Uncategorized Archives - Page 44 of 53 - Raiz Invest

Do you like to save? Here are 5 ways to save more by making the most out of Raiz!

Automate your Savings Goal

By automating and naming your savings goal, this will help reaching your goal easier. With our Savings Goal feature, you can set a recurring investment in-line with your pay day, as Raiz allows you to customise investing daily, weekly, fortnightly or monthly. You can customise the goal name to keep you focused on what you are trying to achieve. You are also less likely to miss or notice the money when investing in small amounts regularly and stops you from thinking “I will save on my next pay” (on every pay check!). For more information on Raiz fees, click here.

Check out ‘Uncategorised’ tab in My Finance

MyFinance is a free to use feature within the Raiz app. It provides you personalised insights and notifications on how you are spending. Spending is the other side of the equation and keeping a handle on this can help you meet your savings goals.

MyFinance also projects your future free cash based on your past spending and income, which may also help you determine if you are spending above your means or if you can save more. To make the most out of it on ways to save more, link up all your spending accounts and check out the ‘Uncategorised’ tab within ‘Categorise Transactions’ to categorise any that MyFinance was unable to. MyFinance will then learn to give you better insights, powered by machine learning technology.

Do your normal shopping through Raiz Rewards

Better than loyalty points! Racking up points which you can redeem later (for half a toaster…) have been the traditional model for rewards programs. With Raiz Rewards, by just clicking through our links, you can earn a cash reward on eligible purchases, invested back into your Raiz account. Just like the Raiz philosophy, all these small rewards can add up, especially with over 100 brands partners to shop from. Already do your clothing or grocery shopping online? Take advantage of saving more simply by doing the same shopping through the Raiz platform and receiving a cash reward every time. Read more about ways to save with Raiz Rewards on our blog – ‘Raiz Rewards: Cash-forward is the new cashback‘

Get to know your finances instantly with Ashlee, the Raiz Chatbot

The problem with managing your finances in the past was having to manually do it yourself, usually through a tedious spreadsheet. We’ve changed this by integrating our chatbot, Ashlee, with Facebook Messenger. Much like a personal fitness coach, Ashlee makes getting to know your finance easy and simple. She can respond in real-time on questions around your spending habits e.g. “How much did I spend on shopping last week?” or “how about last month?” as well as answer questions on future savings e.g. “Can I afford to buy a new phone?” or “how long will it take me to save $2,000?”. For more questions and ways to save more, check out our blog – ‘Ask Ashlee – Raiz Intelligent Chatbot Questions‘

To use, just go into your Facebook Messenger app and search for ‘Raiz Chatbot‘. Please note, you will need a Facebook Messenger account to access the Chatbot. The more up to date your MyFinance is with categorised spends and linked accounts, the more accurate the responses from Ashlee will be.

Personal Contributions to Raiz Invest Super

The more you save for your future now, the higher the potential income can be when the future arrives. New laws passed in July 2017 means all employees are now eligible to claim personal tax deductions on contributions up to a cap. Prior to this, it was limited and required arranging a salary sacrifice with your employer. This means now your savings in Raiz Invest Super may be tax deductible* through personal contributions!

You can also open a Raiz Invest Super account and see all your other superannuation funds or consolidate any other existing Super funds you may have into Raiz Invest Super. By doing this, it may save you more from removing extra fees and insurance premiums. With Raiz, see all your investments in one place on your mobile phone.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

* For the new rules, there are certain eligibility criteria, which are not trivial, so you do need to check with a licensed tax adviser (or other) before deciding to make voluntary contributions and claim a deduction.

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Thanks to Channel 9 News for the great piece on how Raiz is helping Australians save more for their goals and Superannuation! To read more, please go to their article – ‘The app increasing your super while you spend’ or watch the video below.

Article Excerpt:

Raiz is helping consumers use their spare change to boost retirement savings through an easy-to-manage investment account. And Raiz user Nathan Martyn said he has already saved hundreds.

“I wanted to start paying attention to where my super was and how it was likely to generate over time,” Martyn told Nine News.

“I’ve had over the last six months about $500, which has generated about a 10% return,” he said.

Superannuation money is invested into the same funds as the investment account where your spare change goes. You then choose whether to invest in lower or higher risk funds, and can see how it is performing every day.

