Micro Investing is a promising concept. With features like round up investing, automatic investments, extremely low minimums and easy to use investment apps, they seem like a great option for beginner investors in Australia. But, platforms like Spaceship Voyager, Commsec Pocket and Raiz are not what they seem.
*UPDATE* Although not covered specifically in the video, Spaceship Voyager just announced they will be introducing a new fee structure which will charge users $2.50 per month (similar to Raiz). What do you think about this news? Let us know in the comments!
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TIMESTAMPS:
0:00 Intro
0:31 What is Micro Investing
2:59 RAIZ
6:24 CommSec Pocket
7:28 What is the real issue
8:59 Outro
MUSIC:
Morning Stroll (YouTube Audio Library)
Highball (Prod. by Lukrembo)
Sunny Days (YouTube Audio Library)
To Pass Time (YouTube Audio Library)
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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
The information in this video does not constitute financial or other professional advice and is general in nature. Connor and Alan are not financial advisors nor are they liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, in this video.
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