Should you invest with Spaceship Voyager?

Spaceship Voyager AppI’ve been using Spaceship Voyager for the last few years.  Spaceship is an app for investing in a broad portfolio of stocks.  But how does it compare to other micro-investing apps and is it worth investing in?  Here are my experiences with the app.

What is Spaceship Voyager

Spaceship Voyager is a mobile investing app.  The concept is simple, you download the app, sign up, connect your bank account. You can then make one-off investments or setup recurring investments.  Your money is invested into one of two portfolios made up of stocks:

Spaceship Index vs Universe Portfolio

  • The Spaceship Index Portfolio –  This is made up of 200 of the largest companies from Australia and around the world.   While most of the companies are in Australia and the U.S, there is also a good selection of companies from Europe and Asia.
  • Spaceship Universe Portfolio –   This is made up of companies that Spaceship believes will be the future.   This portfolio is made up of 100 companies they believe will be less likely to be disrupted.

What I like about Spaceship Voyager

I like that Spaceship is giving you options to invest in the future.  The Universe fund is genuinely interesting and in my opinion is made up of pretty decent companies that align with my investment goals.  Many of the companies in the portfolio are companies that I use and love (such as Apple and Nike)

I like that they are making investing easier for people as well.  Traditionally, investing in funds like this required thousands of dollars of capital.  But you can get started for just $5.

Here is what I like about Spaceship Voyager:

  • It’s the Cheapest Way to Invest in Stocks – I haven’t been able to find a method for investing in a broad portfolio of stocks for free!  Balances under $5k are free and balances over $5k are charged just 0.05%.  This is super cheap!
  • You get a diverse portfolio – whether you choose to invest in the Index portfolio or the Universe portfolio, you are investing a diverse fund of stocks.
  • I’ve had success using Spaceship – you can see how my Spaceship Universe returns here.
  • Quick Withdrawals – I tested out the Withdrawal feature and found it took just a few business days.  It was noticeably quicker than competitor Raiz.  However this was just a one off test and the timeframe might vary.

What I don’t like about Spaceship Voyager

So what are some things I don’t like about Spaceship Voyager.

The App looks quite pretty but it could offer some more detailed stats.  Competitor Raiz, has charts with performance and all time profit and more detailed historical data.

I would like the ability to invest in both the Universe and Index portfolios.  Just so I could further diversify my investment and possibly change it based on my life stage.

Update for 2020 – Spaceship has added a very handy ETA feature.  This shows how long a deposit or withdrawal will take.  They have also added more details in the app so it’s pretty much on par with Raiz now.

Is Spaceship Voyager Safe?

Spaceship has been around for a few years now.  They are backed by some big names in venture capital and are regulated in Australia.

I don’t have any concerns with Spaceship and haven’t heard anything that would make me worry.  Spaceship is a legit investing platform for Australians.  You can find out more about the company here.

So should you invest?

I’ve invest a small amount each week in Spaceship. Over the past two years it has performed really well for me (remember past performance isn’t an indication of future performance).  I like the concept of investing future thinking companies.  And I also like the  index portfolio.

If you’re looking to invest in a broad range of companies and start with a small amount of capital, try Raiz.  It’s a much better designed app and the portfolio’s have been put together by Nobel prize winning economists.

p.s – If you are looking to sign up with Spaceship, you can $5 free if you use this referral code.

This post is for educational purposes and should not be considered as investment advice. This post is based on individual experience and journalistic research.

Some of the products we link to are affiliate links and we may receive a payment if you follow the link and choose to make a purchase or register with that site. This ensures that StudentSavings can continue operating and remain free of charge for everyone

2 thoughts on “Should you invest with Spaceship Voyager?”

Leave a Comment