“You have a Raiz invest account and with the push of a button your details are transferred over to create a super account,” said Raiz chief operating officer Brendan Malone.

“It brings all your super into one place, into one investment app where you can see the opportunities.”

For more information on Raiz fees, click here.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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We are excited to announce a new feature – the Raiz Facebook Chatbot – Ashlee – to help you feel even more control of your finances!

Ashlee, the intelligent Chatbot, can answer both generic and specific questions relating to you such as “What is my balance?”, “How much did I spend on shopping last week? last month?” or “Can I afford to go out tonight?”

Ashlee responds in real-time to questions specific to you, through Facebook messenger to your mobile phone. The more up to date your MyFinance is with categorised spends and linked accounts, the more accurate the responses from Ashlee will be.

To use, just go into your Facebook Messenger app and search for ‘Raiz Chatbot’. Please note, you will need a Facebook Messenger account to access the Chatbot.

Below is a list of questions you can ask Ashlee, the Raiz Chatbot! Ashlee can answer both generic and specific questions relating to your Raiz account. Feel free to try ask her any other questions so we can continue improving her responses. For more information on Raiz fees, click here.

Below is a Video Demo on how to get started with Ashlee – the Raiz Chatbot:

Article Mentions

• Adviser Voice: Raiz Invest brings financial insights to life with Facebook chatbot 
• Yahoo 7 Finance: The new Facebook chatbot that’ll revamp your finances
• Australian Fintech: Raiz Invest brings financial insights to life with Facebook chatbot
• IFA: Raiz addresses Millennial advice gap with chatbot
• Investor Daily: Raiz targets millennials with Facebook chatbot
• Computerworld: Raiz launches chatbot in response to banking Royal Commission

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Sydney, Australia – September 18, 2018: Raiz Invest Limited, the mobile-first micro-investing platform, has today launched a chatbot to improve the user experience. Customers can ask Ashlee specific questions about their account or the financial markets and get general customer support. Much like a personal fitness coach, the aim is to help Australians have a healthier relationship with their finances.

With an active (paying) customer base of more than 172,000, skewing towards the under-35 demographic, Ashlee provides intuitive and real-time responses. Integrated on Facebook Messenger, it takes advantage of the personal and instant nature of the app in aligning with millennials.

Personalised on-demand investment updates

Ashlee further personalises the Raiz experience. She will answer personal spending questions by category including shopping, entertainment and dining. She’ll even advise whether you can afford to go out for dinner by predicting your future cash balance based on historic spending patterns.

Developed by Raiz and powered by the latest artificial intelligence (AI) technology, Ashlee offers tips based on your historic spending and income. This provides a personalised experience via your mobile phone whenever you need guidance. This helps to plan more effectively for the future. Check out the type of questions you can ask here.

“The Royal Commission into financial services will cause a significant reduction in the number of financial advisors and consultation costs will increase,” Raiz Invest Managing Director, George Lucas, says. “The average Australian will find it more difficult and expensive to get financial advice.

“Ashlee is designed to fill part of this gap and will improve over time. Her investment and spending tips are instantly available, providing customers with bite-sized financial assistance when they need it most via their mobile phone.”

The future of micro-investing integration

Ashlee continuously learns and gathers new insights using artificial intelligence. She’ll eventually be connected with Google Assistant and Siri.

“Ashlee will help young Australians engage with their financial future by providing instant financial assistance when they need. This will give millennials the freedom to make better financial decisions for the future,” Lucas says.

“Improving financial confidence is a goal we’re passionate about at Raiz. We’re excited to see how we can further adopt AI and help our customers make better decisions. We strive to continually think up new and innovative ways to improve engagement with their savings, so they can meet their goals.”

You can find Ashlee by searching ‘Raiz Chatbot’ on the Facebook Messenger App.

