Uncategorized Archives - Page 39 of 53 - Raiz Invest

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 statement found on the website: raizinvest.com.au
2. Entries open Sunday, 9^th June 2019 at 2pm and entries close Sunday, 16^th June 2019 at 11.59pm. This may be changed at Raiz’s discretion.
3. To enter one must complete in full the survey within the timeframe stated above and provide the email address on your Active Raiz Investment account at the end of the survey.
4. To thank you for completing the Survey, Raiz Invest will be giving away five $50.00 credit investments into their active Raiz Investment Account. These five investments will be selected at random. We note that no individual prize exceeds $250.00 and total value of prizes do not exceed $50,000.00.
5. These five random Raiz Account holders will be notified by email when the credit investments will be deposited into their Raiz account by Friday, 28th June 2019.
6. The permit number in the format NSW Permit No. LTPM/18/03853.
7. This promotion is in no way sponsored, endorsed or administered by, or associated with any other third party.
8. By entering this promotion, you agree that we may use entries for future marketing purposes in any media or branding.
9. 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

03/06/2019

From Raiz CEO, George Lucas

Lacklustre performance in gold despite global jitters

First off, on the gold market. We’ve seen the performance of gold since the start of 2019 has been poor, despite expectations for looser US monetary policy and mounting US-China trade tensions.

That’s somewhat unusual given gold is considered a safe-haven asset as it can be negatively correlated with traditional risky assets, such as equities. However, since the US-China trade war took a turn for the worse in early May, the price of gold has fallen. The drop is arguably more surprising given it’s happened against the backdrop of falling expectations for interest rates in the US.

US stocks strong but bonds signal a warning

Another consideration is that the US government bond and stock markets are saying different things about the health of the economy, given that the S&P 500 is only 5 per cent or so off its peak.

The US 10-year Treasury yield, meanwhile, has fallen below 2.25 per cent. Its 0.50 per cent drop since the start of March has been driven by a reassessment of the prospects for US Federal Reserve policy amid signs of economic weakness in the US and its trade spat with China.

However, it is common for equity prices to remain high while Treasuries rally in anticipation of looser Fed policy, with investors  now anticipating the two rate cuts in the US. The stock market’s resilience doesn’t tend to last, though, when the expected reduction in interest rates is vindicated by a subsequent slowdown in economic growth.

US faces multi-front tariff war

Turning to global trade tensions, US President Donald Trump now plans to slap new tariffs on Mexican imports, which would leave him fighting a multi-front campaign that threatens more instability for US manufacturers, US consumers and the global economy.

On the Chinese side, China’s state planner authority said this week that it would “prioritise domestic demand” for rare earth elements (REEs), increasing speculation that China may retaliate against the US tariffs by limiting exports of REEs.

If China follows through on this threat, offshore REE prices would probably jump as China accounts for over 90 per cent of global production. This would push up import costs for the US, which relies on REEs for both military and industrial uses.

A large wedge between onshore and offshore REE prices would also help to discourage electronics manufacturers from shifting production out of China to other countries in response to US tariffs.

Back to Mexico, President Trump’s surprise announcement was that he would impose 5 per cent tariffs on Mexican imports, with the possibility of raising them to 25 per cent if Mexico does not stop migrants from crossing into the US.

Tariffs on US imports from Mexico will have significant implications for share prices of auto makers with large operations in Mexico. German, Italian and Japanese car makers are most exposed.

Capex spend disappoints in Q1

Meanwhile back here, Australia’s private capex survey confirmed that firms are becoming less willing to invest, with private capital investment declining by 1.7 per cent quarter-on-quarter in Q1.

Turning to interest rates, we expect that the Reserve Bank of Australia to cut rates by 0.25 per cent to 1.25 per cent on Tuesday.

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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Even though your finances might be the last thing on your mind in your 20s, having a few financial goals will help lay the foundation for financial security in your 30s.

Of course, your goals will be different depending on your situation, however, these five can act as a place to start.

1.  Know where your money is going

You’ve undoubtedly heard people harping on about making a budget. However, sticking to a budget doesn’t work for everyone. Even so, knowing where your money is going is incredibly important. This will help you understand where you could be spending less money and even where you could be making more money.

