Investing - StudentSavings

Here’s a Spaceship Voyager Referral Code

April 2, 2021April 2, 2021 by StudentSavings

Update – Here is the latest spaceship referral code for April 2021. This April Spaceship has doubled the bonus to $10!

I’ve been using the Spaceship Voyager app for the past couple of years. It’s one of my favourite investment products. They are currently running a promo where you get $10 free when you sign up to use the app and enter the spaceship referral code: S899HOOU92 . 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 three portfolios – one is made up of the companies Spaceship thinks will be important in the future. The second is the “earth” portfolio made up of sustainable companies. And the third is an index portfolio made up of 200 of the worlds largest companies.

The Best Commsec Alternatives

March 31, 2021 by StudentSavings

Commsec is one of the most popular share trading platforms in Australia. But is it really the best option? Commsec can be an expensive way to trade. I think there are better commsec alternatives available. Here are some of the platforms that I use and recommend as good alternatives for trading shares in Australia:

Here’s My Long Term Investing Strategy for eToro

March 20, 2021 by StudentSavings

Here is my Australian guide to investing in eToro for the long term. On eToro you can buy shares and ETFs and hold them for the long term without paying any commissions.

eToro can be used both as a short term trading platform (to profit off the movement of trades over a day) or for long term investing (growing your wealth over time). Day trading is complex and difficult. It’s not for most people. If you’re looking for long term gains on eToro, then here is a potential strategy for inspiration. Remember this isn’t investment advice – always do your own research.

You can check out my eToro portfolio performance for 2020 here. I’ve always put together a complete guide to eToro here.

Trading on eToro in Australia

March 16, 2021March 16, 2021 by StudentSavings

eToro is a trading platform that is available in Australia. You can trade stocks, currencies, cryptocurrencies, commodities and ETFs. But is it a good option for investing and trading? We break down the pros and cons.

What is eToro

eToro is an online trading platform. You can buy and sell shares (both real shares and CFDs), forex (currency like the AUD), cryptos (like bitcoin) and commodities (such as Gold and Oil). It’s also a “copy trading platform”. This means you can copy trades made by more experienced traders. Whenever they make a trade, your account also makes a trade.

I currently use eToro to invest in a portfolio of tech companies.

The Best Selfwealth Alternatives: 2021 Guide

February 12, 2021 by StudentSavings

Selfwealth popularised low-fee stock trading in Australia. But they are no longer the cheapest way to invest in shares and their platform is starting to feel a little old. Thankfully there are some great alternatives for investing in shares. While Selfwealth may be perfectly suited for you, if you’re investing with smaller amounts of money, there are better and cheaper options for you.

Here are of the best Selfwealth alternatives for Australian investors:

The Best Robinhood Alternatives for Australians

February 17, 2021January 28, 2021 by StudentSavings

Robinhood is a hugely popular share trading app in the U.S. When they launched they completely shook up the online trading world by offering share trading without any fees. Although at one point Robinhood had plans to launch in Australia, those plans have been put aside and Robinhood won’t be coming to Australia.

The good news is that there are now a couple of great Robinhood alternatives – eToro and Stake, that let you buy U.S stocks like Apple, Amazon, Tesla, Netflix etc, all without any commissions.

How to Have Success with eToro Copy Trading

March 18, 2021January 19, 2021 by StudentSavings

On eToro you can automatically copy the trades made by more experienced traders. It’s a great way to learn about investing and could be used as part of an investment portfolio.

Here is my 2021 guide for getting the most out of eToro copy trading.

Is eToro Legit?

December 22, 2020 by StudentSavings

I’ve been using eToro since 2012. Recently I’ve been investing in US shares (like Apple and Tesla) through eToro. So if you’ve been wondering if eToro is legit, I’ve put together this post with some details about who’s behind the company and what you need to watch out for.

The Cheapest ways to buy Shares in Australia

December 8, 2020 by StudentSavings

Buying shares in Australia is still pretty expensive compared to similar platforms in the US. For example, those in the US can trade using Robinhood (a popular platform) and pay zero commissions!

Thankfully we’re starting to see some more competition in Australia. As a result, the price of buying and selling shares is starting to come down.

Here are the cheapest share trading platforms in Australia:

My Raiz Review: Is it worth it?

December 5, 2020 by StudentSavings

I’ve been investing using the Raiz app for the past few years to invest and grow my wealth.

If you’ve been thinking about signing up, make sure you read my Raiz review to get a good overview of what the app does and whether it could be a good option for you.