Blog - Page 40 of 52 - Raiz Invest

We have improved Raiz Super with some new features to help you contribute more towards your future. For more information on Raiz fees, click here.

What’s new?

Personal Contributions

Make one-off voluntary contributions via the Super home screen at anytime.

Recurring Personal Contributions

Set up recurring voluntary contributions via the Super home screen – daily, weekly or monthly.

Voluntary contributions may be tax deductible – see our blog ‘New rules for Super Contribution’

Reward Contribution

Direct your Raiz Rewards to your Super account with over 180 brand partners paying you forward when you shop online.

Chance to WIN a $250 bonus

From now until the 30th April, every member of Raiz Invest Super will go in the draw to win one of ten $250 bonuses invested into their non-Super Raiz account. To be eligible, simply have an active Raiz Invest Super account (or a rollover request on its way) before 30th April 2019*.

We appreciate your feedback on our product and features so please feel free to contact us via support@raizinvest.com.au or call 1300 754 748.

Thanks for your loyal support,

Your Raiz Team

*T&Cs here

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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Most Australians find discussions about their Superannuation boring. Do you know how much is in your Super?  Don’t panic, 40% of Australians have no idea how much money they have invested in super.

Interestingly, people who have Super, but aren’t investing in any other assets, tend not to think of themselves as investors.

But if you have Super, then you’re investing. Most superannuation funds do not keep your money only in cash.

Super is like a managed fund, or Raiz, where your money is pooled with other member’s money and invested on your behalf by professional investment managers. The main difference of course being that you can’t access this money until you retire.

But if super has all the characteristics of an investment, then why don’t we engage with it as much as we do with other common investments, such as stocks, property etc?

If you aren’t expecting to retire soon, it can be hard to comprehend the benefits of optimising your super, and perhaps even too dull to think about. Thinking about the ‘future you’ actually activates the same areas of the brain as when we think about other people. While you may know the benefits of helping “future you” now, you are unlikely to feel it.

The mandatory nature of super can also stop us from thinking about super contributions as a conscious investment. Guarantee contribution’s that are payed directly by your employer mean you rarely must make an active decision. This contrasts with what we consider ‘normal’ investments, which are likely to involve more consideration and decision making.

The fact is that super is likely to be one your biggest investments, so knowing where your money is and how much you are paying in fees is crucial in building a solid fund for your retirement.

Due to the power of compounding, if you were paying an extra $150 in fixed costs and insurance due to having more than one superannuation account, for 25 years, at a return rate of 7%, that could be $9,487* you will lose in your retirement due to the extra set of fees.

Raiz Super allows you to easily consolidate your super, with the process only taking as long as 5 minutes. When you sign up for Raiz Super, we will automatically search for any funds and unclaimed or lost super to your name, giving you the option to pick which ones you want to roll into Raiz Super. For more information on Raiz fees, click here.

Paying attention to and treating your super as an important investment can save you a significant amount of money for the future.

* Return estimated for the sake of simplicity as past performance is no indication of future performance – see ASICS managed funds fee calculator to get an estimate on how fees and costs can affect your investment. Return estimate is net of MER. The value is a future value, not a present value.

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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1. You must have an active Raiz Invest Super account or a rollover request on its way before 30th April 2019. Raiz account holders must have an active valid account as set out in the product disclosure statements found on the website: https://raizinvest.com.au/super/.
2. Entries open Thursday 27^th March 2019 at 11am and closes Tuesday 30^th April 2019 at midnight. You will automatically be in the draw if you have an active Raiz Invest Super account or a rollover request on its way before 30th April 2019.
3. Raiz Invest will select ten winners with a $250.00 credit investment into their active Raiz Investment Account. These ten investments will be selected at Raiz’s discretion. We note that no individual prize exceeds $250.00 and total value of prizes do not exceed $50,000.00.
4. These ten Raiz Account holders will be notified by email when the credit investment is deposited into their Raiz Investment account by Friday 17^th May 2019.
5. The permit number in the format NSW Permit No. LTPM/18/03853.
6. This promotion is in no way sponsored, endorsed or administered by, or associated with any other third party.
7. By entering this promotion, you agree that we may use entries for future marketing purposes in any media or branding.
8. The competition is promoted by Raiz Invest Australia Limited, Level 11/2 Bulletin Place Sydney 2000 NSW, 1300 754 748. ABN 26 604 402 815, who is the Authorised Representative of AFSL 434776. The Raiz product is issued in Australia by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) and promoted by Raiz Invest Australia Limited (ACN 604 402 815). A Product Disclosure Statement dated 19th March 2019 for this product is available on the Raiz website and App. A person should 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.

