Photo: 123RF
Sharesies, which expanded into the Australian market in April, found New Zealand investors were more interested in green investments, which accounted for 2.1 percent of their portfolio versus 1.5 percent for Australians.
The Sharesies app allows investors to buy a fraction of a share, which makes it much easier for investors with small amounts to buy stocks.
More than 60 percent of New Zealand investors using Sharesies to invest in the ASX were under the age of 40, with fewer than one in ten over the age of 60 (7.4 percent).
Sharesies chief executive and founder Leighton Roberts said the Australian business, which was still in pre-launch mode, had already gathered 6000 Australian customers, compared with nearly 400,000 New Zealand subscribers.
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The SPAC which is set to merge with Rocket Lab has already attracted thousands of Kiwi investors. Photo / File
The SPAC which is set to merge with Rocket Lab has already attracted thousands of Kiwi investors. Photo / File
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Kiwi investors appear to have jumped on board with Coinbase. Photo / AP
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Coinbase s stock opened at US$381 a share, up 52 per cent from a reference price of US$250 per share set on Tuesday.
Investors may have a window of opportunity to snag blue chip energy stocks Meridian and Contact at a bargain price, but buyers are warned to beware. An estimated $1 billion worth of shares in Meridian and Contact will be sold by two overseas funds after the market closes next Friday, the prospect of which has caused significant volatility for the two stocks, and hit shares in other listed energy companies. Contact and Meridian have been on a rollercoaster ride since late last year, thanks to their presence in a major global clean energy index created by Standard & Poor’s. A catalyst was the election of Joe Biden as United States president, after his promise of pursuing an ambitious environmental agenda.
A new share trading platform will let Australians invest from as little as 1 cent – and it s winning over more women than its competitors Jack Derwin Sharesies co-founders Brooke Roberts and Sonya Williams.
New Zealand investment platform Sharesies is planning to spread to Australia and the Australian securities exchange (ASX) in the coming months.
Offering a low-cost sliding commission structure to trade companies listed in New Zealand, the United States and soon Australia, the platform is geared towards making investing more affordable and accessible regardless of cashflow. We ve made sure that the minimum investment barrier is completely removed so you can literally start investing with one cent, co-founder and co-CEO Brooke Roberts told Business Insider Australia.