{"id":11941,"date":"2020-11-15T04:32:13","date_gmt":"2020-11-15T04:32:13","guid":{"rendered":"https:\/\/www.gh360.ca\/?p=11941"},"modified":"2021-03-03T14:23:18","modified_gmt":"2021-03-03T14:23:18","slug":"test-test-test","status":"publish","type":"post","link":"https:\/\/www.gh360.ca\/?p=11941","title":{"rendered":"Follow the Money: How COVID-19 Initiated a ‘new wave’ of first time investors"},"content":{"rendered":"
[vc_row full_width=”stretch_row” video_bg=”yes” video_bg_url=”https:\/\/www.youtube.com\/watch?v=86MKzstijzI&list=PLQRvVvdFVeOsz9iNzuBsoU8MVCvzy_n6c” fadeout_row=”fadeout_row_value” fadeout_start_effect=”30″][vc_column][vc_empty_space height=”200px”][vc_custom_heading source=”post_title” font_container=”tag:h1|font_size:50px|text_align:center|color:%23ffffff” use_theme_fonts=”yes” css_animation=”bounceIn”][vc_empty_space height=”200px”][\/vc_column][\/vc_row][vc_row][vc_column]
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Beginning in early March, global stock markets tumbled to record-low prices due to the novel coronavirus (COVID-19) impacting the world\u2019s global economy. Despite the millions of people negatively impacted by job-cuts and government shutdowns, a large \u2018new wave\u2019 of first-time investors\u2014led by ambitious young adults\u2014took advantage of this time by learning how to trade in the stock market.<\/h3>\n<\/div><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_video link=”https:\/\/youtu.be\/NLZsVsfwTs0″ align=”center” css_animation=”bounceIn” title=”Rob Carrick: Investing during a Pandemic” css=”.vc_custom_1607663916792{padding-left: 10px !important;}”][\/vc_column][\/vc_row][vc_row gap=”4″][vc_column width=”1\/2″][vc_column_text]H<\/span>owever, unlike stock market crashes of the past, this year proved to be quite different according to Rumart Navarro, a Personal Banking Associate at TD Bank.\u00a0<\/span><\/p>\n

\u201cBeing forced to stay home meant that a lot of people suddenly had or needed the money. A combination of this plus the willingness to learn how to invest through different resources, meant that (a record) number of people were investing like we haven\u2019t seen before,\u201d said Navarro.\u00a0<\/span><\/p>\n

Now, more than ever, growing technology gave people more access through digital platforms.\u00a0<\/span>Finance apps such as Wealthsimple and Wealthbar, were some of the more popular methods to invest. Being able to use these platforms in the palm of your hands meant ease of access for new users, according to Navarro.\u00a0<\/span><\/p>\n

COVID-19 had forced a majority of people to be in a unique position in regards to their financial status. With countless being laid off or losing their jobs completely meant that people had lost their main source of income. However, government financial aids such as the Canadian Emergency Relief Benefit (CERB) and Employment Insurance (EI) put quick money into people\u2019s pockets, which in turn, many could now use for investing. This, along with time and accessible resources produced a perfect recipe for people to start working on their finances.\u00a0<\/span><\/p>\n

With this realization of time, money and resources, 24-year-old Gerome Balneg became instantly attracted to this new opportunity. <\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text css=”.vc_custom_1607662942620{margin-left: 20px !important;border-left-width: 20px !important;padding-left: 20px !important;}”]\n

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