NSW Permit No. LTPM/18/03853

A home loan is one of the biggest expenses most Aussies have, with estimates that the average household spends more than a quarter of their budget on their mortgage.

But the good news is big savings are possible by taking advantage of clever hacks most homeowners don’t know about. Here are four tips for saving on your home loan.

Have a wandering eye

When it comes to home loan savings, monogamy rarely delivers the best deals. There are thousands of offers on the market, so when you have a home loan it’s important to regularly check whether there is a better option available.

Uno Home Loans Broker Tian Liu says, “It may be tempting to put your feet up and relax after getting your loan, but getting the best deal over the life of the loan often requires refinancing multiple times.

“It’s important to keep shopping around because the market changes regularly with rate rises, new competitors, and fluctuating property prices.”

If you’re looking for an easy way to keep tabs on the market, uno Home Loans has just launched a free monitoring service called loanScore which alerts you every month as to how your home loan stacks up compared to thousands of live deals.

Be a bit of a pest

Want a better deal but don’t want to go through the process of refinancing? After all, break-ups are hard.

You can save on your loan with minimal hassle by asking your bank for a rate cut. A recent uno study* found that more than 80% of customers who asked their bank for a rate cut were successful. Talk about 10 minutes well spent.

Popular negotiation techniques included threatening to leave your bank, leveraging an offer from a competitor, and having your broker speak to your bank for you.

Timing is everything

Most homeowners don’t realise that you can save on your home loan simply by changing your repayment date.

Banks calculate the interest to your home loan daily, so you can cut your interest bill by paying off your loan weekly or fortnightly instead of monthly.

And, if you want to make bigger repayments, take a lesson from the one in ten mortgage holders* who say it’s easier to make extra repayments (and reduce interest) by organising their direct debit for their mortgage right after they get paid.

Look beyond the banks you know

When choosing a home loan, it can be easy to start the search with your current bank. But sticking to familiar options doesn’t always equal the best deal.

A study conducted by uno Home Loans* revealed that Aussies who have a home loan with their childhood bank or parents bank actually pay 20 basis points more in interest than those who shop around.

Smaller lenders you may not have even heard of such as credit unions or online lenders are worth taking a look at as they often offer sharp deals to win market share.

Plus these lenders typically have lower overheads than big banks and can pass these savings onto you through lower rates and cheaper fees. Win-win!

Try making these little changes to your home loan today to enjoy big savings in the future.

About the author

Jessica Uhlmann is the Public Relations Manager at uno Home Loans

Uno is an online mortgage broker which enables Australians to understand their loan, optimise, apply, and settle all in one place from a panel of 20+ lenders – including all four major banks. uno operates a ‘technology plus service’ model which combines a self-serve online mortgage platform with service from a team of brokers via phone, text, chat, video and email. Uno’s brokers provide advice and support in choosing a new loan and can help you optimise your loan with your current lender. Visit unohomeloans.com.au

*Study of 1,500 mortgage holders conducted by CoreData on behalf of uno Home Loans

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.

Read Post

From Raiz CEO, George Lucas 

GDP slowdown boosts chances of RBA rate cut

This week’s release of gross domestic product (GDP) data for Australia reinforces the view that the Reserve Bank (RBA) will hold or may even be forced to cut rates before too long.

That’s because the GDP data, released on Wednesday, showed Australia’s economy grew at its slowest pace in two years in Q4. On an annual basis, GDP growth declined from 2.8 per cent year-on-year in Q3 to 2.3 per cent — well below the RBA’s forecasts and consensus.

