
It was also interesting that:
- Collectively you owned only 22% of shares by value – overseas players owned a strong 40%, 35% of which were local Fundies/Instos
- You accounted for 55% of share transactions and 68% of options contracts but only 22% of total market value transactions
- The greatest influences on your decisions were newspapers, financial planners and family friends – each accounting for 17%
I doubt that this last point on sources of information for decisions would be applicable to HUBB students as I am sure you are much better educated and more independent decision makers!
If you would like to study this report further it is available on:
www.asx.com.au
Sorry overseas readers, I cannot provide the same analysis for USA or India or other countries. Not for the moment, at least.
You may be surprised by the extent to which Australians are involved in the sharemarket. One explanation for the very high market participation are the incentives to bulk up your own retirement cache via superannuation and pensions.
Enjoy the ride!
Tom Scollon
Chief Analyst
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