Black Friday has started! Many of our Raiz Rewards partners are participating in this limited time online sale. That means you can get cash rewards on top of Black Friday deals.

All the available offers are on the retailers website, or see some of the best deals our Raiz Rewards partners are offering below. Remember to login to your Raiz account via the mobile or web app then click the “SHOP ONLINE HERE” links so we can track your rewards as well.
Adore Beauty – Up to 4.2% reward + many offers including 20% off the entire Benefit Cosmetics range (ends 02 Dec).

Adrenaline – 3.5% reward + save up to 50% sitewide plus an extra 10% off use code: BLACK10

Apero Label – 10.5% reward + 72 Hour Flash Sale. Up to 30% off storewide (ends 30 Nov).

ASICS – 7% reward + 20% Off Selected Styles (ends 02 Dec).

ASOS – 3.5% reward + Get up to 70% off everything at ASOS during our Black Friday Sale! (Ends 03 Dec).

BCF – 5.25% reward + 20%-50% off storewide Sale (ends 01 Dec).

Ben Sherman – 4.2% reward + Black Friday 30% off sitewide (ends 01 Dec).

Bendon – 6.30% reward – 50% off Sitewide* (ends 02 Dec).

Best&Less – 3.5% reward + Everyday Fashion 2 for the price of 1! (Ends 02 Dec).

Billini – 5.6% reward + 30% off selected styles .

Bonds – 5% reward + 40% off everything + free shipping.

Boohoo – 3.5% reward + 50% off Absolutely Everything (exc Sale) at Boohoo! (ends 02 Dec).

BoohooMAN – 6.3% reward + Get 60% off Everything (exc. Sale) at BoohooMan (ends 02 Dec).

Booktopia – Up to 3.5% reward + Save 50% off RRP on selected Christmas bestsellers, plus up to 85% off RRP on thousands of titles (ends 02 Dec).

BWS – 4.9% reward + Get 25% Off ANY 6 or more bottles of Wine* (ends 02 Dec).

CAT Workwear – 5.6% reward + 20% off sitewide with code: TAKE20 (ends 01 Dec).

City Beach – 6.3% reward + up to 60% off thousands of styles.

Cotton On – 3.5% reward + 30% Off Everything (ends 30 Nov).

Cover-More – 7% reward + Use promo code PRESENTS when you buy a policy for your chance to win a $2,000 eftpos voucher.

Crabtree & Evelyn – 4.9% reward + 10% off $70 with code BLACKFRIDAY10, 15% off over $110 with code BLACKFRIDAY15 and 20% off over $150 with code BLACKFRIDAY20 (ends 02 Dec).

Cue – 5.6% reward + 25% off everything (ends 02 Dec).

Dell – 2.8% reward + up to 40% off systems (ends 01 Dec).

ECHT – 7% reward + Up to 60% off outlet page (ends 02 Dec).

Europcar – 5.60% reward + Up to 40% off (ends 02 Dec).

Forever New – 4% reward + 25% Off Full Price Styles (ends 01 Dec).

General Pants – 2.5% invested + Get 30% OFF storewide with code SALE30 (ends 03 Dec).

Glassons – 5.6% reward + 20% off Everything. (ends 30 Nov).

Hallenstein Brothers – 5.6% reward + 30% off full price items (ends Dec 01).

Harris Scarfe – 3.5% reward + 90% Off Feelvita Food processor, 50% Off Cookware,Cutlery & Dinnersets, 50% Off Sheet Sets, Quilts, Pillows & Toppers (ends 01 Dec).

Hello Molly – Up to 7% reward + 15% off (ends 02 Dec 9am).

HP – 2.5% reward + Save up to 43% on selected HP products (ends 05 Dec).

Jeanswest – 5.6% reward + 40% off storewide (ends 01 Dec).

Jo Mercer – 4.2% reward + 25% off storewide (ends 02 Dec).

Lacoste – 4.2% reward + 30% off full-price styles, sitewide! (ends 02 Dec).

Lee Jeans – 4.2% reward + 40% off full price (ends 02 Dec).

Lenovo – 3.19% reward + Up to 50% off (ends 01 Dec).