What’s more, GDP growth may fall to 2.0 per cent in 2019, potentially prompting the RBA to cut rates twice in the next 12 months. This is now what many are expecting.

Australian dollar under pressure

Following the release of the GDP data, the Australian dollar fell to a two-month low of US$0.70 and the 10-year Australian government bond yield fell to 2.10 per cent.

Indeed, if it wasn’t for strength in commodity markets the Australian dollar may have depreciated more against the US dollar. That suggests that if we do see commodity prices turn lower, the Australian dollar will probably fall sharply against the US dollar this year.

The link between the Australian dollar as a proxy for Chinese growth is also weighing on the local currency, especially while we are seeing a waning appetite for risk.

Turning to stocks, we doubt that a weaker local currency will prevent equities in Australia from falling this year if, as we expect, the US stock market comes under pressure. In fact, we suspect that the ASX200 will do just as badly as the S&P 500. Currently, the ASX200 is being supported by stronger commodity prices and the upcoming dividend season for bank stocks.

On the upside, a weaker AUD will be good for Australian Airbnb hosts during the Ashes.

Economic jitters hit US

Overseas, the latest US employment report is further evidence that the US economy is starting to falter. And with growth elsewhere also likely to remain weak, I think that equities in the US will fall this year, dragging down most stock markets across the globe.

According to the jobs report, non-farm payrolls increased by only 20,000 in February, well below consensus expectations of a 180,000 gain. But the report was not all bad news as the unemployment rate fell, and annual wage growth ticked up.

ECB downgrades growth outlook

Several other developments this week suggest that investors may continue to be too optimistic, not just about the US, but about the rest of the world too.

For instance, The European Central Bank (ECB) sharply lowered its growth forecasts and now expects growth of 1.1 per cent this year, down from its earlier forecast for 1.7 per cent.

Purchasing Managers’ Indexes (PMIs) also remain weak in many countries.

Central banks to the rescue?

As a result, even before the disappointing payrolls arrived, the S&P 500 index had lost nearly 2 per cent since Friday last week, while the Japanese yen — largely considered to be a safe-haven — was up by nearly 1 per cent against the US dollar.

Admittedly, policymakers have started to respond. As the US Federal Reserve (the Fed) did in late January, the ECB struck a more dovish tone at its meeting on Thursday, while Chinese authorities have announced more fiscal stimulus.

Looking ahead, the Fed may cut rates three times by 75bp in total in the first half of 2020, but not even one 25bp cut is fully discounted in the markets next year. Optimism prevails.

Despite such an outlook for monetary policy, I still think that in the short-term global growth will continue to weaken, putting pressure on corporate earnings and triggering a flight to safety. As such, most stock markets will drop soon, but I have been saying this for a while.

Don’t have the Raiz App?

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

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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Everyone’s spending habits differ, just like everyone’s salary differs. Learning how to spend in line with your salary whilst battling a range of competing expenses and trying not to compromise on your savings can be a difficult skill to master.

The first step to keeping your spending under control is knowing your own spending patterns. If you are a Raiz user and have linked a spending account, then you can use the My Finance feature of the Raiz app to see how much you are spending each month, and in what categories. The app will also provide you with spending alerts to your mobile phone.

You can also ask our AI powered chatbot Ashlee questions such as “how much did I spend on food last month” (to access just go into your Facebook Messenger app and search for ‘Raiz Chatbot’).

Alternatively, you can add up your expenses manually by going through and analysing your bank statement from last month (remember to include any regular debt repayments).

Once you know how much you are spending, you can then compare this amount to your after-tax income and adjust spend accordingly. Regardless if you’re spending above or below your income, we suggest a savings first mindset, that is, spend what is left after saving.

Transferring savings straight out of your pay and into an account like Raiz, where it is hard to touch the money, can be a useful strategy to regulate your spending.

The best method to calculate how much you should be spending and saving is to create a budget.

There are several types of budgeting plans out there that you can choose from. A simple budgeting strategy is the 50/30/20 budget, where you allocate 50% of income towards needs, 30% towards wants, and 20% savings. Remember the KISS principle (keep it simple stupid).