This could mean tracking your income and expenses in a spreadsheet or with an app, like Raiz. If you typically use a card to pay for things, these apps can sort your income and expenses into categories automatically. Ignoring your finances can land you in hot water, especially if you start accumulating credit card debt or “buy now pay later” debt such as with Afterpay.

2.  Pay off high-interest debt

Many people have already dipped into high-interest debt, such as having a credit card or personal loan. However, these loans don’t have to be the end of the world. Paying off your debt goes hand in hand with knowing where your money is going. It’s important that you can meet minimum repayments every month, ideally going beyond this amount. Of course, you’ll also want to avoid getting into more debt.

3.  Start investing your money

The thought of investing can be quite daunting, especially when you don’t know where to start. However, using a micro-investing platform such as Raiz makes it easy to invest in a diversified portfolio starting with $5. With Raiz, you don’t have to handpick stocks on your own. Plus, you can decide what level of risk you’re comfortable with. Over many years, you’ll see your money multiply with the power of compound interest and reinvested dividends. For more information on Raiz fees, click here.

If home ownership or property investment is a priority for you, now may be the time to buy, especially with the Australian market cooling. To comfortably afford repayments on a house in Australia, you’ll need to be making a significant amount. For example, in NSW, your household income would need to be $124,000 a year in order to avoid mortgage stress. You might consider setting an income goal or aim to save for a deposit in your 20s.

4.  Have an emergency fund

Even if you’re not financially independent as of yet, having an emergency fund is always an important safety net to have. Usually, a 3-month emergency fund is enough in the case that you lose your job or decide you need time off work. Once you know what your monthly expenses are, multiply that number by three and aim to have this amount saved.

5.  Take control of your retirement fund

Retirement should be many decades away. However, where your superannuation ends up is important now. Different super funds come with different fees and different historical returns. With compound interest, even a small difference can make you thousands more in the long-term.

After you choose a super fund that’s suitable for you, it’s important to make sure your superannuation is consolidated. Most people will have multiple jobs over their working life and sometimes this leads to having multiple super fund accounts that you’re paying fees for. Having all your money in one place will mean you’ll be making more with compound interest and only be paying one lot of fees.

Final words

For many people in their 20s, this is where you’ll enter your journey into financial independence. This means you’ll be developing habits that you’ll likely take into the rest of your life. Therefore, it’s more important than ever to make sure you’re building strong habits and goals so that you don’t end up having to reverse bad money decisions in your 30s.

Guest author: James Pointon is a Commercial Manager at OpenAgent.com.au, an online agent comparison website helping Australians to sell, buy and own property.

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.

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Regardless of your financial income it is important to address two key factors as a woman living in a world adorned in dollar signs. Resilience and Wellbeing, the balance between the two provide a foundation for a strong financial relationship that is not only flexible in times of hardship but also allows us to enjoy the fruits of that which we have worked so hard to cultivate.

Current statistics recognize that women’s savings are inadequately supporting the needs of older generations. An astonishing 34% of single 60+ year old women are currently living below the poverty line.

The financial story of women is in desperate need of a rewrite and in a way, that challenges us in an exciting and engaging way. How do we turn this story of gloom into one of stability and positive growth? The words Resilience and Wellbeing echo again.

Spending time in the trenches assessing the details when needed, taking authority over one’s own savings and spending with clear and honest understanding. Gone are the days of Prince charming and Fairy God mothers, we are moving into an era of #girlbosses where we are just as interested in the latest fashion trends as we are the intricacies of our own financial security.

Resolve to find your own definition of financial stability. Not your best friends’ idea of stable and secure or the likes of business guru Jo Horgan- Mecca Brands. What are a list of your basic needs to be for filled to allow you to feel grounded and safe? Simple questions like this can and will encourage a new story to grow.

With strength comes stability and with continued awareness we can move with confidence in a financial world. The goal is balance, present when times are tough and presence when we are glowing in the face of financial freedom.

Author: Jessie-Anne is a yin yoga/meditation teacher and writer based in Sydney, Australia. 

Don’t have the Raiz App?

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

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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21/05/2019

From Raiz CEO, George Lucas

AUD tumbles as US-China trade war heats up

This week saw the Australian dollar hit hard by increased risk aversion flowing from the re-escalation in US-China trade tensions. The AUD fell by more than 2 percent against the greenback following the flare up in the long-running trade spat between the two global superpowers.

Meanwhile, the Japanese yen gained over 1 percent against the US dollar. A large fall in the AUD against the yen is generally synonymous with fading risk appetite, particularly in relation to China.

