Video Archives - Page 9 of 10 - Raiz Invest

The ASX 200 remained relatively flat over the past week, posting a modest 0.03% gain. However, there was significant rotation amongst sectors. The materials sector, led by mining giants BHP Group (10.91%) and Rio Tinto (12.77%), was the top performer, buoyed by rising commodity prices. Fortescue also saw impressive gains of 14.01%. However, the financial sector faced significant selling pressures, with major banks such as Commonwealth Bank of Australia (-7.16%), National Australia Bank (-6.88%), Westpac Banking Corporation (-5.27%), and Australia and New Zealand Banking Group (-4.55%) all recording falling stock prices. 

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We are excited to announce our partnership with Ducktober, a unique and impactful initiative organized by the Waves of Wellness (WOW) Foundation! This annual fundraising event takes place during Mental Health Awareness Month in October, and all funds raised directly helps WOW continue to provide free surf therapy programs.

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This week, the ASX 200 showed positive movement, rising by 1.08%, closing at 8,209.5 points on Friday 20^th September. Gains were supported by strength in financials, energy, and mining sectors. Notably, major banks saw a boost, with Westpac rising by 2.38%, NAB by 2.29%, and ANZ by 2.21%. The miners were also strong contributors, with Fortescue Metals up by 2.56%, and BHP Group gaining 2.00%. 

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The recent decision from the U.S. Federal Reserve (the Fed) to reduce interest rates by 50 basis points, bringing the federal funds rate to a range of 4.75% to 5%, has drawn attention from markets worldwide, including Australia. With inflation in the U.S. having moderated to approximately 2.2%, close to the Fed’s long-term target, many are questioning the rationale behind this rate cut and its broader implications for investors.

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This week, Australian markets demonstrated a solid performance, with the ASX 200 rising by 1.1%. Materials led the way with a notable 4.2% increase, buoyed by renewed optimism around potential stimulus measures from China. Lithium stocks enjoyed a rebound from recent lows due to supply cuts, while fears of supply restrictions from Russia impacted uranium, nickel, and titanium markets positively. Oil prices also saw an uptick, supported by output disruptions in the US Gulf of Mexico. The Financials sector lagged slightly, down 0.8%, as investors took profits after a strong run of fresh peaks in the major banks.

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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.

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We’ve recently launched a brand-new version of Raiz Kids on the Raiz App. This new version includes revamping many features in Raiz Kids, as well as introducing new ones, making it easier to save and invest for your children, grandchildren, cousins, nephews, nieces, whoever! So just what has changed from the previous version? Here’s what you need to know. Read Post

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Exciting news! Raiz Kids has been rebuilt from the ground up, with new features and more control for both parents and children.

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Raiz Kids is a simple way to save and invest small amounts regularly for your children/grandchildren.

We understand that life gets busy, life gets messy, especially when you have little ones. For the parents and grandparents in our Raiz community, we know it is not simple to get started on a savings fund for your kids.

What is Raiz Kids?

Raiz Kids is a simple way to save and invest for your children and/or dependents who are under the age of 18.

Just like your main Raiz balance, you can invest your spare change from everyday purchases, set up a recurring or lump sum deposit towards you and your chosen Raiz Kid(s).

You can control the access your Raiz Kids have

Raiz Kids can have direct access to their own investment portfolio, with your permission. This can be an immersive way to help your kids understand how financial markets works and start developing savings and investing habits that they can take with them into their adult lives.

But don’t worry, you get to choose how much access your Raiz Kid has. If you give permission in the settings, your Raiz Kids can choose their own portfolio, or can make changes to recurring investments as an example. You can also choose to get notified any time a Raiz Kids account makes changes to these settings.

You can have multiple Raiz Kids accounts, each with different settings and permissions

Each Raiz Kids account can have different permission and controls, tailored to suit the age of the child and what control you would like to give. Each Raiz Kids account can have a different portfolio selection. You can have different one-off and recurring investments for each Raiz Kid, which could be great for different investment pocket money or does different chores around the house that are done 😊

How to setup a Raiz Kids account within your Raiz Invest account?

1. Head to “Invest” on the home page of the Raiz App or website and scroll down to “Automatic Savings for your Child”
2. Enter the personal information of your child, such as their name and D.O.B. (this may be prefilled if you already have been using Raiz Kids).
3. Choose what level of control your child can have over the investments
4. Choose if you would like to create a recurring investment, whether its daily, weekly, fortnightly or monthly
5. Select from one of seven Raiz Portfolios to suit your risk tolerance, or build your own using Custom Portfolio
6. Determine what notifications you would like to receive when your Raiz Kid makes any changes to their account.

Give your kids the gift of investing

We want to give you the chance to see firsthand and free of charge how these new features can help you invest for the next generation.

It is important to note that just like Raiz Invest accounts, Raiz Kids accounts carry investment risk.

To see Raiz fees, click here.

To see if Raiz is a suitable investment product for you, please read the PDS.

Don’t have the Raiz App?

Download it for free in the App store or the Webapp below:

Important Information

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