Below is a Video Demo on how to get started with Ashlee – the Raiz Chatbot:

Article Mentions

• Adviser Voice: Raiz Invest brings financial insights to life with Facebook chatbot 
• Yahoo 7 Finance: The new Facebook chatbot that’ll revamp your finances
• Australian Fintech: Raiz Invest brings financial insights to life with Facebook chatbot
• IFA: Raiz addresses Millennial advice gap with chatbot
• Investor Daily: Raiz targets millennials with Facebook chatbot
• Computerworld: Raiz launches chatbot in response to banking Royal Commission

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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New to investing or want to test your knowledge? Below are some helpful investing definitions on common words related to investing.  It would be great if there were no risks associated with investing, but there are, and because of market movements and other risk the value of investments can go up and down. To learn more about risks you should read this blog – ‘Risks of Investing’ 

ETF

Short for ‘exchange traded fund’, is a security that trades like a stock on a stock exchange. It usually tracks an index of stocks, bonds or more alternative assets like commodities of infrastructure.

Dollar Cost Averaging

An investment principle of buying a fixed dollar amount into a particular investment on a disciplined regular basis. The investor purchases more shares (units) when prices are low and fewer shares when prices are high.

S&P 500

The Standard & Poor’s index that tracks 500 of the biggest companies listed in the USA and is a favourite tool for analysts trying to understand how the US market as a whole is performing.

Net Worth

The value of your assets minus any debt you owe.

Compounding

Generating earnings from previous earnings, when these returns are reinvested. Such as when the dividend you previously earned on your investment starts earning market returns as well.

Diversification

Spreading your money among different investments to reduce the market risk.

Asset

Anything of value is an asset: cash, stock, a car, a house, even the money owed to you by someone else.

Dividend

Money paid by a company back to their shareholder, out of its profits.

Volatility

The rate at which the price of an asset changes – increases or decreases – over a given period of time. It is used as a measure of market risk.

Liquidity

A market’s ability to absorb a purchase or sell order for an asset without causing significant change in the asset’s price.

20-30-50 Rule

Allocate 20% of your monthly income towards goals, 50% for fixed expenses and 30% for flexible spending.

Basis Point

1 basis point is equal to 0.01% so 100 basis points is 1%.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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While the Raiz Philosophy is to invest small amounts regularly to manage the uncertainty associated with markets, it cannot eliminate it.  All investments carry risk, and some of them are not market risk. Different strategies may carry different levels of risk, and assets with the highest long-term returns may have the highest level of short-term risks.

Below is a list of significant risks to consider before using Raiz. For more info, check out our Raiz PDS.

PERFORMANCE RISK

The value of your Raiz Investment Account, can go up or down. Returns are not guaranteed, and you may lose money. The rate of return varies, so future returns may differ from past returns. Risk impacts vary for individual investors depending on age, investment time frame, and other investments held.

MARKET RISK

Changes in financial markets, the economy, political changes, technological developments, and changes in market sentiment continually affect the value of investments and the level of income they generate. For instance, if you request a full cash withdrawal or close your Raiz Investment Account the amount you receive may be different (including less) from the last value displayed in your App due to market movements.

INTEREST RATE RISK

Changes in interest rates can directly and indirectly affect investment value or returns. For example, an increase in official interest rates can result in a increase in the interest you receive on your cash but could also cause a fall in the value of bonds and other fixed interest securities.

PORTFOLIO PERFORMANCE RISK

The performance of your Raiz Investment Account may vary from the performance of another Raiz Investment Account which invests in the same Selected Portfolio. This is because contributions will be invested in the Selected Portfolio over time and for differing amounts, and the rebalancing algorithm may lead to different weightings between Portfolios, differences in fees charged and in buy/sell spreads incurred when selling ETF to pay fees.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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‘That’s a future me problem’. Have you ever thought that to yourself? It’s a common thing that we all do. We tend to always care less about future you than the current you, which can lead to negative consequences.

This is a problem that affects everyone. For example, it is why 13% of Australian’s still smoke, as it is a problem for tomorrow. Also surprisingly, 40% of Australians have no idea how much money they have saved for future them in their superannuation, and 1 in 4 Raiz users have four or more Super funds, eroding away their money through extra sets of fees and maybe ineffective insurances.

Before online superannuation products came out, it would take hours to sort this all out, or cost thousands if you asked a financial planner.  However, today it can be done in a few minutes. So by taking just a few minutes today to sort out your future, this can potentially save you a life changing amount for tomorrow. Yet most of us don’t and won’t do this. But why don’t we care about future us?

The most famous case is the Marshmallow experiment.