LookFantastic – Up to 7% reward + 40% off Dermalogica products (ends 02 Dec).

Lorna Jane – 30% off everything (ends 02 Dec).

Matchesfashion – Extra 10% off in the Matchesfashion sale over Black Friday with code EXTRA10 (ends 3/11/10 9.30am GMT).

Missguided – 4.20% reward + 50% off sitewide (ends 02 Dec).

MyProtein – 10.5% reward + 50% off (ends 29 Nov).

Nautica – 4.20% reward + 40% off sitewide (ends 01 Dec).

Nike – Up to 4.9% reward + extra 15% off sales items with code FINALS15.

Petbarn – 5.6% reward + Up to 50% off* selected online products at Petbarn! (Ends 03 Dec).

Riders by Lee, 3.50% reward + 40% off full price (ends 02 Dec).

Ryderwear – 7% reward + up to 70% off everything (ends 02 Dec).

Sanity – 2.8% reward + 20% off sale (ends 02 Dec).

Saucony – 5.6% reward + 20% Off Sitewide (end 01 Dec).

Sephora – Up to 7% reward + 15% off sitewide (ends 01 Dec).

Sparesbox – 3.5% reward + 15% off when the code ‘CYBER15” is applied (Min spend $150) (ends 02 Dec).

Speedo – 4% reward + 40% off almost everything sitewide (ends 02 Dec).

Superdry – 4.90% reward + 20% OFF Everything (ends 02 Dec).

The ICONIC – 3.5% reward + take up to 30% off (ends 01 Dec).

Tigerlily – Up to 5.6% reward + 30% Off Full Price (end 02 Dec).

Timberland – 5.6% reward + Up to 50% Off selected styles.

UGG – 4.2% reward + Save 30% off full-price styles sitewide, limited time only!

Under Armour – 5.6% reward + 30% Off Black Friday Exclusives.

Wiggle – 2.45% reward + extra 10% off select prime wheels & bike parts (ends 02 Dec).

Witchery – 3.15% reward + 20% Off Everything + Free Standard Delivery (ends 02 Dec).

Wrangler – 4.2% reward + 30% off full price.

*Please refer to all T&Cs including promo codes and time periods for each individual offer on the retailer’s website.

For more information on Raiz fees, click here.

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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.

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It’s one of those eternal financial questions with no easy answer — is it better to focus on earning more or prioritise spending less?

While most personal finance advice focuses on cutting expenses, it’s also a good financial strategy to find ways to boost your earnings. Or, ideally, do both at the same time.

Spending less

There’s no reason to wait on cutting your spending back — you can spend less immediately. It doesn’t take any special financial knowledge and you can start right now.

For instance, think about scaling back your discretionary spending. This will look different for different people, but it could include cutting back on buying takeaway lunches, cancelling unused subscriptions or returning those fancy sneakers you just bought online.

If you’re really serious, it also helps to distinguish what you really need from what you want, especially in a society that suffers from so-called “affluenza”. By taking a good look at this, you may also be able to significantly reduce your weekly and monthly outgoings.

However, there is a limit, especially for the millions of Australians living in large urban centre like Sydney and Melbourne, where cost of living is high. If this is you, it’s likely your fixed costs — things like rent and transport — could be tough to dramatically reduce.

Earning more

The benefit of earning more isn’t hard to see — the more you earn, the more financial options you have, which potentially puts you on a path to financial security and abundance. However, one downside of aiming to earn more is that it involves risk.

Often, looking to earn more involves stepping out of your comfort zone, whether that means retraining, changing jobs, starting your own company, or going out solo as a freelancer in the gig economy.

Also, just because you earn more doesn’t mean you’ll have more money at the end of the day. Sometimes it’s the case that you end up spending more when your earnings increase, making fiscal discipline all the more important as you climb the ladder of wealth.

Why not spend less and earn more?

Remember, there’s always the danger that you end up having less time — and an inferior quality of life — if your increased earnings mean you end up working around the clock.

Ultimately, it’s about balance. Aim to get to a point where you have enough money to spend on the things you love to do, while working at a healthy and sustainable level.

