Investing

The Easiest Ways to Invest in Growth Stocks

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How to invest in Growth StocksLooking to grow your net worth using Growth Stocks.  Here are some of the easiest ways to invest in Growth Stocks in Australia.

What is a Growth Stock?

Simply put, a growth stock is a publicly traded company that is expected to grow more than the market.   A good example in 2020 would be Tesla.    Since the start of the year it has gained over 200%.  This is obviously an outlier.  But there are many other stocks that have grown even during the market downturn.

If you’re a young individual you probably don’t have a huge net worth.  So your goal most likely is to grow your capital.  Growth stocks are one way to achieve this.

Read moreThe Easiest Ways to Invest in Growth Stocks

How to save your first $100k

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Guru investor Charlie Munger once said “The first $100,000 is a bitch”.  It sure is.  When you start out investing and saving, your money will gain very little from compounding.  Most of your growth will come from putting aside money from your salary and other side income.

Once you hit $100k though, things will start to become a little easier.  For many people $100k seems completely unreachable.  But there are countless stories of people who have been dilligent with their finances and managed to overcome that barrier.  Here are some tips you can use on your journey to ammassing your first $100k.

Read moreHow to save your first $100k

Spaceship vs Raiz: Which One Performed Better This Year

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Spaceship vs RaizI’ve been investing using the micro-investment apps Spaceship Voyager and Raiz, so I thought I would compare Spaceship vs Raiz to see how they performed over the last financial year (2019/2020).

This has been a pretty interesting year for the markets.  At one point we were setting record highs, before everything came crashing down thanks to Coronavirus.

Read moreSpaceship vs Raiz: Which One Performed Better This Year

Here’s a Spaceship Voyager Promo Code

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spaceship voyager promoUpdate – We’ve updated the spaceship promo code for August.

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

eToro Review: Is It worth signing up for

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I’ve been using eToro for a while now.  It’s an innovative online social trading platform that is now available in Australia.  It has some pretty unique features so I thought I would give it a full etoro review for 2020.  So is eToro worth it?  Read on to find out:

What is eToro

eToro is an online trading platform.  Through eToro you can trade shares, forex, commodities (such as gold and oil) and cryptocurrencies.  What makes eToro unique is that it’s also a social trading platform.  It’s a bit like if you combined Facebook with a broker.  Traders on eToro can share their trades, and other people can copy them.

Read moreeToro Review: Is It worth signing up for

You can now Invest in Stocks without Commissions on eToro

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Popular online trading platform, eToro has launched commission free trading for real stocks.  This means you can trade stocks like Netflix, Apple, Tesla and more and you won’t pay commissions.  Previously eToro only offered CFD trading in Australia.  But now you can buy and own the actual stock through eToro.

Investing in U.S Stocks

While you can trade cfd stocks from all over the world on eToro, currently only real stocks are available for U.S listed stocks.  But for many Australians, this is perfect.  I know I’ve always wanted a way to invest in U.S stocks without having to pay the huge commissions that Australian brokers charge.

Read moreYou can now Invest in Stocks without Commissions on eToro

The cheapest way to invest in stocks: The Best Platforms

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One of the biggest drawbacks of share investing are the brokerage fees.  These can really eat into any gains – especially if you’re not investing large amounts of capital.

Unfortunately in Australia we don’t have access to platforms like Robinhood which offers free stock trading.  But if you’re a bit creative, there are ways to cut down on your fees.  Here are my picks for the cheapest stock trading platform

Read moreThe cheapest way to invest in stocks: The Best Platforms

Should you Invest during the Coronavirus Pandemic

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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