You may have seen the eye-watering prices being thrown around on the internet for digital art, video clips, animations, and even memes. A few days ago someone bought a digital video by Beeple for $6.6 million. Why would anyone pay such large amounts for items they can view for free on the internet? The answer lies with the recent explosion in popularity of digital tokens, known as non-fungible tokens (NFTs).
Some of the biggest rewards of this year are now live for our first ever March Madness! For 2 days only (March 11-12), many of your favourite brands have decided to give Raiz customers exclusive boosted rewards.
Do you know what types of life insurance you already have – and how much you may need, if any?
According to a recent study by research firm Rice Warner, the average level of life insurance Australians have is around half the amount they need to be financially secure.[1] So that means many Australians may be underinsured compared to their expected level.
It is fast approaching that time of the quarter… dividend time! Let’s see what this could mean for you and some of the ETFs available in the Raiz Portfolios.
01-03-2021
George Lucas, Raiz Group CEO
Last week, we saw a sell-off in equity markets driven by a significant sell-off in the bond market (a rise in developed market government bond yields).
For most investors, investing comes with a strong emotional attachment. If stocks go up, it is easy to feel elated. If stocks go down, it is even easier to feel devastated. It’s only through experience in the market that we can learn how unbeneficial it is to be emotionally invested in our investments.
17-02-2021
George Lucas, Raiz Group CEO
First to equities. The MSCI World Index, the broad global equity index representing large and mid-cap equity performance in all 23 developed markets nations, has risen around 6 per cent since COVID-19 vaccination programs started in early December.
When you buy a house for another party you will need to pay Transfer Duty (formerly known as Stamp Duty). However, if you’re a first home buyer in NSW you will only pay a concessional rate or no Duty at all if you meet a set of criteria.
Economist were on the edge of their seats on Tuesday… but not because of GameStop stock. It was the Reserve Bank of Australia’s (RBAs) interest rate decision day, and it came with some surprises. Whilst the RBA governor Philip Lowe announced that the Central Bank will keep its cash rate target at a record low 0.1%, which was expected, he also said that the RBA was unlikely to consider raising this rate before 2024. That is over three years away!
Buying a home at auction can be a pretty stressful time. The money stakes are high and most people are likely out of their comfort zone. Here are some tips to help bid at auctions confidently.
