Although low-cost trading platform SelfWealth (ASX: SWF) has seen customers reduce their online trading activity, many opting for rival platforms that are even cheaper, there is a silver lining amid rising interest rates where the Company is accruing more revenue as interest through the $736 million they hold as cash on behalf of their customers.
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Embattled online share trading platform SelfWealth (ASX: SWF) is bracing for further declines in their customer activity flagging the recent downturn as the “new normal” after huge increases in retail trading activity while Australians were locked up at home throughout the pandemic. The March quarter represented SelfWealth’s first post-lockdown quarter with lower trading numbers across
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In a generational event that saw a major influx of investors entering the sharemarket looking to capitalise on the low prices, these same Mum & Dad investors as well as the younger generation have not only driven the market recovery but are now the engine pushing the economy to new heights. This was reflected in
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