1.5 million New Zealanders have invested, or intend to invest, online

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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