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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Smashed avo generation also smashing savings goals

By Grace Ormsby · November 04 2019

Reading:

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Smashed avo generation also smashing savings goals

By Grace Ormsby
November 04 2019

Reading:

Smashed avo generation also smashing savings goals

By Grace Ormsby · November 04 2019

Reading:

The average 18 to 34-year-old is saving 32 per cent of their monthly income, giving them the title of Australia’s best savers.

The Suncorp Best Saver Report has found the amount is significantly more than the national average, which sits at 23 per cent of monthly income.

Suncorp said that while “they may be known as the smashed avocado generation”, the average 18 to 34-year-old has now surpassed their parents and grandparents in the savings game.

It indicated that those aged 35-54 years old are saving 20 per cent of their monthly income, while those aged 55-plus are saving just 19 per cent.

Commenting on the findings, the bank’s EGM consumer banking, Chris Fleming, said, “Many in this age group are likely to be enjoying an increase in their income as they finish university or build their career, while still having the flexibility of fewer big financial commitments.”

Mr Fleming conceded that the saving “sweet spot” is a strength held by the age group, “which generally stops as you get older”.

He considered it as “interesting to see the top savers in this younger age group were motivated by tangible goals – buying their first home, investment property or shares, which goes against the common assumption that this generation has given up on the great Australian dream of home ownership”.

According to the research, people who fit the best saver profile are generally confident about their own understanding of money and finances.

As a persona, the report indicated that “an 18-34-year-old female, with no kids, living in NSW, working full-time, who is focused on a tangible goal (property, shares), frequently entertains friends at home, uses tap and go or Apple Pay for purchases and brings lunch to work, tends to be Australia’s best saver”.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.