Don’t have the Raiz App?

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

download-raiz-app — Click to download the Raiz app

Important Information

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.

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26/11/19

From George Lucas, Raiz CEO

RBA considered November rate cut

This week saw the release of the minutes of the Reserve Bank of Australia’s November meeting, which reinforced the view that Australia’s central bank is far from done loosening monetary policy.

The minutes show the RBA board gave serious thought to slashing the cash rate to a new record low before leaving it steady at 0.75 per cent, with considerations including falling retail sales, a softer outlook for household income and wages, and inflation and GDP growth missing forecasts.

What the minutes also suggest is that, against a backdrop of stubbornly low inflation and rising unemployment, it’s likely that the central bank will cut its policy rate by a further 50 basis points — two cuts — to 0.25 per cent by the middle of next year.

Beyond that, it may resort to quantitative easing as it doesn’t seem too keen on negative interest rates. The best guess at the moment is that it will buy roughly AUD $60bn of Australia’s government debt per year, or about 10 per cent of the outstanding amount, if it is launched.

It’s unclear what the market expects when it comes to QE, but it is probably not fully discounted yet, with investors still trying to get their head around a possibility of more than one rate cut ahead.

Fed not tipped to cut rates again

In the US, by contrast, less dovish language from the US Federal Reserve in recent weeks has seen the market move away from forecasting a final 25 basis point rate cut in December. Indeed, recently released minutes of the Fed’s last policy meeting reinforced the central bank’s message that it may be finished cutting rates for the time being, barring signs of economic weakness.

Meanwhile in Asia, the Bank Indonesia left its policy rate unchanged at 5.0 per cent, but cut its reserve requirement ratio by 50 basis points to 5.5 per cent in a bid to support economic growth. The move also suggests that the Indonesian central bank’s easing cycle is not over yet.

Christine Lagarde makes first speech as ECB boss

In Europe, there was little to get excited about, with a decline in the eurozone Composite PMI for November reinforcing the view that growth in the monetary union is likely to deteriorate further in coming months. With eurozone governments so far resisting pressure to loosen fiscal policy, the burden of stimulating the economy will continue to fall on the European Central Bank.

Christine Lagarde, in her first official speech as ECB President at the European Banking Congress in Frankfurt, gave little away about her next moves. However, there was nothing in the speech to suggest her stance on monetary policy will diverge from that of former ECB president Mario Draghi.

Indeed, Lagarde’s review of the ECB’s monetary policy strategy will, if anything, reinforce the case for further policy loosening. This is because there seems to be a consensus in favour of clarifying the inflation target, perhaps making it a straightforward 2 per cent. If this happens, eurozone lawmakers would be obliged to do more to boost the economy if inflation stays around 1 per cent next year.

Meanwhile, Lagarde’s calls for more fiscal stimulus are likely to fall on deaf ears, just as those of her predecessor did. Based on draft budgets from October, fiscal policy in the eurozone is set to be loosened by only 0.2 per cent of GDP in 2020, which is less than this year.

China Cuts 7-Day Reverse Repo Rate

Turning to China, this week saw the People’s Bank of China cut its 7-day reverse repo rate, from 2.55 per cent to 2.50 per cent, which is the first change to this rate since it was hiked in March 2018. The move is being seen as a key step towards lowering marginal funding costs for banks, which rely heavily on repos as a source of short-run liquidity.

It is also a sign, along with the recent cut to the PBOC’s MLF rate, that China’s central bank is starting to take a more proactive approach to pushing down borrowing costs. With economic growth still slowing and unlikely to bottom out in the near-term, the PBOC will likely take further steps to shore up lending, which has weakened recently.

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Important Note: The information on this website is provided for the use of licensed financial advisers only. The information is general advice and 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 website.

Investors only: The information in this Document is confidential it must not be reproduced, distributed or disclosed to any other person unless it is part of their statement of advice. The information may be based on assumptions or market conditions and may change without notice. This may impact the accuracy of the information. In no circumstances is the information in this Document to be used by, or presented to, a person for the purposes of making a decision about a financial product or class of products.

