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.
In everyday life, we often refer to investing as putting time or effort into something that will provide a long-term benefit, such as an education. When we talk about investing from a financial perspective, we’re more concerned with investing money, with the expectation of generating an income or profit with a long-term benefit for you financially.
Life is inherently risky. Every decision you make, whether it’s getting into a car, going on a holiday, or moving house, carries some form of risk that things will not go as expected. But to dodge risk by locking yourself in a cocoon is to pay the highest price: you miss everything.
We welcomed the findings of a parliamentary committee that has rejected calls for an outright ban on screen-scraping, acknowledging that it found no evidence of consumer harm due to this practice. Screen-scraping is the name (albeit a poor one) given to the technology that powers our Round-Ups feature, allowing us to see banking transactions and find the virtual spare change with your consent.
Last week saw global equities hit record highs, ending a bear market that at one point had wiped a third of the value, or roughly $22 trillion, off publicly traded companies around the world, according to the FTSE All World index, which covers around 4000 companies in 47 countries.
As a Raiz investor, you have already begun your investment journey. You have experienced how simply putting aside the spare change from your purchases, or investing a little extra each week, fortnight or month can bring you a step closer to financial freedom.
Thanks to Raiz’s partnership with bundll, eligible Raiz users with a Raiz x bundll digital card can start bundling up all of their purchases right now into a single bill that’s paid later, ideal for smart shoppers who want control over how and when they pay for everyday purchases.
Here are a few quick and easy ways to start using your Raiz x bundll digital card.
The S&P 500 is close to a new all-time high, which is remarkable given the continuing coronavirus pandemic. Putting it in context, the index has risen by over 50 per cent from its intraday low on March 23, recouping all initial losses from the coronavirus crisis faster than in any prior bear market.