Micro investing is a great way for anyone – no matter their financial situation, to get started investing and saving. In this post i’m going to explain why micro investing works and the best options in Australia for getting started.
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.
Raiz is a micro-investing platform that invests your spare change in a diversified portfolio. It’s one of a growing number of investing apps targeted towards millennials. I’ve had great success with Raiz over the past couple of years. In this post I’m going to share some tips on how you can get the most out of investment with Raiz.
Spaceship Voyager is a new app that lets you invest in a broad range of companies with just $5. This isn’t the only App based investing product in Australia so how does it stack up to the competition and should you make the jump and start investing with them? Read on to find out.
Raiz is an Australian micro-investing app that invests your spare change in a diversified portfolio. I’ve been using Raiz (previously known as Acorns) for the past year and I’m going to share my results so you can get a clearer idea of what it does and whether its a good tool for you.
If you’ve been using Raiz, let me know in the comments if you’ve been having success.
There is so much hype around Bitcoin – and maybe for good reason. It’s an exciting new technology that could have a huge impact on the world. But should you be investing in Bitcoin? In this post I’m going to break down some of the reasons why it’s good and bad and why you should be investing in it.
Let me know in the comments if you’ve invested in Bitcoin and what you’re experience has been.