General advice warning: The information contained in this Document is general information only. It has been prepared without taking account any potential investors’ financial situation, objectives or needs and the appropriateness of this information needs to be considered in that context. No responsibility or liability is accepted by Instreet or any third party who has contributed to this Document for any of the information contained herein or for any action taken by you or any of your officers, employees, agents or associates.

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If you’ve recently logged into your Raiz account from a new phone or computer, you may have been confused by a screen asking for verification. This is due to our recent implementation of multifactor authentication (MFA), a feature we have added to further improve the security of your Raiz account.

How does it work?

When you log in to your Raiz account from a new device for the first time (new phone, laptop etc.), you will be prompted to enter a 6-digit verification code into the app before being able to access your account.

This verification code will be sent to the email that is linked to your Raiz account – look for an email in your inbox titled ‘Your device confirmation code’. Simply copy and paste the code from the email into your Raiz app, and you’ll be able to access your account.

Raiz Multifactor Authentication (MFA) screen — Raiz multifactor authentication (MFA) screen

How does MFA improve security?

MFA adds an extra layer of security by making it more difficult for an unauthorised person to access your Raiz account. MFA means that if your Raiz log in details are compromised, the attacker will still have to have access to your email to successfully log into your Raiz account.

For example, If an unknown third party was to steal your password or attempt to break into your account by guessing your log in credentials, MFA would prevent them from accessing your account, provided they don’t have access to your inbox email registered with Raiz.

At Raiz, your security is our highest priority, and we are always working hard to further improve upon our current systems. If you’d like to learn more, please check out our Raiz security page.

Don’t have the Raiz App?

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

___________________

Important Information

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.

Raiz multifactor authentication (MFA) and security

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We all know that Christmas can be an expensive time of year and so it definitely makes sense to look for ways to stretch your money as far as it can during the festive season.

With this in mind, as 2019 draws to a close and Christmas rapidly approaches, here are some innovative ways to ensure this holiday season doesn’t bust your budget.

1. Pick up a Christmas side hustle

First off, Christmas is a time of year when there’s a mini boom in casual work, making it a great time of year to look at picking up some extra work. Enter the Christmas side hustle.

While a Chrissie side hustle isn’t exactly cutting costs, it can be a good way to cushion yourself from the extra spending that inevitably comes with the gift giving season.

2. Sublet your home or apartment

It’s not called the holiday season for nothing, with many Aussies taking vacations from home whether it’s a trip interstate or overseas to visit friends or family, or just get away from it all.

If you’re one of the thousands of Australians in this boat, why not consider listing your home or apartment on a short-term accommodation platform like Airbnb or Stayz. This could help offset your expenses over the Christmas period while you’re having fun on holidays.

3. Crowdfund your Christmas dinner party

Christmas is undoubtedly a season to celebrate with loved ones and friends with parties, dinners and catch-ups. But it can all add up and end up hitting you in the hip pocket.

If this is case, you could consider getting people to chip in, say, $10 per person to contribute or organise a potluck event so everyone can contribute and share the costs.

4. Spend on shared experiences

Another way to slash costs over Christmas is swap your gifts for shared experiences, where everyone gets to be included in events like a family camping trip or day out at the beach.

At the end of the day, Christmas is all about spending time with friends and loved ones and this approach can be a great way to save money on gifts for extended family and friends.

5. Make sure your Christmas budget is in place

Budgeting is always a good idea, but at Christmas it’s especially important. Make sure in the lead up to Christmas that you have a clear idea about how much you have available to spend and stick to it. Costs at Christmas can blow out, taking the gloss off the great day.

6. Shop ahead of time, even months in advance

Another good idea is to get organised for Christmas early. This can involve keeping an eye out for discounts through the year, including the Black Friday event in late November.

Also, remember, last minute shopping can lead to expensive shipping costs and mark-ups, not to mention the possibility that you will miss out on what you’re looking for altogether.

7. Dig out bargains on Ebay, Ozbargain and Amazon

If you’re looking for a Christmas bargain don’t forget to keep a lookout on popular online marketplaces. You never know what discounts you’ll track down on sites like Ebay, OzBargain and Amazon if you spend a bit of time hunting around.

