07-06-2022
George Lucas, Raiz Group CEO
US stocks slid to another weekly loss after the release of US labour market data reinforced expectations for continuing monetary policy tightening from the US Federal Reserve. The jobs data showed the US economy added 390,000 jobs in May, slightly below the 436,000 in April.
There’s big news when it comes to your super. The law has changed on the super guarantee – the contribution your employer is required to make into a super fund on your behalf. On July 1st 2022, the mandatory amount of your pre-tax income that goes into your super increased from 10% to 10.5%. Here’s how that could help you in the long-term.
Plant a Tree is back! For the entire month of June, for every person you refer that receives the $5 referral bonus, we will also plant one new tree on your behalf!
Thanks to our Raiz community, we have so far planted 9,799 trees in Western Australia on our users’ behalf!
Through our time at Raiz Home Ownership, we have seen that while many people have the income to afford a loan, the hard thing to do is to build up the deposit. This was one of the reasons Raiz was started in the first place; to assist in saving for life goals such as deposits for houses. Read Post
23-05-2022
George Lucas, Raiz Group CEO
The MSCI world index of equities, which tracks shares in 50 countries, fell more than 1.5 per cent last week. It has now fallen more than 5 per cent in May and more than 18 per cent since a peak in early January, making it the index’s longest losing streak since its establishment in 2001.
Plan on investing some funds into the market in a diversified portfolio? While everyone has different amounts that they can afford to invest or want to invest, a question many people ask themselves in these market conditions: “Should I invest now, or later?” Read Post
2022 has been a challenging investing environment. For those new to investing, this may have been the first time you have experienced market volatility and possibly a negative return on an investing portfolio. Read Post
The RBA has raised the cash rate for the first time in 12 years and that’s big news. The cash rate went up by 0.25% in May 2022 and is currently sitting at 0.35%. Hopefully it means higher term deposit rates, but for those with property, it also means higher home loan rates. Read Post
Exciting news! Raiz Kids has been rebuilt from the ground up, with new features and more control for both parents and children.
We have some exciting news to share! Since inception, the Raiz community has rounded-up over $400 million from everyday purchases. It is a powerful reminder that even little bits can add up to a lot! Want the low-down on how you can use Round-Ups at Raiz?
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