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.
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    Live Account

    Small trade brokerage
    Monthly fee
    $5.00
    $0.00

    Superhero Live Account is trading for everybody. Zero brokerage when purchase ETFs and $5 when you sell, plus traders can get started with a minimum investment of just $100.

    Details
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    Share Trading

    Small trade brokerage
    Monthly fee
    $8.00
    $0.00

    ThinkMarkets offer an $8 flat fee share trading account with HIN ownership (CHESS sponsored) so you control your own shares plus free live price data and market depth.

    Details
  • placeholder
    Trading Account

    Small trade brokerage
    Monthly fee
    $10.00
    $0.00

    Insights, recommendations and support for just $10 per trade under $1000. Get access to over 25 international markets. (See the CommSec page for details)

    Details
  • placeholder
    Mozo Experts Choice 2022
    Tiger Account

    Small trade brokerage
    Monthly fee
    $6.49
    $0.00

    Tiger Brokers is an online broker listed on NASDAQ. It offers access to US, ASX & HK stocks, ETFs and US options trading. Enjoy $0 brokerage on US Stocks trading and ASX Stocks trading for 90 days with no minimum deposit required. (T&Cs apply - see website for full details. Limited time offer).

    Details
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    Standard

    Small trade brokerage
    Monthly fee
    $0.00
    $0.00

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

    Details

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