8. Get creative with presents under $10

If you’re willing to get creative, there are ways to get great gifts on the cheap. For instance, you could consider buying a few different items in bulk and making gift packs for several friends at the same time. This approach can be the perfect Secret Santa gift at work.

9. Keep track of Xmas debt

If you’re strapped for cash this Christmas, you might be tempted to use your credit card over Christmas. Although convenient, make sure you’re aware of your repayment obligations so you don’t find yourself still paying off Christmas debt well into next year.

10. Get smart on social

There are also great discounts available through social media if you follow your favourite brands on platforms like Facebook and Instagram. There are also newsletters, discount and deal apps that you can use to find bargain Christmas gifts.

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Important Information

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.

Christmas tree and presents next to fireplace

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For a single person, what is the estimated superannuation balance needed to support a comfortable lifestyle in retirement, if you withdraw your Super as a lump sum and receive a partial Age Pension?

A. $545,000

B. $335,000

Show Answer

The answer is A!

The Association of Superannuation Funds of Australia (ASFA) estimates that to achieve a comfortable lifestyle in retirement, a super balance of $545,000 is needed for singles or $640,000 for couples.

While Answer B, $335,000, is around what the current average Super balance is for males aged 60-64 ($336,360 as of 2016-17). The average balance for females in the same age group was even less at $277,880. This means the average single 60-64 year old Australian has up to $267,120 less than what is recommended to live a comfortable retirement by the ASFA.

However, Australians are thinking about their retirement funds more, as the average Super balance grew by 11.4% for men and 15.4% for women over the two years to 2016-17. Additionally, it’s projected that 43% of Australians at retirement age will be self-funded by 2023, compared with 22% in 2000.

Reviewing your Super, consolidating into one account to remove extra sets of fees, and personal contributions may be ways to help reach your retirement goal, or at least ways to start thinking about it!

With Raiz Invest Super, you could sign up, roll over and view your Superannuation easily on your mobile phone within minutes.

Please read the product disclosure agreement to ensure Raiz Invest Super is suitable for you.

If you have answered this question from our “Chance to WIN – Quiz of the Month” email, you are now in the running to WIN one of 5 x $50 bonuses invested into your Raiz account. If not, simply check for an email titled “Chance to WIN: $50 bonus”, answer this question within the email and you will automatically be in the draw for the month!

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Important Information

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.

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Click Frenzy starts 7pm November 12^th! Many of our Raiz Rewards partners are participating in this limited time online sale. That means you can get cash rewards on top of the Click Frenzy deals.

All of the available offers are on Click Frenzy or see some of the best deals our Raiz Rewards partners are offering below. Remember to login to your Raiz account via the mobile or web app then click the “SHOP ONLINE HERE” links so we can track your rewards as well.

Adore Beauty – Up to 4.2% reward + 10% off sitewide with code FRENZY (ends 16/11/19)

Adrenaline – 3.5% reward + Spend $149 or more and save $25 (ends 12/11/19)

Bardot & Bardot Junior – 4.2% reward + 30% off sale & outlet + 20% off full-priced for members

Bendon – 6.3% reward + 50% off Sitewide for Click Frenzy with code FRENZY50 (ends 13/11/19)

Ben Sherman – 4.2% reward + 30% off sitewide (ends 13/11/19)

Best&Less – 3.5% reward + Spend $70 get 10% off, Spend $100 get 20% off or Spend $130 get 25% off (ends 13/11/19)

Billini – 5.6% reward + 20% off online (ends 13/11/19)

Bobbi Brown 7.7% reward + FREE mini lip favourites with $80+ orders with code LIP19 (ends 12/11/19)

Bonds – 5% reward + 40% off and free shipping (ends 13/11/19)

Book Depository – Up to 3.5% reward + Up to 50% off RRP at the bargain shop (ends 12/11/19)

Bras N Things – Up to 3.78% reward + 25% off storewide + $0 free shipping (ends 14/11/19)

CAT Workwear – 5.6% reward + Up to 50% Off selected styles (ends 13/11/19)

