14-09-20
George Lucas, Raiz Group CEO
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.
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.
31-08-20
George Lucas, Raiz Group CEO
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.
17-08-20
George Lucas, Raiz CEO
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.
We recently launched our first Raiz rewards in-store partners, allowing you to shop at our partnered brands’ physical stores in Australia to receive a percentage or fixed dollar amount invested back into your Raiz account. Our in-store rewards program takes away any additional steps at the point of purchase like scanning a rewards card or presenting a coupon. Simply activate the in-store offer in the app beforehand and as long as you purchase on one of your linked cards we’ll be able to track the purchase and deposit the reward into your account
The majority of us have scrolled online for hours trying to find that perfect item or jumped from store to store to find the best deals. Shopping can be fun, but the problem is that it can take a toll on the budget (especially for non-essentials) and interferes with our ability to save for the future.
The good news is that you can turn your love of shopping into a way of investing for the future with Raiz Rewards – an easy way to save while you spend. For more information on Raiz fees, click here.
There is always a lot of interest from our community in the performance of our portfolios. In what has been quite a turbulent year, it is pleasing to report the returns of our investment portfolios are above the relevant Chant West industry benchmark (for Moderately Conservative there is no corresponding benchmark).
