While most of us cannot access the seven wonders of the World in the immediate future, we can still access the eighth wonder of the world, compound interest. This is according to Albert Einstein, who said (allegedly) “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”
Raiz, in partnership with General Assembly, has been hosting a series of free, online events that will help you plan your financial goals in 2021 coming up!
The six-part series will be led by financial expert commentator Ben Nash and draws on practical experiences to help people build wealth and master a money mindset.
Some optimistic vaccine news from Pfizer has sent markets upwards, with the Pharmaceutical giant reporting that its vaccine trial has a 90% success rate in preventing COVID-19. Markets in the US touched record highs, with the hope of life and commerce perhaps starting to shift back to how it was in 2019.
09-11-2020
George Lucas, Raiz Group CEO
This week Democrat Joe Biden was named president-elect after defeating Republican Donald Trump to become the 46th president of the United States.
Bombarded by percentages all week? It can be enough to make even the financially savvy a little dizzy…
From the RBA lowering the cash rate from 0.25% to the lowest level in Australian history at 0.1%, to the percentage count of the US election results, there is a lot of information to process.
2/11/20
George Lucas, Raiz Group CEO
Global equities have just suffered their worst week since the market volatility in March when investors finally realised the full health and economic consequences of COVID-19. The market is attributing the sell-off to caution over the escalation in coronavirus cases and the US election, with the US tech titans the latest casualties in this selling.
Over the past few weeks, we’ve been rolling out an update to your performance graph, giving you more information than ever before on the progress of your Raiz account.
When it comes to managing your money, there are many quick and easy ways to start on the path to getting control of your finances. Here are five of the best.
26-10-20
George Lucas, Raiz Group CEO
The US is under the investor microscope at the moment, with markets being driven by the ongoing Washington deadlock over a new round of stimulus and the likelihood of a deal being brokered before the November 3 elections. At the same time, focus continues to be on the COVID-19 situation in the US as case numbers rise and some states report that hospitals are under strain.