Cotton On – 3.5% reward + 30% off selected styles (ends 13/11/19)

Clinique – 7.7% reward + FREE full-size fresh pressed clinical duo + traveller makeup bag with your $50 purchase with code FRENZY19 (ends 14/11/19)

Cue – 5.6% reward + 20% off selected full-priced and sale styles (ends 13/11/19)

Dell – 2.8% reward + up to 40% off selected laptops with code FRENZY40 (ends 14/11/19)

ECCO Shoes – 4.9% reward + extra 25% off sale styles + free shipping with code FRENZY (ends 13/11/19)

ECHT – 7% reward + up to 60% off Clearance Page (ends 13/11/19)

Estee Lauder – 7.7% reward + FREE 4-piece skincare set with your $65 purchase with code FRENZY (ends 12/11/19)

Forever New – 4% reward + 25% off full-priced styles (ends 13/11/19)

Glassons – 5.6% reward + 20% off full-price items (ends 13/11/19)

Hallenstein Brothers – 5.6% reward + 30% Off Full Priced Items (ends 14/11/19)

Harris Scarfe – 3.5% reward + Up to 70% off selected bedroom accessories (ends 13/11/19)

Hello Molly – Up to 7% reward + 72 Hour Sale – 15% off (ends 13/11/19)

Jeanswest – 5.6% reward + 40% off sitewide (ends 13/11/19)

Jimmy Brings – 5.25% reward + 20% off on orders over $99 with code FRENZY2019 (ends 13/11/19)

Jo Mercer – 4.2% reward + 25% off storewide (ends 13/11/19)

Nike – Up to 4.9% reward + $30 off minimum spend $170 (ends 13/11/19)

Lacoste – 4.2% reward + 30% off full-priced styles (ends 13/11/19)

Lee Jeans – 4.2% reward + 30% off sitewide with code FRENZY30 (ends 13/11/19)

LookFantastic – Up to 7% reward + get 40% off top products during click frenzy (ends 12/11/19)

MyProtein – 7% reward (valid 11/11/19 – 13/11/19) + get 50% off everything site wide, plus free gifts when you use the Code FRENZY (ends 13/11/19)

Riders by Lee – 3.5% reward + 30% off sitewide with code FRENZY30 (ends 13/11/19)

Sanity – 2.8% reward + Spend $100 (min) and get 10% off (ends 13/11/19)

Saucony – 5.6% reward + 20% Off Sitewide (ends 13/11/19)

Sparesbox – 3.5% reward + Auto Frenzy Sale: 20% off site wide (ends 14/11/19)

The Good Guys – 2.1% reward + 10% off ticketed prices via promo code FRENZY10 (ends 13/11/19)

THE ICONIC – 3.5% reward + save 30% on thousands of styles (ends 2pm 15/11/19)

Tigerlily – Up to 5.6% reward + up to 80% Off Selected Styles (ends 13/11/19)

Timberland – 5.6% reward + Up to 50% Off selected styles (ends 13/11/19)

Trenery – 4.55% reward + 20% off everything (including markdowns) (ends 13/11/19)

UGG – 4.2% reward + 30% off full-priced footwear with code CLICKFRENZY (ends 13/11/19)

Under Armour – 5.6% reward + enjoy up to 60% off Click Frenzy Exclusives (ends 15/11/19)

Witchery – 3.15% reward + 20% off storewide + free shipping (ends 13/11/19)

Woolworths – 1.75% reward + 10% off when you spend $100* with code FRENZY10 (ends 13/11/19)

Wrangler – 4.2% reward + 30% off sitewide with code FRENZY30 (ends 13/11/19)

YOOX – 7% reward + extra 30% off a selection (ends 13/11/19)

*Please refer to all T&Cs including promo codes and time periods for each individual offer on the Click Frenzy or retailer’s website.

For more information on Raiz fees, click here.

____________________

Important Information

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.

Read Post

12/11/19

From George Lucas, Raiz CEO

US-China trade talks edge ahead

This week global equities lifted on optimism about a trade deal between the US and China but the positivity was dented later in the week due to negative comments by US President Donald Trump. In a blow to investors on Friday regarding the ongoing trade stoush, President Trump said the US has yet to agree to wiping tariffs, contradicting a statement from China’s Commerce Ministry.

