May 31, 2020
Want to get some context on these upcoming global economic data points and understand what they mean? Raiz has you covered! Read Post
Uncategorized Archives - Page 32 of 53 - Raiz Invest
May 29, 2020
From Kylie Purcell – investments editor at Finder
There’s no doubt that COVID-19 has had an enormous impact on markets the world over, as investors scramble to find a good place to keep their money.
Read Post
May 25, 2020
We all have that one mate (or several) that cannot keep their mouth shut about Bitcoin (BTC). If you are struggling to think of which friend that may be, chances are that person is you. Irrespective of your personal affinity for the cryptocurrency, Raiz has released the Sapphire portfolio with a target weight of 5% towards Bitcoin. We explore below what this means for casual and serious crypto investors alike. Read Post
May 25, 2020
Media Release
Raiz Invest, Australia’s leading micro-investing app, will offer investors exposure to Bitcoin with the launch of its seventh investment portfolio that will have a five per cent target allocation to this alternative asset class. Read Post
May 25, 2020
25-05-20
From George Lucas, Raiz CEO
China unveils new COVID-19 stimulus measures
This week saw China pledge $500 billion worth of fiscal stimulus measures to support its economy as part of a bid to soften the impact of the coronavirus pandemic on livelihoods by creating nine million jobs and ensuring local governments can function. Read Post
May 18, 2020
Tis the season again folks – Click Frenzy starts 7pm, 19th of May 2020. Many of our Raiz Rewards partners are participating in this limited time online sale. That means you can get money reinvested into your Raiz account on top of the Click Frenzy deals. Read Post
May 12, 2020
12-05-20
From George Lucas, Raiz CEO
Making sense of rising equities despite COVID-19
Last week global equities continued their rapid rebound despite the COVID-19 pandemic and dismal news on the state of the global economy. Read Post
May 5, 2020
Want to get some context on next week’s global economic data points and to understand what they mean? Raiz has you covered! Read Post
April 27, 2020
27-04-20
From George Lucas, Raiz CEO
Economic impacts of COVID-19 becoming clearer
The world remains gripped by the COVID-19 crisis as the economic impact of government lockdowns globally are becoming clearer. Read Post
April 20, 2020
On 23 January 2020, when I gave my last update, the world was a very different place. Although COVID-19 (coronavirus) was gaining public attention, it certainly wasn’t a global health crisis affecting economic growth and investor sentiment around the world.
Today, Australia has been in lockdown for nearly a month and social isolation is the name of the game. Large sectors of the economy (notably tourism, hospitality, and much of retail) are closed for business and others are suffering.
We remain primarily concerned for the health, safety and wellbeing of our customers and staff during this period.
At Raiz we are weathering this difficult period. We will soon report revenue from our Micro Investing Platform, that grew in the March quarter as we continue to increase the number of customers and activity on our platform.
Our business, which derives about two-thirds of its revenue from the $2.50 management fee, continues to retain the loyalty of our valued customers, and also add new customers. At 31 March 2020 we had 215,398 customers, up from 211,657 at 31 December 2019, despite the uncertainties caused by the Government lockdown.
For this outcome we can only offer you our sincere thanks. The team and I will work hard to meet your expectations and assist you in taking control of your finances in these difficult times.
That we can retain and increase customers during this quarter tells me a few things. Firstly, that the products and services we offer, and the customer service that accompanies them, still meet your expectations, even during this crisis. Customers are aware of the need for a robust savings plan to assist them in controlling their finances.
Rest assured we will continue to maintain the high level of service that you have come to expect. And continue to listen to your feedback to enhance our product offering and services.
Secondly, our customers are increasingly appreciating that investing can be a long-term game, and that despite the current volatility they understand the need to stay in the market, realising this crash may be the precursor of the next bull market.
Finally, that you understand that even during this extremely challenging period, Raiz’s financial management, rising revenues and the capital raised in December last year has put the business in a secure position that bodes well for its corporate future. This gives us a much-needed financial cushion in these troubled times.
Raiz entered the market to offer Australians, especially young Australians, a smart alternative to the established players in the financial services sector by putting control of their financial futures into the palms of their hands. The current crisis has not changed that.
So, during these uncertain times your ongoing commitment to savings and controlling your finances via Raiz is deeply humbling and a very promising sign for all our futures.
Again, my heart-felt thanks, and stay safe.
Sincerely,
George Lucas
Managing Director /CEO
Important Information
The information on this website is general advice only. This means it does not take into account any person’s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.
A Product Disclosure Statement for Raiz Invest and/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.
The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.
Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.
Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.
