Here’s a Spaceship Voyager Promo Code

Update – We’ve updated this with the latest promo for March 2020.  The current promo gives you a bonus of $5

I’ve been using the Spaceship Voyager app for the past few months.  It’s one of my favourite investment products.  They are currently running a promo where you get $5 free when you sign up to use the app.  It’s a great way to start your saving and investing journey.  Read on to find out how to get the bonus:

What is Spaceship Voyager

Spaceship Voyager is a new way to save and invest money. You can start investing with as little as $5 and then setup either scheduled investments of invest one off lump sums.  Your money gets invested in a diverse portfolio of stocks.  You can choose one of two portfolios – one is made up of the companies Spaceship thinks will be important in the future.  Think Apple, Tesla, Netflix etc.  The other is an index fund made up of the top 200 most popular companies.

Read moreHere’s a Spaceship Voyager Promo Code

Should you Invest during the Coronavirus Pandemic

Over the past 2 weeks, global stock markets have taken a battering.  Many people would understandably be getting very concerned seeing their super accounts, stock investments etc go down.      And some people would have panic sold.  But is now a good time to stop investing?  Is it a good time to start investing?  In this post I’m going to walk you through some of potential future scenarios and what effect this will have on your money.

Read moreShould you Invest during the Coronavirus Pandemic

The best investing apps for 2020

With interest rates at record lows, it just doesn’t make sense to save money in a bank account anymore.  Thanks to inflation your money will be worth less and less each year if it just sits idle in your savings account.  So what other options do you have?  Well there are now a myriad of different investing apps that have popped up over the past couple of years.  These apps make investing in stocks, ETFs (index funds) and bonds cheap and accessible to anyone, no matter how much money you have.  In fact you can get started investing and growing your wealth with as little as $5.

Here are some of the top investing apps that have piqued my interest in 2020.  I expect we will continue to see more and more innovate fintech apps launch throughout the year, and I’ll keep this post updated.

Read moreThe best investing apps for 2020

My top tips for CopyTrading on eToro

I’ve been experimenting with the CopyTrading platform eToro.  It let’s you automatically copy the trades made by more experienced traders.   Here are some of the things I’ve learnt while using the platform:

What is CopyTrading

CopyTrading is where your trading account automatically copies the trades made by more experienced traders.  Trading is hard.  So why not let someone who does it for a living do it for you.

When you copytrade, whenever the copied trader makes a trade, your account will make the same trade.  If the trader buys some Apple Stock, your account will too.

With eToro, you can browse through the profiles of thousands of traders.  See how well they have performed in the past and how profitable they have been.  Here are some of the things to look out for when copying traders:

Read moreMy top tips for CopyTrading on eToro

Commsec Pocket: Should you use it?

Commonwealth Bank has launched a new way to invest in ETF’s called Commsec Pocket.  ETF’s or exchange traded funds, are funds that are made up of hundreds of underlying stocks.  Shares in these funds are traded through the stock exchanges.  The advantage of ETF’s is you get to invest in a diverse(ish) portfolio of stocks in a single investment.   For retail investors, this has proven to be a more successful for many investors compared to trying to pick and choose individual stocks.

So before you download Commsec Pocket, make sure you read this review to see if it’s the right investment choice for you.

In this review, I’m comparing Commsec Pocket with Raiz as that’s the product Commonwealth Bank is looking to directly compete with.

Read moreCommsec Pocket: Should you use it?

How to start investing, even if you’re broke

Many people believe that investing is something for the rich or financial experts.  The reality is though that anyone can start investing, and you don’t even need a lot of money.  You can start investing in stocks and bonds with as little as $5.  And you can even do it without being charged any fees!  So read on to find out why you should be investing and how you can do it too, even if you’re broke.

Read moreHow to start investing, even if you’re broke

How to invest in index funds

Index funds are a low cost, diversified way to invest in the stock market.  The reality is that most retail investors who try and pick stocks on their own will end up either losing money or not beating the market index.  That’s why index funds are a great option for investing.    They’re hands off and contain a well rounded selection of stocks.  And the numbers don’t like – individual investors see better returns when investing in index funds!

So how do you invest in these type of funds?  Well here are our favourite options for investing in index funds for Australians:

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