Looking ahead, if the markets are right about policy rate changes in the US and Australia, interest rate differentials would support the AUD against the greenback. Investors are yet to discount three rate cuts expected in the US by end-2020. They have already priced in both rate cuts in Australia.

What’s more, the AUD has this year not been boosted by a higher price of iron ore — a key export that closed last week above $100 a tonne.  If the market prices this into the AUD, we could see a sharp turnaround in the local currency as the terms of trade improve for Australia.

Australian unemployment lifts sharply

On the labour market, monthly jobs data showed the number of people employed in April rose 28,400. However, despite the lift in raw numbers, the unemployment rate climbed to an eight-month high of 5.2 percent due to a jump in the labour force participation rate.

The rising unemployment rate may give the Reserve Bank of Australia an excuse to start cutting interest rates. That’s because while in the past a jobless rate of 5.2 percent would have signalled a strong employment market, I suspect the RBA will at the moment be focused more on the change in the rate, not the actual level.

Malaysia’s economic growth slips in Q1

Turning to Asia, data out Thursday revealed Malaysia’s economy slowed in the first quarter of 2019, with GDP figures showing growth fell from 4.7 percent year-on-year in Q4 to 4.5 percent in Q1. We think that the loss of momentum in Malaysia’s economy has further to run.

Across in Indonesia, the Bank Indonesia (BI), as suspected, left its policy rate at 6.00 per cent. We expect the rate to remain on hold in 2019 provided the rupiah doesn’t slump against the US dollar.

Renminbi slides on fresh US-China tensions

In China, the 2 percent fall in the renminbi against the US dollar since the latest flare-up in US-China trade tensions is significant given the relative stability that came before. The fall in the RMB does not appear to be a deliberate devaluation strategy to offset US tariffs. Indeed, if anything, Chinese policymakers are currently trying to limit the renminbi’s slide.

On the latest evidence, Chinese policymakers still attach considerable importance to the financial stability point, despite the greater tariff threat. Since US President Donald Trump recently suggested more tariffs were imminent, the People’s Bank of China’s daily fixings for the onshore RMB (CNY) have consistently been set stronger than the previous day’s close in the offshore rate (CNH).

Meanwhile, the cost of short-term borrowing in the offshore renminbi market has jumped, which may be a sign that Chinese officials are trying to make it harder to short the currency.

That all suggests that, for now, the RMB is a casualty in the trade war, not a weapon. If talks break down altogether, Chinese policy makers might step back and allow the market to drive the currency down further. But even then, they would probably still shy away from actively driving it lower.

Iron ore tops US $100 for first time in years

In other developments, the price of iron ore rose above US$100 a tonne for the first time in five years on Friday. That was after Vale, the world’s biggest producer of the steelmaking ingredient, warned there was a risk of another dam failure at one of its mines.

The price of iron ore has jumped more than 35 percent, or US$27 a tonne, since the Brazilian dam tragedy in January. Since then, Vale has been forced to shut down 93 million tonnes of iron ore production, which has tightened the market considerably.

At that level, some of the world’s biggest mining companies, including BHP Group and Rio Tinto, will be generating huge free cash flow from their iron ore businesses as the price of Iron ore defies market commentator predictions.

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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Building a positive relationship with your finances is a worthy investment that can both maintain and improve your financial well-being.

These are our four tips to help build a positive relationship with your finances:

Spend what is left after saving

“Do not save what is left after spending, but spend what is left after saving” – Warren Buffett.

When you get your pay check, many people make the mistake of spending first, and then saving what is left over. The problem with this is that it doesn’t guarantee any savings; your savings become dependent on how much you spend each month (and often in a rather unplanned fashion).

A better strategy is to pay yourself first by setting aside a fixed percentage of your income towards saving and investing, and then spending with what is left over.

Automation is your friend here, which can whisk the money straight out of your spending account before you have a chance to spend it. Setting up a recurring deposit to your Raiz account is one way to do this.

Monitor your cash flow

A fancy term for budgeting, managing your cash flow provides answers to how much you are spending, where you are spending, and if you’re on track to reach your financial goals. The ‘My Finance’ feature within the Raiz app is a good tool to start tracking your expenses.

Once you know how much you are spending and where, you can begin to build a basic budget and cut down on unnecessary expenses to maximise your savings. See our post ‘How to: budget in 2019’.

