How do its fees and performance compare with other products in the market? Any thoughts? Thanks.
Any reviews of Spaceship Voyager - Universe Portfolio?
virhlpool on 14/01/2020 - 00:15
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What would Jack Bogle do…
He'd lead at the vanguard.
Performance is not too bad YTD in the middle of the pack. Fees first $5k balance is free then 0.05% which is pretty good for managed fund. I expect there to be more to it as there is fees associated with trading.
The best thing is you can drip feed money in starting $5 per week (or per month) which means you basically dollar average on a regular basis and you can make one off investments.
I have a foot in each portfolio as a test. I've got a share portfolio with margin loan (only 20% leverage), got investment property, overseas shares.
The only other cheap alternative is CommBank pocket app.
Can one invest in Vanguard directly without using apps like Spaceship or CommBank app that you're referring to? I don't have exposure to stocks/ mutual funds so assessing what would be the best entry point.
Does it mean you can't put initial investment more than $5k? Also, the additional payment can't be more than $100 (BPay)? Why do they have such restrictions? Can we not simply invest any amount when we want to? Sorry for the 101 question.
@virhlpool: Depends on the fund manager. To buy in minimum is $5k lump sum then you can have a regular investment plan say $100 a month. Minimum additional investment is $100 via bpay. It is on left hand side of the link I included.
Just started with it last week. The diversification of the Universe portfolio looked good to me. Thinking of setting up a monthly plan.
Thanks. If you don't want a monthly plan, can you just put money whenever you want to?
Yes you can make one-off investments
Yeah you can keep doing one-off payments instead of a plan. The charges kick in after $5K though.
I've been using Spaceship Voyager for the past couple of years. I invest on a weekly basis. So far it's been pretty amazing. Over the last 12 months I saw around a 30% return, which was much higher than I expected. I also invest through their competitor raiz and Spaceship did outperform it by some margin. (I compared them here: https://studentsavings.com.au/investing/spaceship-vs-raiz-pe…)
Overall I've been very happy with Spaceship. Being able to save my first $5k without fees was a good deal and gave me a pretty good start.
https://www.finder.com.au/spaceship-voyager
https://www.reddit.com/r/AusFinance/comments/aqcled/investin…