Queenslanders falling behind on shares


The 2012 Australian Share Ownership Study that was released yesterday by the ASX (ASX: ASX) outlined the typical profile of a direct share owner, in which it was interesting to note the states and territories where higher incidence in direct share ownership occurred.

It was revealed that falling behind the pack were Queensland, Tasmania, South Australia and Northern Territory, whilst Victoria, New South Wales, Australian Capital Territory and Western Australia all had highest incidence. The top performing regions were Western Australia and Australian Capital Territory, which both recorded 45% of adults being direct shareholders, whilst only 26% of Queenslanders fit the profile – far below the nation’s average of 34%.

As the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) creeps ever higher, it’s not too late to get involved in the gains! The key to making those gains is finding well-run companies at low, underappreciated prices. For instance, QBE Insurance Group’s (ASX: QBE) price has been battered down in recent times due to the numerous natural disasters over the globe, although still remains a very attractive prospect at around $15.30. Meanwhile, it seems like the gains for a number of telecommunications companies, including Vocus Communications (ASX: VOC) and Amcom Telecommunications (ASX: AMM), are only just beginning.

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The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned in this article.

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