Aussie women are more experienced at investing than men, says Superhero

young asian woman checking her stocks on her phone

Share trading and superannuation platform, Superhero, says that women have been investing for a longer time than men.

A recent survey conducted by Superhero found that 26% of women and only 15% of men have been investing for over five years.

“It was very interesting to see that the majority of our long term investors (more than five years experience) were women,” says Superhero co-founder and chief executive officer, John Winters.

While most long term investors were women, Superhero found that men made up most of the new investors in the last six months. Also, 35% of new investors were 18 to 24-year-olds.

Related: New to investing? The ATO wants a word

“Investing as a concept has grown tremendously in popularity over the last year or so which was made clear by 35 per cent of respondents noting they’d only started investing in the last six months,” says Winters.

But why are so many people starting to invest?

Well, the research found that new investors wanted to grow their money for various reasons. About 14% were building nest eggs, 18% were diversifying their assets, 11% wanted to retire early and 7% were saving a house deposit. 

“2022 is shaping up to be a big year for investing. Our customers are looking to invest significantly and use the year to build their wealth – and they’re quickly realising that investing in shares is a smart way to grow wealth sustainably,” says Winters. 

Right now of the 30+ share trading platforms being tracked in Mozo’s database like Saxo Markets, Tiger Brokers, CommSec Pocket and the Mozo Experts Choice Award’s Sharing Trading Platform of the Year (Casual) winner Stake.

Related: Online investing in Australia continues to grow

Thinking about investing? Before you get started, be sure to do some reading on some of the best share trading platforms in Australia as named in our 2022 Mozo Experts Choice Awards. 

Or if you’re interested in comparing share trading accounts, check out our share trading account comparison table below.

Share account comparisons on Mozo - rates updated daily

Search promoted share trading below. Advertiser disclosure.
  • Tiger Account

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Mozo special offer for new users only: 7% p.a. on uninvested cash balance up to AUD 100,000 for the first 150 days, with a value up to AUD 2,877. Plus receive US$30 Tesla (TSLA) and US$30 NVIDIA (NVDA) shares with an accumulated deposit of at least AUD 2,000. T&Cs apply – for full details, go to the Tiger Brokers website.

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  • Share Trading

    Small trade brokerage
    Monthly fee
    $7.70
    $0.00

    Buy and sell with a low $7.70 flat fee per trade and access to all ASX Shares and ETFs to invest in with GO Markets. Enjoy dedicated local customer support, a regulated Australian company for trading ASX Shares and ETFs. Plus, enjoy $0 Brokerage on your next 15 trades! (T&Cs apply).

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  • Mozo Experts Choice 2024
    Share Trading

    Small trade brokerage
    Monthly fee
    $3.00
    $0.00

    Invest in AU stocks, US stocks, HK stocks and ETFs on moomoo trading platform. US trades from $0.99 USD, other fees apply. Backed by a Nasdaq-listed fintech. (T&Cs apply).

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  • Mozo Experts Choice 2024
    Share Investing

    Standard

    Small trade brokerage
    Monthly fee
    $0.00
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    CMC Markets Invest makes it easy to trade with a handy web and mobile platform, competitive pricing and thousands of securities. Buy Australian and US shares from $0 brokerage (T&Cs apply - see website for full details).

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  • Idle Cash

    Small trade brokerage
    Monthly fee
    $5.50
    $0.00

    Receive interest on your uninvested cash. Deposit over USD/AUD 5,000 to start receiving 1.5% return; 2.25% return on over AUD 50,000; Up to 3.25% return on over USD 50,000. Mozo special offer for new users only: Get USD 50 fractional shares plus USD 25 Tesla shares with a cumulative net deposit of min. AUD 500 within 7 days of the first account opening. T&Cs apply.

    Details

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