If you need help picking bad investments, choose Spaceship.
I put in $3000 at the lowest point during the pandemic, 2 years later I have lost about 40% of it. at the same time, I invested the same amount into a major bank and a national airline, making about 30%. There weren't management fees when I signed up, now they are taking $2.50p/m. I would be happy to pay if I was making some kind of profit.
Not too bad yet, maybe also too early to tell?
I believe in their long term strategy. Buying cheap is good right now, let's see what 7 years minimum brings for me (only just over a year for me at this stage). I like more about How much I know about investing thanks to their app. I have generally found their portfolio goes up and down as a mirror to market. Like I said I do also like buying units on the cheap as it's early days for me so not complaining, in for the long run.
Lost more than 15% of my super in 3 months
I’d heard great things about Spaceship so was excited to move 100% of my super over to them in Nov 2021. However, within 3 months I have now had 15% of my super wiped out, well below the average share loss in the beginning of 2022. Unfortunately I learned too late that “ASIC has banned former Spaceship Capital Limited director and CEO [Name Removed], of Elanora Heights, New South Wales, from providing financial services for a period of 6 years, after an ASIC investigation found he had dishonestly obtained his Australian Institute of Company Directors (AICD) qualification.” Source https://asic.gov.au I’ve now closed my account and moved it back to where I started, at a very hefty cost. I would avoid this company at all costs.
If I can outperform a 'professional' fund...
Started investing with Spaceship about a year ago. In that time, my own share portfolio has grown substantially while my Spaceship investments have lost money. I'm no expert in finance and investing, but that's kind of the point - if with my limited knowledge, I can outperform a so-called professional fund, then frankly that fund doesn't deserve my cash. The monthly fees are small, however on top of losing me money, I really don't see the point. Have withdrawn from Spaceship and won't waste any cash on them again.
No different to any other investing
Had my spaceship account going now for about 8 months and its performing worse than my first super account. Got the app because i was hoping it would be different than other super companies using more algorithms but it seems to just be the same. Old school investing knowledge on a newer platform. Nothing new here
Sign up with promo code and get $10 into your account
The market has been facing a bit of instability at the moment but it appears to now be on the rise again. If you sign up with code [Content Removed] spaceship will credit your account with $10. You can take this out right away if you wish and leave it in and watch it grow.
Was doing well. And something went horribly wrong!
I invest heavily across different platforms, but from last few months. I had been noticing a trend, they are investing in stupid companies like A2Milk and popodullar or whatever that name is and pulling money out from great companies like Netflix and Tesla. And what we have now is negative returns. I have invested 14.5k, 4 weeks back, it was 16k with 1.5k return in such a bull run. Now it is 14.5k with 0 returns for 1.5 year of continuous investment dollar cost averaging.
On top of it 2.5 per month charge for crappy fund management. Greed has...kicked in, that is for sure. I have my own portfolio where I invested in value stocks and with 7k initial investment I am 10k - 3k up. If I had invested with iShares Nasdaq. I would have been up 50–60 percent. Just follow S&P. Not sure who is fund manager but they need to be fired or someone like me should be hired .
Not suitable for micro investments
I chose Spaceship because they didn't have any fees for under 5K investments but they changed it very soon. Now I have lost %10 of my investment because of all negatives and on top of that they charge fees. I will take out my money and switch to a better performing app with lower fees as soon as market gets better.
$10 Sign up Bonus!
Great app. Market has its ups and downs but it’s a long term investment to set and forget.
Start investing with Spaceship Voyager today! Get $10 in your account when you enter this code [Code Removed] within 14 days of signing up and invest at least $5 in your chosen portfolio within 90 days of signing up. T&Cs apply.
New fee structure is bad they are getting greedy and lowered the refer a friend from $10 to $5 not good.
I have been with them for 6 months was good until they added the monthly fees. fees will be $2.50 per month for everyone over $100; which, while you’d still break even on paper with over 25% year-on-year returns (even through the worst of the covid-19 pandemic), has caused a lot of smaller investors to knee-jerk and abandon ship, devaluing everyone else’s stock options.
It was awesome for the first two days
I’ve been with Spaceship for all of about two weeks. In that time I’ve lost 5% of my original investment, and it keeps slipping, largely due to the new fee structure.
As of 1st November, gone are the 0.1% over $5k days - fees will be $2.50 per month for everyone over $100; which, while you’d still break even on paper with over 25% year-on-year returns (even through the worst of the covid-19 pandemic), has caused a lot of smaller investors to knee-jerk and abandon ship, devaluing everyone else’s stock options.
It’s a beautiful app, and I personally love using the automated periodic transfer in feature as an alternative to a bank interest-based savings account. I hope it continues to do well, but we’ll see.
Find performance great - service not so much.
Find performance is great. Unresponsive on all forms of communication - chat, phone even social media is slow. Like a 3 man operation. Good luck getting onto them. Send an email and just hope for the bests
Inconvenience for tax
They never give you receipt for every investment you made. Tax report every quarter. This year, the tax report of this year will be sent around 27 July. But we need to submit all before august.
It’s better if you can give us tax report whenever we need it !
Spaceship have been performing awful, I've been using them for a bit over a month and all they have done is lose money and I'm not talking a little, I'm about 1.4k down now.
A little known fact as well is that there is a 5 day delay in withdrawing money and you get the amount of money which is the lowest out of those 5 days.
Be careful, best not to use this platform at all.
love spaceship it's great!
As a first time and a beginner I started investing through spaceship i got Introduced by a friend of a friend I wanted to make some extra money on the side and since signing up I've enjoying using it and im very and happy and overwhelmed
Referal Code - [Code Removed]
The reviewer stated that an incentive was offered for this review
Questions & Answers
Hi for those who don't like Voyager for the many reason listed below, do you have any recommendation for any other alternative micro investing for someone who is starting out?
I have signed up on line. However I need to speak to someone.
I called, waited in the phone 5-10 mins, and in the end got a message ‘leave a message .... we will call back’. It has been 3 days, noone called yet....
What is the best way to get someone to talk to?
I faced same issue only way to get in touch is by live chat in app they never seem to awnser phone to get there go to your app then hit account then scroll all the way to the bottom click on help t...hen message us click send us a message click i have a question about spaceship voyager then type in operator then ask your question and wait for the reply may be a few hrs layer but they will reply between 8:30am-5:30pm
I’m still unsure which portfolio to choose. Any feedback/input will be much appreciated. Thanks.
Universe is the best portfolio for returns. If you care about nature then you could choose earth.
Get an answer from our members and Spaceship representatives
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