However, regardless of whether a deal on tariffs is reached, a few points are worth making. To start with, a lot of good news seems to be already priced in judging by the market reaction since a deal was agreed in principle. MSCI’s ACWI Index of global equities has risen by over 5 per cent since 11 October and the renminbi is now back to 7 against the US dollar — the level at which it was trading prior to the latest escalation in trade tensions in early August.

What’s more, even if a “mini-deal” is finalised, it’s unlikely that tensions surrounding trade are unlikely to go away completely given some of the more controversial issues, like currency manipulation, are yet to be addressed. China’s rapid emergence as an economic superpower makes it a threat to the US and, in our view, the tension between the two countries is here to stay.

Australian retail sales slump

At home, ABS data showed retail sales slipped 0.1 per cent in inflation-adjusted terms in the September quarter, suggesting that consumption growth remained weak. Looking ahead, with most of the federal government’s tax refunds already paid, the outlook for Q4 also looks subdued.

Meanwhile, the Reserve Bank of Australia reiterated its view that the local economy had reached a turning point when it left rates unchanged at its monthly meeting on Tuesday. However, in our view, the RBA’s forecasts for GDP growth and the labour market remain too optimistic, and we expect it to cut rates further. Indeed, the market is now talking about quantitative easing in 2020.

The central bank also signalled that it expects inflation to remain below its 2-3 per cent target band for the foreseeable future. Core inflation has been under 2 per cent for four years and is a major driver for the RBA cutting rates three times since May.

Fortunately for Australia, the trade surplus grew in September, with date released this week showing exporters shipping out a record $43.2 billion worth of goods and services in the month. However, net trade overall probably didn’t boost the economy in Q3.

Indonesia Q3 GDP growth steady at 5.02%

Turning to Asia, GDP growth in Indonesia has been stable at around 5 per cent over the past five years, and it was no surprise that it recorded another quarter of growth at this rate in Q3. Despite the solid growth figures, some analysts have cast doubt over the reliability of the data.

In Malaysia, the Malaysian central bank — Negara Malaysia — left its policy rate unchanged at 3.00 per cent. With growth in Malaysia likely to slow sharply over the next few quarters and inflation tipped to remain subdued, I think the central bank will continue to ease policy in 2020.

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29/10/19

From George Lucas, Raiz CEO

S&P 500 nears record high

This week, the S&P 500 was back in record territory as renewed optimism about the US-China trade war and a months-long sell-off in bonds lifted investor confidence, sparking a rally in cheap, beaten-up stocks. The S&P 500’s return to near record highs brings its advance for the year to 20.7 per cent.

Meanwhile, the Nasdaq Composite now sits about 1 per cent from its peak close of three months ago, while the Dow Jones Industrial Average is 1.3 per cent from its July 15 record.

US and China progress trade deal

The rally in stocks was largely fuelled by optimism of a tentative truce in the US-China trade stoush driven by comments from the office of US Trade Representative Robert Lighthizer that the two global superpowers were “close to finalising some sections” of an interim trade deal.

At the same time, the S&P 500 doesn’t overall appear to be overvalued. The cyclically-adjusted price/earnings ratio (CAPE) of the S&P 500 is nowhere near as high as it was around the turn of the century when the dot com bubble burst. It is also not that far from its 40-year average.

Still in the US, it’s likely that the US Federal Reserve will cut interest rates again this week as officials have shown no signs of pushing back on market expectations for looser policy. The Fed’s decision on Wednesday will come hours after US GDP data is expected to show another slowdown in Q3.

Mario Draghi exits ECB, Brexit breakthrough in UK

In Europe, this week saw President of the European Central Bank, Mario Draghi, preside over his last ECB meeting, which caused few ripples in the markets. Recent decisions under Draghi’s leadership to cut rates and relaunch quantitative easing (QE) has set the stage for even more easing in Europe in 2020 given the gloomy eurozone outlook. The ECB remains divided over Draghi’s policies.

