Are you up for a saving and investing challenge this month?
Who among you has ever struggled to put together a consistent saving and investment plan? People often find reasons to put it off, to do it another time. Why not right now?
We want to help you kickstart your investing, so we have a few different challenges that you could choose to do just that!
1. $5 Daily Challenge
For one whole month, invest $5 every day. By the end of the month, you could have invested $150 from making small changes. It could funded by a coffee skipped, a muffin, even one short transport ride swapped for a walk on a nice day. You could setup a daily recurring amount of $5 in the Raiz app and see the investments automatically take place each day.
2. Stepvember
Here’s how it works. On the 1st of the month, you could make a One-Time Investment of $5. Then on the 2nd of the month invest $6, on the 3rd invest $7, and so on.
Doing this could see you investing $585 during a 30 day month, meaning you may really be setup for some spending money 😎. This is a bit more time intensive and cash intensive than the $5 daily challenge, as it involves you making a One-Time investment each day, but it could be well worth it if you make it to the end of the month.
3. Choose your investing adventure
Pick four amounts – e.g. $5, $10, $20, $50
Each day, invest one of your chosen amounts, making sure that you invest each amount at least once by the end of the month. By the end of a 30 day month, the least you could have invested using this approach is $215, and the most you could have invested is $1,500 👀
Build healthy habits
Because Raiz does not charge brokerage or transaction costs, we think these are a great way to try and develop a routine of frequent investing. You can try these approaches in any month. Chat to your friends and see which one they plan on trying, or come up with your own! We just want to give you the extra motivation to consider prioritising your saving and investing habits now, rather than later 😉 Find what investing philosophy works for you, and stick with it! Discipline to an investing strategy is also one of the keys we believe to successful investing.
To see Raiz Invest fees, click here.
Please read the PDS to decide if Raiz Invest is suitable for you.
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If you have read all or any part of our email, website, or communication then you need to know that this is factual information and general advice only. This means it does not consider any person’s particular financial objectives, financial situation, or financial needs. If you are an investor, you should consult a licensed adviser before acting on any information to fully understand the benefits and risk associated with the product. This is your call but that is what you should do.
You may be surprised to learn that RAIZ Invest Australia Limited (ABN 26 604 402 815) (Raiz), an authorised representative AFSL 434776 prepared this information.
We are not allowed, and have not prepared this information to offer financial product advice or a recommendation in relation to any investments or securities. If we did give you personal advice, which we did not, then the use of the Raiz App would be a lot more expensive than the current pricing – sorry but true. You therefore should not rely on this information to make investment decisions, because it was not about you for once, and unfortunately, we cannot advise you on who or what you can rely on – again sorry.
A Product Disclosure Statement (PDS) for Raiz Invest and/or Raiz Invest Super is available on the Raiz Invest website and App. A person must read and consider the PDS before deciding whether, or not, to acquire and/or continue to hold interests in the financial product. We know and ASIC research shows that you probably won’t, but we want you to, and we encourage you to read the PDS so you know exactly what the product does, its risks and costs. If you don’t read the PDS, it’s a bit like flying blind. Probably not a good idea.
The risks and fees for investing are fully set out in the PDS and include the risks that would ordinarily apply to investing. You should note, as illustrated by the global financial crisis of 2008, that sometimes not even professionals in the financial services sector understand the ordinary risks of investing – because by their nature many risks are unknown – but you still need to give it a go and try to understand the risks set out in the PDS.
Any returns shown or implied are not forecasts and are not reliable guides or predictors of future performance. Those of you who cannot afford financial advice may be considering ignoring this statement, but please don’t, it is so true.
Under no circumstance 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.
This information may be based on assumptions or market conditions which change without notice and have not been independently verified. Basically, this says nothing stays the same for long in financial markets (or even in life for that matter) and we are sorry. We try, but we can’t promise that the information is accurate, or stays accurate.
Any opinions or information expressed are subject to change without notice; that’s just the way we roll.
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Raiz Home Ownership Pty Ltd (ABN 14 645 876 937), an Australian Credit Representative number 528594 under Australian Credit Licence number 387025. Raiz Home Ownership Pty Ltd is 100% owned by Raiz Invest Australia Limited (ABN 26 604 402 815).
