Introduced at the fair

When Norway closed with Mammaperm, Anne Helen Myrtle (38) was given plenty of time to try something she’d been thinking about for a while: stocks.

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

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

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

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

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.

– There are more than one new private investor per minute, says Kristin Skaug of 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 the government. Hundreds of thousands were in home offices, with no more than 10 people at a time. More shopping centers were closed.

– Suddenly people have a lot of savings and they spend a little bit to spend on it, says Skok.

– have changed from older people over 60 to young people and a larger number of women, and that too is missing. We applaud that, says trade fair director Ivind Amundsen.

– I’m still squeezing my hand

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

– I spent 10 months in an unpaid folder after having a baby. The return on the stock paid my bills this time. We have been to Norway this summer.

– I’m still squeezing my hand and 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 out to maximize profits e.g. Kahoud buys herself inside out 10-12 times.

This is a strategy that many experts warn against.

– They find it dangerous and impossible to time the market, says Anne Helen.

– But I also look for funds that hold stocks in companies 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 two weeks to two months.

30% Savings on Stocks

Siri has opted for a somewhat cautious strategy. He divides his savings 60 percent into funds, 30 percent into stocks and 10 percent into savings accounts.

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

– It was nice to follow the growth of Autostore. In the first two weeks, my stock value increased by 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 next few years.

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

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

– I am a fan of #huninvesterer (DNB campaign, author’s note) and I am happy that women dare to take a step into the role world.

– Don’t put all eggs in one basket

Kristin Skaug of Aksje Norge makes the public aware of what stocks are and how the stock market works. At the same time, she is clear about one thing: don’t put all your eggs in one basket.

– Spreading into more stocks will not only help diversify risk, but will also be profitable.

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

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

– This is an important point because most Norwegians are satisfied with 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 didn’t 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 stocks. I have selected a few and am now waiting for the right entry-level price.

Siri thinks the stock wave will last for most people. This is confirmed, for example, by the Facebook groups “Aksjejentene” and “Moneypenny Norge”, where a total of 80,000 women are now discussing stocks.

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