12-10-20
George Lucas, Raiz Group CEO
Last week saw China’s currency stage its biggest rally in 15 years, spurred on by a wave of foreign demand for Chinese assets and rising expectations that a victory by Democratic hopeful Joe Biden in next month’s US presidential election could help reset relations between the two superpowers.
We have all made changes to our everyday lives out of necessity or choice because of the COVID-19 pandemic. It has touched each and every one of us, affecting where and indeed if we are working, how we connect and stay in touch with our families and friends, how we exercise, and how we shop.
Today we are pleased to report reaching the significant milestone of having over $500 million in Funds Under Management (FUM) in Australia at the end of September.
Raiz Rewards purchases have surged as shoppers return to stores across Australia and the nation’s retail industry shows signs of bouncing back from the COVID-19 lockdown.
Raiz Super now has over $70 million in funds under management (FUM).
Just like a bank account or your Raiz Account, superannuation is your money. That’s why we want you to feel confident and connected to your future, enabling you to view all your investments in one place, on your mobile phone, through the Raiz App.
28-09-20
George Lucas, Raiz Group CEO
With the US election fast approaching, research shows most investors think Democratic nominee Joe Biden will win the US presidency over Republican incumbent Donald Trump.
Saving can be tough in this current environment, but that doesn’t mean you should give up on building a financial nest egg for you and your loved ones.
While growing your savings undoubtedly takes a degree of effort, there are some simple ways to start on the path to financial security.
We often get asked “what is the performance or return of my Raiz investment”.
Calculating how an investment is performing is typically done using one of two standard methods that you may have heard of before. One method is called Return on Investment (ROI) and the other is called the Internal Rate of Return (IRR).
Australia has officially entered recession for the first time in nearly 30 years, and with the continued presence of COVID-19, we may be in for a protracted period of economic fallout.
14-09-20
George Lucas, Raiz Group CEO
Last week saw a pullback in the US equities market, led by a major sell-off in the US tech sector. The pullback wasn’t restricted to the US, with similar slides in other stock indices overseas and in European markets. However, the pull back in Europe has not be on the same scale as the US.