If you follow a budget like this the first thing you should do after being paid is to transfer the 20% into your special investing/savings account. We wrote about this budgeting method in our last ‘How to’ series entry, which you can read here.

You will need to continue tracking your spending to make sure you’re on course and not spending too much to force a dip into your savings. Tracking also makes it easier to adjust your budget to fit changing circumstances.

Impulse Purchases

One factor that can hinder your ability to follow a budget and keep your spending in line with your salary are impulse purchases. An Impulse purchase is characterised as any purchase that is unplanned or spontaneous.

Have you ever found yourself waiting in line to pay at a supermarket, and at the last minute decide to buy a chocolate bar conveniently located next to the register? That’s a common impulse purchase, and although fairly innocuous in this example, if done repeatedly overtime, and for more expensive products, can eat into your finances.

In general, people tend to overestimate their ability to control impulsive behaviour, a phenomenon known as restraint bias. This also applies to impulse purchases. Reading this now you might be thinking it wouldn’t be that hard to resist an impulse buy, but when exposed to stimulus in a shop, be it brick and mortar or online, your self-control probably isn’t as effective as you might think.

Some strategies to help control impulse buying include:

• Sticking to a shopping list. If it’s not on your predetermined list, don’t buy it!
• Give yourself a ‘cooling off period’ before making any unplanned purchases by waiting a day before buying. This effectively lessens the spontaneous nature of impulse purchases by separating yourself from the initial urge.
• Be mindful of your emotions and keep your budget in mind. Realise that what you are feeling could be an impulse, and critically challenge your thoughts on whether you need to buy it. Think to yourself “do I really need this” and “can my budget afford this purchase.”
• Use our chatbot Ashlee and ask her if you can afford what you are about to buy.

Previous entries in our ‘How to’ series:

How to: Budget in 2019

Don’t have the Raiz App?

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

 

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.

Read Post

1. An active Raiz Invest Account must be held (account balance greater than $5). Raiz account holders hold valid accounts as set out in the product disclosure statements found on the website: raizinvest.com.au.
2. Entries open Thursday 28^th February 2019 at 11am and entries close Sunday 31^st March 2019 at midnight. To enter, one must shop through Raiz Rewards a minimum of three times during the competition period.
3. Raiz Invest will select ten winners with a $50.00 credit investment in to their active Raiz Investment Account. These ten investments will be selected at Raiz’s discretion on Monday 1^st April. We note that no individual prize exceeds $250 and total value of prizes do not exceed $50,000.
4. These ten Raiz Account holders will be notified by email when the credit investment is deposited into their Raiz Investment account by Friday 5^th April 2019.
5. The permit number in the format NSW Permit No. LTPM/18/03853.
6. This promotion is in no way sponsored, endorsed or administered by, or associated with any other third party.
7. By entering this promotion, you agree that we may use entries for future marketing purposes in any media or branding.
8. The competition is promoted by Raiz Invest Australia Limited, Level 11/2 Bulletin Place Sydney 2000 NSW, 1300 754 748. ABN 26 604 402 815, who is the Authorised Representative of AFSL 434776. The Raiz product is issued in Australia by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) and promoted by Raiz Invest Australia Limited (ACN 604 402 815). A Product Disclosure Statement dated 10th April 2018 for this product is available on the Raiz website and App. A person should 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.

NSW Permit No. LTPM/18/03853

From Raiz CEO, George Lucas

Global stocks defy weak economic data

This week saw stock markets generally power ahead and defy the recent slew of weak economic data. Even so, I am sticking to my view that they will eventually succumb in March and we will see another sell-off, which should be the capitulation.

The US stock market rose at the end of last week despite news that domestic industrial production unexpectedly fell in January. It also hardly reacted to data released earlier in the week showing the largest monthly decline in US retail sales in a decade.

In China and the euro-zone, equities took their lead from the US and are now up by about 10 per cent so far in 2019 in spite of a raft of poor economic data. One partial explanation pointed to for this resilience is renewed optimism of a US-China trade truce.

However, given most of the economic slowdown has had little to do with the trade war, we doubt a permanent trade ceasefire would alter the outlook much. In my view, there is little governments can do to prevent further global weakness — not a recession but a slowdown.

