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The Germans return to the stock exchange.

The skepticism that spread in large parts of the population after the crash at the beginning of the noughties seems to have been overcome.

And the desire for stocks is unlikely to decrease at first.

On the contrary: It didn't take a lot of skill to take big profits in the past few months.

Many have doubled their stakes because the markets only knew one direction: up.

The new triumphant advance of the share has mainly to do with young people.

Many of the new traders are from Generation Y and Z, i.e. those born between 1980 and 1995 and those born between 1995 and 2010.

ETF savings plan on the left

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It has never been so easy to participate in the stock market.

Smartphone brokers allow stocks to be bought and sold with just a few clicks.

In the last year alone, almost 1.5 million accounts were opened at online banks.

But short-term trading in stocks is one thing above all: gambling.

And it has absolutely nothing to do with smart investments.

A long-term strategy is more important than ever.

For these young people, stocks and ETFs seem to be the only way to make provisions for old age.

There will be no interest on accounts for the foreseeable future, and real estate is no longer affordable for most.

And whether there will still be a noteworthy statutory pension for them in 40 or 50 years is in the stars.

Links Smartbroker

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But the current stock market boom harbors a great danger: the belief that it will always go on like this.

Anyone who got in after March 2020 doesn't really know the feeling when the markets run dry.

In general, there has been practically no serious long-term stock market setback in the past decade.

None of the boys has experience when their own shares suddenly lose value massively within a short period of time, when panic suddenly breaks out.

And that's why Generation Y and Z now have to understand something that has often been demonized or at least negatively discussed in their school books: capitalism.

You need to understand that investing in stocks doesn't mean lucrative gambling.

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They invest in companies with their money.

You become the owner, co-determiner.

You take on economic responsibility to a certain extent.

They have to learn that consumption is not a bad thing, but rather ensures that it creates wealth.

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"Everything on shares"

is the daily stock market shot from the WELT business editorial team.

Every morning from 7 a.m. with the financial journalists Moritz Seyffarth and Holger Zsch├Ąpitz.

For stock market experts and beginners.

Subscribe to the podcast on Spotify, Apple Podcast, Amazon Music and Deezer.

Or directly via RSS feed.

The young people who in recent years have also promoted social change by discovering their ecological awareness can now take the next step.

They have to learn that capitalism and climate protection are not contrary, because, for example, innovation remains ineffective without growth.

And if they learn which companies will benefit from it, that is nothing bad and not greed for profit.

It is economic foresight that gives them financial freedom.