Raiz Invest App

• Raiz Energy – I received $46 invested when I connected my account with Simply Energy through Raiz Rewards when I moved house and I got a 50% gas discount (was previously 35%
• Virgin Australia 0.7% invested from any flight booked
• Booking.com 5.6% of your booking invested once you have completed your stay
• Groupon 2.8% of your purchase invested
• Telstra mobile up to $42 invested when you sign up for a new phone or sim only plan
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Also Adidas, Apple, City Beach, Converse, Cotton On, Emirates, The Good Guys, Hello Fresh, Menu Log, Uber Eats, Uber,  Pet Stock, The Body Shop, Travel Insurance Direct, Under Armour and many more.

How does Raiz invest my money?

The Raiz Invest App invests the money in my account accumulated from Raiz Rewards, round ups and top ups amounts I transfer, in a  portfolio of ETF’s (exchanged traded funds) that include shares, indexes, bonds and bitcoin. Raiz also re-invests the dividends from these investments straight back into my Raiz Investment App to compound my returns. The average rate of return on the Raiz Invest App is currently around 12%. This is however varies dependant on the level of risk you set your account to. You can choose to set your portfolio to a risk level from conservative to aggressive.

I chose the Sapphire Portfolio so that I could include 5% bitcoin in my portfolio. While this does attract an additional fee each month (so far has been 40 – 50c per month) however the benefits of including bitcoin have far outweighed that extra cost.

Several weeks ago my 5% bitcoin grew to 12.5% bitcoin and the Raiz Invest App re-balanced back down to 5% right before the bitcoin correction and locked in my profits. This is the advantage of having the Raiz Invest App trade for you, they have all the knowledge, resources and technology to make the best trading moves for your account. You also have the option to build your own portfolio.

I can see the performance of my portfolio from the Raiz Invest App and it updates daily from the history section. The history summary includes, how much I’ve invested, how many dividends have been re-invested, the market return on my investment, Raiz Rewards I’ve received and how much I’ve received from referrals (yes that’s right they pay you $5 (sometimes it’s $10) when you refer your friend by sending them your invite link.

Can I take my money out of the Raiz Invest App?

Another thing I love about the Raiz Invest App that my investment is fluid, I can take it out or add to it at any time  (it does around 2 -4 days to clear into my account). There is also the option to transfer my funds to the Raiz Kids Accounts I have set up within the app. I have it set to transfer a percentage of my account to my kids when they are 18 and I can change also this at any time. I can also change or stop the round ups at any time and stop or change automatic top ups too.

Is the Raiz Invest App secure?

The Raiz Invest App features bank level security and nothing is stored on my phone. The app is pin number protected just like a banking app and my funds are insured against criminal activity including cyber crimes.

Is the Raiz Invest App regulated?

The Raiz Invest App is regulated by the Australian Securities and Investment Commission  (ASIC) and operates under it’s own Australian Financial Services License (AFSL 434776).

How much does the RAIZ Invest App cost?

So what does it cost? Well the Raiz Invest App is free to sign up. Once you’ve got $5 in your account (which Raiz will put in your account – sometimes it might be $10, if you sign up using this link), the Raiz Invest App starts investing your account balance, and you only pay $4.50 per month (or 0.275% per year on accounts over $20,000) for the service of your automatic round ups and management of the investment of your account balance. Personally I have found the $4.50 per month is more than worth it for the round up service that forces me to save, and now my balance has grown the returns, rewards and dividends reinvested far outweigh the monthly fee.

Check out the Raiz Invest App free and claim your $5 start up bonus

Not sure about the Raiz Invest App? Register for the Raiz Invest App for free using this link then download the app for free from Google Play or the App Store to have a look around at all the features and to browse the reward partners. If you use this link to register your Raiz account, once you deposit a minimum of $5 they’ll kick off your account with another $5 (sometimes $10) so you can start micro investing right away.

Summary

In summary the Raiz Invest App –

• The Raiz invest app does all the trading for you
• Is quick and easy to set up
• Allows me to round up so I am saving and investing every time I spend
• Option to set up an investment plan with regular deposits that I can change anytime
• Balance is available to withdraw anytime
• Gives me $5 (sometimes $10) to get started
• Only has a small fee each month ($4.50) for the service of round ups and trading for me
• Reinvests my dividends to compound my returns
• Offers me rewards for spending at some places I’m already spending and invests these rewards for me
• Is a regulated, safe and secure app with returns each year around 12 – 15%
• Pays me $5 (sometimes $10) for referring my friends when they sign up and deposit a minimum of $5
• Takes me little to no time each week to manage

Cons

• Higher monthly fees than Spaceship Invest
• Lower annual returns than Spaceship Invest
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I personally love that I am using my spare change and the money back on things I would have bought anyway to be invested in building a nest egg or to use to save for a family holiday in the future. If all those savings, cash back and investment incentives weren’t enough, then show your friends, share with them using the link in your app. When they sign up, you get $5 (sometimes $10) into your Raiz Invest App Account and so do they once they’ve registered and deposited at least $5! If you’ve always wanted to get into investing but haven’t had the money, don’t know where to start or perhaps you are looking for a way to save for something special, micro investing and saving with the Raiz Invest App may just be for you.

To find out more about the Raiz Invest App and to get started head to www.raizinvest.com.au

Disclaimer: This is not financial advice I am simply sharing something that is working for me.  Trading in the share market is risky, please only trade money you can afford to lose. No trade results can be guaranteed in any time of real trading activity. You should consider seeking independent legal, financial, taxation or other advice before making any decisions.