Indeed, February’s composite PMI for the Eurozone provided some reassurance that the euro-zone economy is not on the brink of recession. The rise in the index left it consistent with quarterly GDP growth of about 0.2 per cent, the same as in Q3 and Q4 last year.

Central banks rethink interest rates

Meanwhile, developments in Japan, Europe, US and Australia showed how widespread a shift to looser monetary policy is likely to be. Expectations by the markets that this shift will support growth is probably the main driver for the rally in markets since the start of 2019.

In Australia, minutes of the RBA’s February policy meeting, released last Tuesday, confirmed the central bank’s change from a tightening bias to a neutral stance, especially amid continued weakness in wage growth and as employers like Raiz remain tight.

By contrast, Chinese premier Li Keqiang said last week that China would not change its prudent monetary policy stance and reiterated that officials would not resort to “flood-like” stimulus — so not all economies are lining up to loosen monetary policy further.

US and China sketch trade deal

Still on China, there are rumours it is currently working with the US on “memorandums of understanding” on issues including IP rights protection and forced technology transfers, which could serve as the framework for a future trade deal.  However President Trump squashed these rumours and insist they will go straight to an agreement.

While it is unlikely the US and China will be able to reach a full deal before the March 1 tariff deadline, US President Donald Trump has fortunately indicated he would be willing to delay the deadline if the talks, underway in Washington, were “going in the right direction”.

Elsewhere in Asia, the Bank Indonesia left its policy rate unchanged last week. Given the improved performance of the rupiah and the less hawkish tone of the central bank’s press conference, the expectations of further rate hikes this year are diminishing.

Trump and Kim Jong-un to meet in Vietnam

In addition to the China-US trade talks, all eyes this week will be on President Trump’s planned meeting with North Korea’s Kim Jong-un in Hanoi on Wednesday and Thursday.

Although little progress is likely to be made on the issue of denuclearisation, there is hope there could be some moves towards a peace deal between the two countries.

Don’t have the Raiz App?

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

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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More and more Raiz users have been actively engaging with our Chatbot, Ashlee, in order to take control of and improve their financial situation. Because Ashlee is a personalised experience you can chat to her in a natural way – well nearly natural.

Ashlee – the intelligent chatbot is available through Facebook Messenger (search “Raiz Chatbot”), and can answer general questions about the market, specific questions related to your account, any support questions you have, your spending habits, and Raiz features, all without having to log into the app.

For a list of questions, check out ‘Ask Ashlee – Raiz Intelligent Chatbot Questions’.

Here are 4 smart ways that others are currently using Ashlee:

1. Track your Raiz balance.

Ashlee has got you all sorted if you ever find yourself wanting to know your balance, but don’t want to login to the app. This provides an easy way to see if your investment has landed in your account, if your withdrawal has processed successfully, or to keep track of you balance.

2. Check your account performance.

You can ask Ashlee for accounts returns for the last day, month, or year. Some users prefer this way now as they can keep track of their past performance through the message history.

3. Learn about your spending habits.

Ashlee can offer tips and insights into your spending patterns based off your historic purchases and income. She can tell you how much you’re currently spending, and even project future cashflow to help you understand if you could save more or afford to eat out that night.

Some examples how users have done this include:

• Checking your spending habits to see if how much you saved last month.

• Find out how many days it will take before you save a specified amount of money.

• Track individual categories to see where you spend your money. The categories we can track are shopping, food and dining, taxi/ride sharing, health and fitness, entertainment, insurance and many more.

4. Get answers to support questions about Raiz features

Ashlee can answer questions regarding Raiz features products and functions, making for a quick way to find answers to general customer support queries.

General customer support questions can range from learning more about specific features to word terms such as statements and dividends.

Ashlee’s purpose here isn’t to replace standard customer support channels, but rather add an extra layer on top, and allow users to quickly find answers to minor questions outside of traditional business hours.

To use, just go into your Facebook Messenger app and search for ‘Raiz Chatbot’. Please note, you will need a Facebook Messenger account to access the Chatbot.

Don’t have the Raiz App?

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

 

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.

Read Post