May 29, 2022

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Introduced on the stock market - earned six digits a year

Introduced on the stock market – earned six digits a year

As Norway closed with Mammaperm, Anne Helen Myrtle (38) was given plenty of time to try something she had been thinking about for some time: stocks.

He started a year ago with some stake in Equine, Norway’s largest company. Since then, she has quickly become more experienced and courageous.

– I choose to call it my stock adventure because that’s what he says today.

Economics student Siri Røed Høstfet (24) has also thrown himself into the stock wave during epidemics. After saving money for many years, she saw an opportunity.

– We learned a lot about the impact of the epidemic on the economy. Now that the stock market is “selling”, I understand that it may be wise to strike.

Savers: Siri Røed Høstfet invests 30% of its savings in stocks. Photo: Private

Historical trend

Anne Helen and Siri are not alone. In the first quarter of 2021, the epidemic contributed to 37,755 new shareholders buying into the stock market.

Commenting on the change: Christine Scock, of OxJay Norgay, sees more young people and more women investing in stocks.  Photo: CF Weisenberg / Colony Haven Studio

Commenting on the change: Christine Scock, of OxJay Norgay, sees more young people and more women investing in stocks. Photo: CF Weisenberg / Colony Haven Studio

– There are more than one new private investor per minute, says Kristin Skaug at the Aksje Norge Foundation.

This number has never been higher since Equinor was listed on the stock exchange 21 years ago.

This is happening at a time when eastern Norway in particular has been hit hard by Govt. Hundreds of thousands were seated in home offices, with no more than 10 people allowed to meet at a time. More shopping malls were closed.

– Suddenly people are sitting with a lot of savings and spending a little bit to spend on them, says Skok.

Manager: Santa Claus with stock market director Øivind Amundsen.  The latter is extra generous this year.  Photo: Ole Berg-Rusten / NDP

Manager: Santa Claus with stock market director Øivind Amundsen. The latter is extra generous this year. Photo: Ole Berg-Rusten / NDP Photo: Ole Berg-Rusten

– have changed from the elderly over the age of 60 to the younger and a greater number of women, and that too is missing. We welcome that, says stock market director ivind Amundsen.

– I’m still pinching my hand

A year after starting the stock, Ann Helene claims to have earned a six-figure sum for her new hobby.

– I was in an unpaid binder for 10 months after having a baby. The return on the shares has paid off my bills this time. We’ve been around Norway this summer.

– I’m still pinching my hand, wondering if this is true, she adds.

Anne Helene visited several stocks, including Kahoot, Everfuel, Atea, Koa, Meltwater, Asetek, Salomon Evolution, Horizon Energy, Aker Horizons, Polight, Tesla, Mpc and Telenor.

She buys inside and out to maximize profits, for example Kahoud buys herself 10-12 times inside and out.

This is a strategy that many experts warn of.

– They believe it’s dangerous and impossible to time the market, says Anne Helen.

– But I also look for funds that hold shares in businesses that perform well during the day, and I deposit a lump sum and take it back when the fund rises by about 10-15 percent. With active industrial funds, it can take anywhere from two weeks to two months.

30% savings on shares

Siri has chosen a slightly cautious strategy. He distributes his savings 60 percent in funds, 30 percent in shares, and 10 percent in savings accounts.

He has invested in shares of DNB, Orkla, Equinor, Aker, Norsk Hydro, Flyr and Autostore.

– It was fun to follow the growth of Autostore. In the first two weeks, my stock value rose 41 percent! Flyer stocks are pretty bad, but I think I have ice in my stomach to see what it will look like in the years to come.

– The most important thing to me is that the money I invest in stocks is the money I can lose, says Siri.

Anyway, she has no doubt that more and more people will try new hobbies.

– I’m a fan of #huninvesterer (DNB campaign, author’s note) and glad that women should dare to take a step in the role world.

Facts: Ordinary people flock to the stock market

37,755 new shareholders came to the Oslo Stock Exchange when it closed in January.

This year, 64 percent of new shareholders are under the age of 40.

50 percent are under 30 years old.

This winter, Aker Horizons was listed on Euronext Development and gained 16,000 private shareholders as soon as it was listed. The largest number over 20 years.

Autostore went public this fall and gained 10,000 new shareholders on the day of listing.

Source: Aksje Norge, Oslo Stock Exchange

– Do not put all the eggs in one basket

Kristin Skaug at Aksje Norge raises public awareness of what stocks are and how the stock market works. At the same time, she is clear on one thing: Do not put all your eggs in one basket.

– Spreading in more stocks will not only help spread the risk, but will also be profitable.

Christine predicts what will happen in 2021 if you buy 10 stocks that are generally owned in the stock market.

– Four companies fell the most, but if you invested in ten, you would get 22 percent return.

– This is an important point because most Norwegians are satisfied with holding 1 to 3 shares, says Kristin Skok.

– Now the challenge is that the 120,000 shareholders who came after the Corona crash in March 2020 did not really experience what the collapse meant. I hope they spread the risk better than average.

2022

No one knows what will happen to the markets next year, but Anne Helen chooses to attack.

– The plan for 2022 is to create a portfolio of dividend shares. I have selected a few and am now waiting for the right entry price.

Siri thinks the stock wave will continue among most people. For example, this has been confirmed by the Facebook groups “Aksjejentene” and “Moneypenny Norge”, where a total of 80,000 women are now discussing shares.

– I believe that knowledge sharing, innocence and tricks will dare more people to invest in stocks, says Siri.

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