Uncategorised 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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