Day of the DIY: platforms take on professionals

Day of the DIY: platforms take on professionals
Sharesies and Hatch mainly rely on trading activity for revenue. (Image: Supplied)
David Chaplin
If you have one hour, 18 minutes and 27 seconds to spare, the Financial Markets Authority has uploaded a video to the internet that settles the argument over whether professional financial advice even matters. (If you don’t have one hour, 18 minutes and 27 seconds to spare, just scroll to the end of this column for the answer – estimated time 11 nanoseconds.)Last year, the inaugural Great FMA Debate revealed that active investment was, counter to real-life fund flow data, better than going passive.In 2021, the regulator opted for th...

More Markets

NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024
Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 04 Jul 2024