The Australian market saw a significant boost last week, with the ASX 200 surging by 2.1%, marking its best performance since December. This rally was largely driven by the banking sector, which reached new record highs, and strong performances in Financials and Consumer Staples sectors. Despite this upbeat market movement, the economic backdrop revealed some challenges. Read Post
A broker’s note on the state of gold mining stocks has been a huge driver of trading activity for one Western Australian-based company. ASX Gold shares have been enjoying gains this year as investors look towards bullion as a safe haven in uncertain economic times. The price of bullion is currently trading around US$2,336 per ounce which is up over 15 per cent since the end of February.
In Australia, the ASX 200 faced a challenging week, closing down 0.3% despite a late rebound on Friday. The initial sell-off was triggered by a hotter-than-expected CPI print, where April consumer prices rose 3.6% year-on-year, surpassing estimates of 3.4%. This prompted a re-evaluation of inflation expectations and market sentiment. Read Post
Jake, a seasoned Raiz user of almost 5 years, embarked on his financial journey after discovering the platform through social media, first hearing about Raiz (‘Acorns’ at the time) through the Facebook group ‘Aussie Investors.’ “It was pitched as a way to save money,” Jake recalls, reflecting on his initial motivation to start using the platform. Read Post
Despite retesting its record high of 7,910pts last week, the ASX 200 was down 1.1% this week, reflecting growing doubts over the Fed’s potential rate cuts amidst strong economic data. The index experienced its first four-day fall in five weeks, with only four out of the eleven major sectors ending positively. Read Post
We are delighted to introduce a new addition to our investment offering at Raiz Invest this March: the SPDR S&P 500 ETF Trust (SPY). This ETF is now available for all Raiz users with Plus portfolios.
The ASX 200 wrapped up the week with a 0.8% gain, bolstered by positive news on multiple fronts. Thursday saw the index’s most substantial surge of 2024, following reports of Australian unemployment rising higher than anticipated in April. Read Post
Below is a short summary of the highlights of the 2024 Federal Budget that may impact the Raiz Community, a few things we should all watch out for as the Budget alerts investors to changes in taxation policies, investment incentives and economic forecasts which could impact the stock market and individual portfolios.
From single-parent households to blended families and guardianships, “typical” Australian family structures have evolved. Universally, we all strive to set the next generation up with the best education, habits and opportunities both financially and throughout their lives. As we celebrate National Families Week, it’s the perfect time to explore how families of all shapes and sizes can harness the power of Raiz Kids to shape their children’s financial futures.
We are thrilled to announce an expansion of Raiz Plus with the addition of 8 new ETFs and 26 new stocks! Read Post