Turning to the UK, Brexit took a step forward this week with the UK Parliament voting to pass into law Prime Minister Boris Johnson’s Brexit deal — the first time in five attempts there’s been a parliamentary majority for any type of deal. However, the second vote on the government’s plan to write into law all the necessary Brexit legislation in time to leave the EU on October 31 was rejected.

Given the latest result, it looks unlikely that the UK will leave the EU by that date, but more likely that the leave date will instead be January 31, 2020.

Indonesian central bank slashes policy rate

Elsewhere, the Bank of Indonesia cut its policy rate again by 25 basis points, to 5.0 per cent, signalling that its main priority remains supporting the southeast Asian nation’s struggling economy.

The Indonesian central bank needs to get the rupiah to fall. If it starts to drop back against the US dollar over the coming months, then it could be nearing the end of the easing cycle.

In Australia, the ABS on Wednesday issues the Consumer Price Index (CPI) for the September quarter. Headline inflation is expected to ease to 1.4 per cent in Q3, from 1.6 per cent in Q2.

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We’re excited to report that we have completed the full roll out of our refreshed Raiz app, with new features and design enhancements to improve user experience, functionality and performance.

The refreshed user experience, which has been tested by hundreds of our users over the past four months, brings all the customers’ key investment information to the home screen, including the performance of the selected portfolio for Raiz and Raiz Invest Super.

There are improved navigation features to assist you in seeing the past performance of your Raiz Account, as well as assist in planning and meeting your investment goals and accessing Raiz Invest Super. The new user experience is available on both Android and iOS devices.

When scrolling down the home screen, you can also make one-time investments at the touch of button, see how your spending is tracking and review your Raiz Invest Super Account. For more information on Raiz fees, click here.

The new Past screen shows investments, dividends and withdrawals.

One new feature is the ability to search Raiz Rewards partners. Raiz Rewards is one of the most popular features of the app that allows users to shop with brands who in turn invest cash into their Raiz or Raiz Super account when they shop online.

Raiz Rewards has grown to include more than 200 brand partners across categories that include food and drink, health and beauty, home, insurance, kids, travel and electronics. The ability to now search by brand and category saves time and provides much more convenience within the app. These are all important navigation changes that users were asking us to introduce.

The new app also benefits from a cleaner and more contemporary colour palette and streamlines other features such as setting up Raiz Kids to start saving for a child, Raiz Invest Super, changing selected portfolio and adjusting recurring deposits.

Many of the changes we’ve made follow valuable feedback from our customers, so we believe they will be well received and continue to help our users have a healthy relationship with their personal finances.

Improving financial confidence is a goal we’re all passionate about at Raiz and we’re excited to see how the new app will continue to help our customers engage with their savings so they can meet their financial goals.

Watch the video below for a walk through of the new app.

Video Transcript

Welcome to Raiz. The first screen when you login is the home screen. Here you can see a summary of your investments, Raiz Rewards and Raiz Super balance. If you tap “Past” in the top section of the screen, this will show you a more detailed summary of your investments into Raiz and investment history, such as deposits, withdrawals, Raiz Rewards and any pending deposits.

If you tap “Future” in the top section of the screen, this will also show you an estimated value projection based on your selected portfolio by age and monthly deposit amount.

Let’s go back to the home screen by tapping “Today” in the top section of the screen. On the home screen, as you scroll down, you can also go to the performance panel and see how your balance has grown over time by tapping “Performance Details.” You can also tap the arrow in the top left to go back to the previous screen.

As you continue scrolling, you can also make a one-time lump sum investment or access MyFinance by tapping “discover” to find saving opportunities with a personalised overview of your spending and cashflow or access your Raiz Super, if you also have this set up, to view all your investments in one place, on your mobile phone.

You can also access the settings menu by tapping the menu symbol in the top left. From here, you can tap “Invite your friends” to share your invite code and get a cash reward, or change your account settings such as your funding account, spending accounts or password. You can always go back to the home screen by tapping “Home” in the menu bar.

Don’t have the Raiz App?

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

Important Information

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.

Screenshots of the revamped new Raiz app

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