FirstStep
FirstStep[1] is an Australian micro-investment mobile app developed by a team working in conjunction with Sydney University Union Incubator[2]University of Sydney Union - INCUBATE. The app provides general education to retail clients and provides a platform to make investments according to their risk tolerance. The app works on the premise of dollar cost averaging of investments and provides clients access to exchange-traded funds. Research and reports done at the University of Sydney and work done at the Financial Literacy Foundation set up by the Australian Securities and Investments Commission (ASIC) highlight the level of understanding regarding general money management among the Australian public.[3][4][5] The FirstStep app is based to address issues young Australians highlight they face when investing.[6]
References[edit]
- ↑ "Home". FirstStep. Retrieved 13 August 2015.
- ↑ "INCUBATE Startups". Incubate. Retrieved 26 July 2015.
- ↑ "Poor financial literacy leave Australians vulnerable - See more at: http://sydney.edu.au/business/news/2015/poor_financial_literacy_leave_australians_vulnerable". The University of Sydney Buisness School. Retrieved 26 July 2015. External link in
|title=(help) - ↑ "Financial literacy Australians understanding money" (PDF). MoneySmart. Retrieved 24 July 2015.
- ↑ Ali, Paul; Anderson, Malcom; McRae, Cosima; Ramsay, Ian Ramsay. "The financial literacy of young Australians: An empirical study and implications for consumer protection and ASIC's National Financial Literacy Strategy" (PDF). Retrieved 26 July 2015.
- ↑ Sadler, Denham. "Agent of change: New startup helps young investors take first steps". Startup Smart. Retrieved 14 August 2015.
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