Quiz Question of the Month!

January 15, 2020

Each of the ETFs that make up our portfolios are paying out dividends this month! In total, our portfolios invest into a mix of 9 different ETFs, and as of December 31^st 2019, we managed nearly $445 million in funds under management (FUM). Approximately how many dollars in dividends will be reinvested back into accounts this month? (Just take a quick guess).

A. $1.2 million

B. $2.4 million

C. $3.7 million

Show Answer

The answer is C!

We are expecting a little over $3.7 million worth of dividends to be reinvested back into accounts this month.

Since inception, over $26 million in dividends has been reinvested back into Raiz accounts!

If you have answered this question from our “Chance to WIN – Quiz of the Month” email, you are now in the running to win a copy of Noel Whittaker’s book ‘Making Money Made Simple’. 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!

What is a dividend?

As well as the possibilities of gains from the change in value of your investment on the stock market, dividends (or distributions), is money that may be paid by a company back to you, their shareholder, out of its profits.

The underlying stocks of the ETFs which make up your Raiz portfolio pay dividends from time to time. All dividends received by Raiz will be automatically reinvested back into your Raiz account.

You can check out the full estimated calendar for when each of the ETFs dividends will be paid 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.