Build an emergency fund

An emergency fund, or savings safety net, is money set aside to help cover the costs of any urgent or unexpected expenses – something like your car braking down. Having an emergency fund provides you with peace of mind that you can deal with any bumps along the road.

How much money should you put into your emergency fund? It really depends on your own financial situation. Reasons such as having low confidence in your job security or being in poor health can be factors to take into account when considering the size of your fund. Whatever your goal is, the trick to getting started is to start small and save regularly.

Utilise the power of compound interest

The power of compound interest enables your money to grow at a faster rate as you accumulate interest on your interest. For example, a 10% return on 100 dollars nets you $10 in the first year, taking your balance to $110. In the second year, this same 10% return now pays you $11 in interest. Over the long-term this compounding effect can significantly boost your savings and investments.

If you invest just $5 a day into an investment account like Raiz, assuming returns of 7% per annum, after 20 years your investment will have grown to be worth $74,817, with a return of $38,317*. The earlier you get started, the more time you have to take advantage of compounding.

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.

*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.

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1. These Participation Terms apply to this Pureprofile Raiz Rewards Promotion along with the Raiz Invest Australia Limited Website Terms of Use (Agreement). These Participation Terms must be read alongside, and form part of the Agreement between you and Raiz Invest Australia Limited (ABN 26 604 402 815), and you must comply with both. Terms capitalised but not defined in these Promotion Terms have the meaning given in the Raiz Invest Australia Limited Website Terms of Use.
2. The Pureprofile Raiz Rewards Promotion is being offered by the following Third Party Retailer PUREPROFILE AUSTRALIA PTY LIMITED ABN 99 093 819 713 (Third Party Supplier). Details of the Promotion are as follows:
   1. Promotion Term: This Raiz Rewards Promotion runs from 13/05/2019 until 31/12/2025. To be eligible to participate, you must complete a survey between 12:00AM AEST on the Start Date and 11.59PM AEST on the End Date of the Promotion Term. Your eligibility to participate will be determined by reviewing the survey completion (as notified to Raiz Invest). Note that there could be circumstances where the Promotion Term is shortened, extended or otherwise modified. Please see the Agreement for details.
   2. Customer Reward: The Third Party Retailer will contribute an amount of money for investment into your Raiz Invest Account if it is a specified paid survey. Please refer to each individual survey if there is an eligible reward and the amount.
   3. Eligibility:
      1. Reward will only be eligible by clicking on the “START EARNING NOW” link displayed with the Third Party Retailer’s logo on the Raiz Rewards Page of the Raiz App; and
      2. then proceeding to complete a paid survey without clicking any other external links.
   4. Payment of Customer Reward:
      1. Whilst it is intended that Customer Rewards will be paid by the Third-Party Retailer to Raiz on your behalf within approximately 30 days from the date of completing a paid survey, delays may occur (eg public holidays, technical issues or other reasons).
      2. If reward has not been received within 30 days, users must email the customer support team at support@raizinvest.com.au Users must email through within 60 days from completion of survey in order for the reward to still be eligible.

07/05/2019

From Raiz Ceo, George Lucas 

US creates 263,000 jobs in April

Last week saw the release of the latest US employment report, published on Friday. The report was strong, with non-farm payrolls increasing by 263,000 in April, above consensus expectations, while the unemployment rate fell to its lowest level in nearly 50 years.

However, wage inflation was a bit weaker than expected, hours worked edged down, and the unemployment rate only decreased owing to a massive fall in the labour force. That’s probably why yields on Treasury bonds dropped and stock market rallied.

Even so, the report still suggests that the underlying fundamentals of the US economy remain solid. Confirming the data, first-quarter gross domestic product expanded by 3.2 per cent, the US Bureau of Economic Analysis said in its initial read of the economy for Q1.

US Federal Reserve hold interest rates steady

Still in the US, although there was no policy change after the latest Federal Open Market Committee (FOMC) meeting, investors appear to have been caught off guard initially by the reduction in the interest on excess reserves (IOER) rate and subsequently – and more importantly – by Fed Chair Jerome Powell downplaying recent weakness in inflation.

The Fed might be reluctant to cut rates just because of the recent weakness in inflation, particularly given that labour costs could pick up. This is a similar issue that the RBA is facing here in Australia, which will be heightened if Labor wins at the upcoming federal election.