In it, researches gave children some marshmallows. The choice was simple: one treat right now or two treats later. They had the option to either eat them straight away or wait for the researcher to come back in 15 minutes and then they’d get double the marshmallows.

Only a few kids managed to wait until the researchers came back to be rewarded with two treats. Researchers have since tried to uncover the reasons behind why we care less about the future you vs. present you:

1. You see future you as a foreign person.

Several studies have revealed that we often treat our future selves like complete strangers. This is the main reason you may struggle to save money or can’t choose the healthy salad despite promising yourself to be on a diet this week.

The good news is that by getting better connected with future you, you can make better choices in the now and later, such as creating a Savings Goal or actively showing your future funds to the present you.

2. Our brains are hardwired to not think about our future you.

Studies have also found that thinking about your current self triggers different brain regions than when thinking about your future self. Thinking about future you actually activates the same areas of the brain as when we think about other people. This means our brain transmits present and future consequences to different parts of your brain. While you may know the benefits of helping future you now, you are unlikely to feel it.

One way to train yourself in changing this is by linking present goals with future ones. For example, by seeing both your short-term savings goal and superannuation in the one place, this will allow you to better link and recognise your present self with your future consequences and rewards.

3. We prefer definite over indefinite options.

Is there a guarantee there’s really going to be double the number of marshmallows if we wait? Earlier studies showed there are many situations in which children can’t be certain that they would receive the delayed outcome. However, as we develop into adults, this is a thinking pattern we can learn to be aware of. Think in certainty. For example, while the time of your retirement can feel indefinite, it is certain that sorting out your superannuation now will allow you the best possible outcome for your retirement later.

By being self-aware of how you can help future you, this will mean a better outcome for both of your selves today and tomorrow!

Feel more connected to your future now by exploring ‘Raiz Super’ in Raiz App today 🙂

For more information on Raiz fees, click here.

Remember: “The best time to plant a tree was 20 years ago. The second-best time is now.”

References:

https://www.ncbi.nlm.nih.gov/pubmed/5010404

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2656877/

https://www.ncbi.nlm.nih.gov/pubmed/18156588

https://www.newscientist.com/article/2127901-your-true-self-the-future-is-a-foreign-person/

https://jamesclear.com/delayed-gratification

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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Choice, the leading consumer advocacy group in Australia, has provided a very comprehensive and extensive explanation of all things Raiz. To read more, please go to their article – ‘Raiz: Spare change and smartphone investing’

Excerpt below:

Historically, two things have worked against young people investing in the stock market. First, a lack of knowledge about how to start investing.

Second, not having enough money available to be of interest to the businesses that facilitate such investments.

For example, if you chose to cut out the middleman and invest directly in the same ETFs, you would need hundreds of dollars to buy a single ‘unit’ in one of these funds.

Likewise, investment funds, financial advisers and stockbrokers are typically only interested in clients who have a substantial sum to invest.

Overcoming barriers

Raiz addresses both of these barriers to entry.

First, while Raiz does aspire to educate its customers, they don’t need to know anything about investing to get started.

Customers just download the Raiz app to their smartphone then link their Raiz investment account to their bank accounts and credit or debit cards.

Raiz then pools the deposits from its customers and buys units in ETFs.

For example, if 100 Raiz users deposit $9.50 each, Raiz will arrange the purchase of a $950 ETF unit and give each of those customers a one per cent stake in it.

When that ETF pays dividends and distributions, each of those customers receives a one per cent share.

Raiz isn’t an ETF (or a brokerage, or investment fund). It simply provides the platform that allows its customers to pool their money and invest in the stock market via ETFs.

Expert opinions

Raiz has attracted a lot of attention, including from the nation’s personal finance experts.

Noel Whittaker is a fan, having long dreamed of a product available to “anybody with a few dollars to invest, where investment could be automatic and your money placed in share-based investments without the hassle of going through a broker, paying brokerage or trying to save a big lump sum to get going”.

To read more, please go to their article – ‘Raiz: Spare change and smartphone investing’

For more information on Raiz fees, click here.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

 

Important Information

The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.

A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.

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If this is your first time using Raiz to invest and save, we wanted to assure you that Raiz takes your security seriously (being an ASX publicly listed company and ASIC regulated).

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