Investing with a conscience has become increasingly popular over the past few years. More and more young Aussies are looking to invest not only in their finances but also in their values and their future. It’s time we take finance and sustainability into our own hands, because let’s be honest, if we don’t, who will?
That’s where Socially Responsible Investing (SRI) comes in, which allows you to put your money behind companies that align with your ethics. But what influences people to decide to get involved with SRIs? That's what a new study by Macquarie University Business School wants to discover, and they’re willing to pay participants to find out. Yes, really.
Participants get to trade US stocks for a month using an app called moomoo, who has created a simulated trading environment that's just like the real deal. Moomoo's main mission is to provide investors with an intuitive and powerful investing platform that makes investing transparent and easy, which makes it the perfect place to get started.
Professor Tom Smith, the leading expert in Environmental Finance at Macquarie University, is heading up the study with moomoo, and he's trying to work out exactly what influences Australians to get involved in SRIs, and what obstacles stop them from doing it. By getting involved, you can help answer some of those questions and help propel social change for investors and businesses. What's not to love about that?
Moomoo was specifically chosen for this study because they're a credible choice for people who want to invest in a socially responsible way. The app has over 19 million users globally, which makes it one of the biggest and most-trusted stock apps out there. They offer a paper trading function that lets you experiment with different strategies that reflect actual trading conditions with real market input, and see how they work out without risking any real money. In fact, each participant gets $35 just for joining.
Moomoo is all about transparency and education. it has a tonne of features that you can access for free, like real-time quotes and customisable watchlists. You can also access additional features like the stock screener, institutional tracking, industry chain, AI-powered tools, free education courses, and more. Why? Because moomoo wants to ensure you have all the information you need to make smart, responsible decisions with your money. With all the info at your fingertips, this will help you to make informed decisions on what’s worth investing in and work on building up your portfolio, whether it’s simulated or not.
By participating in the study, you'll not only be providing super valuable info on how sustainable trading education and social responsibility impact investor behaviour, but you'll also have a chance to win some pretty decent prizes too. The strongest portfolio at the end of the month gets a tidy $500 in cash coupons, and there are $20 cash coupons available for the runners up. Round up your mates for some friendly competition because moomoo also lets you track how each other’s virtual portfolios are growing. But if you're just starting out investing and are ready to learn the ropes, moomoo's powerful paper trading function is the perfect way to get started without risking any real money and learn about the market.
The next study launches on 1 May, so get in quickly because spots are limited. Find the terms and conditions here.
Editor’s note: this article was produced in partnership with moomoo. Thank you for supporting the partners who make Urban List possible. To read our editorial policy, click here.
Disclaimer: Financial services available through the Moomoo App are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL 224663). Investments in stocks, ETFs and other exchange-traded financial products carry risks and investors may suffer losses. No content in this article shall be considered a recommendation or solicitation for the purchase or sale of securities or other financial products. Please consider the Financial Services Guide and other disclosures available on moomoo.com/au before deciding to use our services. We do not provide financial advice that takes into consideration your personal objectives, financial situation or particular needs. You should consider the appropriateness of the information contained in this article in light of your personal circumstances before making investment decisions.