China’s economy loses more momentum

In Asia, China’s onshore stock markets brushed off the pull-back in the country’s PMIs released last week, but the data ultimately supports a view of a slowing Chinese economy.

Chinese equities have surged by more than 30 per cent between the turn of the year and mid-April, driven in part by optimism about earnings. According to Bloomberg, analysts anticipate a 25 per cent jump in corporate earnings in the Shanghai market in the next twelve months, which would require a very strong rebound in the economy.

However, this is not supported by the recent PMI data and the Shanghai and Shenzhen markets have actually started to falter since 19 April. They are down by 6 per cent and 8 per cent, respectively, from their peaks, despite ticking up last Tuesday.

What is also surprising is the lack of reaction to those drops elsewhere. The S&P 500 has risen to a record high, and European and Japanese indices have edged up.

China is large enough that equities there rarely head in the opposite direction to those elsewhere for long. Foreign investors may initially ignore falls in China as signs of a “healthy” correction in a overbought market, but will probably eventually react.

US-China trade talks set to resume

Looking ahead, trade negotiations with China are due to resume in Washington this week, with a deal said to be close. According to reports, key points that remain at issue include how to police any deal, and whether existing tariffs will be removed or stay in place.  However, a war of words between the US President and China have thrown some doubt over whether this meeting will now take place.

This next round to negotiations follows talks last month in Beijing that US Treasury Secretary Steven Mnuchin labelled “productive”.

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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1. These Participation Terms apply to this Dan Murphy’s In-Store Raiz Rewards Promotion along with the Raiz Invest Australia Limited Website Terms of Use (Agreement). These Participation Terms must be read alongside, and form part of the Agreement between you and Raiz Invest Australia Limited (ABN 26 604 402 815), and you must comply with both. Terms capitalised but not defined in these Promotion Terms have the meaning given in the Raiz Invest Australia Limited Website Terms of Use.
2. The Dan Murphy’s In-Store Raiz Rewards Promotion is being offered by the following Third Party Retailer WOOLWORTHS LTD 88 000 014 675 (Third Party Supplier). Details of the Promotion are as follows:
3. 1. Promotion Term: This Raiz Rewards Promotion runs from 01/05/2019 until 07/05/2019. To be eligible to participate, you must make an Eligible Purchase between 12:00AM AEST on the Start Date and 11.59PM AEST on the End Date of the Promotion Term. Your eligibility to participate will be determined by reviewing the date of the transaction, as it appears in your relevant card or account statement (as notified to Raiz Invest). The card you link must be one that is already linked as a Spending Account in the Raiz app. Note that there could be circumstances where the Promotion Term is shortened, extended or otherwise modified. Please see the Agreement for details.
   2. Customer Reward: The Third Party Retailer will contribute an amount of money for investment into your Raiz Invest Account equal to 2.8% of the purchase price of Eligible Products of min. $200 (inclusive of GST but not any delivery or Administration fees) or more when paid in full.
   3. Eligible Purchase:
      1. Eligible products: All products, excluding gift cards and tobacco purchased and paid for in full (not including any returned items or cancelled orders).
      2. Participating stores: Eligible Purchase can be made only by:
         1. clicking on the “LINK CARD HERE” link displayed with the Third Party Retailer’s logo on the Raiz Rewards Page of the Raiz App and providing the last 4 digits of the card used; and
         2. then proceeding to make a purchase in a Dan Murphy’s store.
      3. The purchase and purchase amount must be reported to Raiz by The Retailer.

      No other purchases from the Third Party Retailer or the linked site will be considered Eligible Purchases for the purposes of this Raiz Rewards Promotion.

   4. Payment of Customer Reward:
      1. Whilst it is intended that Customer Rewards will be paid by the Third-Party Retailer to Raiz on your behalf within approximately 30 days from the date the Eligible Purchase is processed, delays may occur (eg public holidays, technical issues or other reasons).
      2. The customer reward will not be calculated to include any delivery, handling or administration fees or charges that the Third Party Retailer includes on any Eligible Purchases.
      3. If reward has not been received within 30 days, users must email the customer support team at support@raizinvest.com.au with a copy of the receipt including the date, sale value, order ID and proof of card used (last 4 digits). Users must send this through within 60 days from date of purchase in order for the reward to still be eligible.