Growing up in Sydney, Australia, Shenal Harakh learned that real estate was the key to a prosperous financial future. For an immigrant family from India, it wasn’t a bad model: Real estate values Down Under have exploded in recent decades, with the median price for a single-family home jumping from A$111,524 in 1995 to A$871,749 at the end of 2020.
For the 28-year-old Harakh, however, real estate investing left her itching for “action.” Three years ago, the then-anthropology student at Australian National University decided to diversify into the stock market. The move was a prodigious one: In 2020 she turned a 174 percent return in addition to 27 percent and 14 percent returns (respectively) on the Bell Direct and Stake platforms, according to the Australian Financial Review.
Harakh’s investment strategy appears to be a guidebook on Investing for Millenials. Her LinkedIn page says her investments focus on “cultivat(ing) meaningful connections and content where you can see your universe of interests as well as those of others, but still have the ability to separate what’s private, public, or visible to specific contacts and know there’s more to your network than meets the eye.
“As we spend more time online and creating virtual connections, it’s important for us to be able to express the complexity and interconnected nature of our lives,” she writes.
At the same time, she is cautious to warn that market activists must be careful, and that it isn’t for everyone. “Trading is addictive,” she told the AFN. “And the last thing you want to do is lose everything because of this addiction.”