A Stuff article.
Pessimism over rising house prices is helping drive young people towards higher-risk “micro-investing” according to a report from the Financial Services Council (FSC).
“Over the past 18 months we’ve seen the incredible rise of the digital investor, and our research has revealed that 38.2 per cent of adult New Zealanders currently use, or plan to use, micro-investing platforms,” said Richard Klipin, chief executive of the Financial Services Council, a lobbying group for insurers and KiwiSaver fund managers.
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