New research from the Financial Services Council (FSC) has revealed the surprising number of Kiwis using platforms like Sharesies, Hatch and Stake, why they’re using them, and what’s stopping those who haven’t yet jumped on the bandwagon.

Wednesday, June 16th 2021, 6:00AM

by Matthew Martin

The FSC research, The Rise of the Digital Investor, carried out by CoreData as part of the FSC’s ongoing Money and You series, provides one of the most comprehensive pictures of Kiwis’ views on micro-investing platforms.

“Over the past eighteen months we’ve seen the incredible rise of the digital investor, and our research has revealed that 38.2% of adult New Zealanders currently use, or plan to use micro-investing platforms,” says FSC chief executive Richard Klipin.

“That’s about 1.5 million Kiwis and reflects a transformational shift in how we are choosing to invest our money.”

Klipin says the shift is particularly…

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