Smartphone Investing : Raiz Vs Spaceship Vs Commsec Pocket App
With the CommSec Pocket vs Raiz like the internet and smartphones investing has become more accessible and popular than ever before. But there are so many options out there. There is cryptocurrency, there are shares, there is gold etc. So where do you start? And more importantly how to not lose how hard earned cash.
Investing in the share market is a very risky business but the more you look at it the more it becomes an attractive business to you. Because there is good growth in the share market. You should know which shares to buy and also you should have chunks of money at least a thousand dollars to start with. If you are investing a small amount of money like 50 to 100 dollars you kind of end up more money than you make.
- What is raiz?
- How does Raiz work?
- How to close Raiz account?
- Which Riaz portfolio is best?
Answer to all above questions Riaz is a micro-investing platform with various raiz portfolios that you can link to your debit card and your bank account and every time you make a purchase it rounds it up to the nearest dollar and then raiz invest that amount into your raiz investment share portfolio on the platform. Another attractive thing about raiz is the low cost of entry but actually We could start investing with a small amount of money and you didn’t have to risk too much.
- Users can check their raiz portfolio performance in raiz app as well as they can grab various offers under raiz rewards section in the app.
- Raiz is also listed on ASX. If you want to find raiz share price, simply search raiz asx, raiz shares, raiz stock on google search.
- Raiz tax statements are sent by raiz yearly.
- If user wan to close raiz account simply they can do it through raiz app or by calling on raiz contact number.
- out of all portfolios raiz sapphire is the best one.
Best SPACESHIP VOYAGER Review
Spaceship voyager is a micro investing platform which provides you with the access to three managed funds which directly invests in shares. Spaceship voyager is not a brokerage platform but managed funds where your money is pulled and then invested and managed on your behalf. When you choose to invest in one of three portfolios available, a spaceship will handle the portfolio construction and how the money invested will be allocated. Each spaceship portfolio is a managed investment scheme which means you cannot opt out of any of any of the shares in the portfolio. You can invest as much as you want there is no minimum requirement all these three platforms offer diversification.
COMMSEC POCKET Review
- What is commsec pocket ?
- How does commsec pocket work?
- How to use commsec pocket ?
Answer to all ablove questions – This app works the same raiz investment app which so many people around Australia have been using for many years now. Commsec pocket etfs investing and it offers seven different investing options but all those investing options are just based on etfs and they keep it fairly cheap on this app. You can start with a minimum of $50 and up to $1000 and the brokerage cost is just $2. Overall the app offers seven different investment options:. These aussie top 700, aussie dividends, global 100, emerging markets, health wise, sustainability leaders and tech savvy.
RAIZ vs SPACESHIP vs COMMSEC POCKET APP:
These three apps are fundamentally very different from one another.
Structure: commsec pocket app and their structure is really simple and that is because all it does is to allow you to invest in exchange traded funds easily and it actually offers seven traded funds.
Things get a little bit complicated with raiz. It does use exchange traded funds however they do it in a bit different way. What they do is they offer six different options from low to higher risk and they actually diversify etfs which is a bit ironic when you think about the fundamental nature of an etf.
Spaceship voyager app actually manages funds very easily; it uses multiple etfs in different proportions. With managed funds there are so called experts that manage in and outs and then they change it based on what they think best.
Fees for investing according to raiz vs spaceship vs commsec pocket app
|Raiz fees||Spaceship voyager fees||Commsec pocket fees|
|$3.50 per month||$2.50 per month||$2 per trade under $1000|
|0.27% balance over $15000||some % on account balance + $30 P A||0.20% per trade over $1000|
Minimum investment according to Raiz vs Spaceship vs commsec
Commsec pocket has a minimum investment of $50 while raiz investment has a minute investment of $5 and spaceship voyager has no minimum investment.
The risk of commsec pocket apps is really low. You can look at their commsec pocket app and commsec pocket reviews.
Is raiz safe ? Is raiz worth it ? the risk obviously depends on which option. You choose they offer six different raiz portfolios along with raiz kids that are built on their risk level. Overall the risk level is medium to high in raiz. Overall, raiz reviews, raiz app reviews are very positive.
In spaceship voyager the risk they have is probably a bit higher because they haven’t existed for long. It came to Australia in 2018.
All these micro investing platforms. Comparatively like raiz vs spaceship vs commsec pocket app are differently worth considering they all seem fairly easy to use and they are very easy to beginners. The main difference between all of them is the fees. And I think spaceship has a lower fee even after all the adjustments they have done.