Awesome starting point for those that start with nothing
Had zero savings. It's literally like putting your digital silver change into a digital money box that make you more money. And you can do surveys to counteract the fees.
My link for starters to get free money https://links.raizinvest.com.au/3K3S
Thankyou if you use it as I get it as well.
Great way to start investing
This app has been great for me. I have it linked to my account with the auto round up feature. The automatic savings and returns on them has been awesome.
Once I hit a certain amount I withdraw it to invest in the ASX.
Use this referral code to get AUD$10 when you sign up- TUFG2Q
Great way to get some yield when bank savings accounts don't..
Easy and reliable way to get some returns on my savings. App works very well and it's pretty inexpensive compared to other platforms. Gives access to diversified portfolio at a lower cost and also some pretty cool discount/reward offers.
Raiz is a fantastic set and forget micro investing tool to help you take control of your future
I have been using Raiz as a long-term investing product since 2017 and have been using the Aggressive Portfolio which has provided me an impressive 20.69% return overall (Not indicative of what everyone's performance would be based on a number of factors such as time in market and frequency and value of money invested - past performance is also not an indicator of future performance)
Raiz lets you select a from several pre-defined portfolios from conservative to aggressive. You set up daily, weekly, fortnightly, or monthly reoccurring investme...nts to a value of your choosing and can also link your bank account to round up your spending into your Raiz account. i.e. spend $3.50 on a coffee and $50c will get invested at set points (when your round up total reaches $5 as an example). One of the best features is fractional shares in your portfolio, i.e. your $100 fortnightly investment gets you a percentage of the shares in the different ETF's that make up your portfolio. Other features such as finance tracking in the app from your linked bank account and rewards for shopping at partners is a bonus. There is a monthly fee that can potentially be deducted from your tax at the end of the year and underlying ETF fees that you don't see. Raiz also makes sure that your investment's stick with the target allocation for your portfolio.
Spaceship Is Better
You need to pay a monthly $2.50 fee for Raiz regardless of your account balance. For Spaceship, you only pay a monthly fee for balances over $5,000.
I guess it also depends on your portfolio; my Raiz one hasn't been that great (currently at a loss since the beginning) and to further take the hit is the monthly fee. On the other hand the Spaceship is rocketing and I don't even need to pay a monthly fee.
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