Double Referral Bonus ($10 for Both Referrer and Referee) @ Raiz Invest

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worker on 01/09/2021 - 14:35 app.raizinvest.com.au (84 clicks)
Last edited 01/09/2021 - 14:46 by 1 other user

Yo free money is free money, everyone wants it!

It's that time of year again. We have doubled the referral bonus you and your mates can earn in September! That’s $10 for you and $10 for your friend 👍

How do I refer someone?

Just make sure that they sign up using your unique invite link. You can share your link through the app, or simply copy & paste it to them directly.

You will both receive the $10 referral bonus after they make their first successful investment and it is showing in their Raiz balance.

There are no limits on how many people you can refer, so feel free to invite as many people as you’d like 😊

(Mod: referral solicitation and referral codes in deals are not allowed.) (my bad :) )

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Raiz Invest

• 

  ilovefullprice on 01/09/2021 - 14:48

  +3

  https://raizinvest.com.au/product-disclosure-statement/#Bene…

  MAINTENANCE FEE

  Standard Portfolio
  A monthly Maintenance Fee of $3.50 is payable for six of the standard portfolios if your Raiz Investment Account has a value of less than the $15,000 threshold at the end of each month. If your balance is equal to or greater than $15,000, there is no Maintenance Fee.

  Sapphire Portfolio
  The monthly Maintenance Fee is $3.50 for the Sapphire Portfolio (irrespective of your Account balance).

  Custom Portfolio
  The monthly Maintenance Fee of $4.50 is payable for the Custom portfolio if your Raiz Investment Account has a value of less than $20,000 at the end of each month. If your Account has a value of equal to or greater than $20,000, there is no Maintenance Fee.

  Don’t like the fee structure. Can we withdraw the $10 straight after getting it?

  • 

    droodle on 01/09/2021 - 15:50

    fees are tax deductable

  • 

    jwsc on 01/09/2021 - 16:05

    +2

    oh man! i was looking forward to a promo like this, so i could compare with spaceship.
    But this was based of the last time i looked at their fees, when their flat rate fee was capped at $5000 and only slightly more expensive than Spaceship..
    5K i dont mind dumping in to get the variable fee, but 15k….thats a lot of money

• 

  neilpatrickharris on 01/09/2021 - 15:18

  +6

  My friend put the same amount of money in Raiz and Spaceship a little while back. Spaceship outperformed raiz significantly. Separately, I never understood the point of Raiz - if they’re investing in ETFs why can’t I do that myself? Investors end up paying feeds to Raiz in addition to whoever is managing the ETF. Might as well just invest directly through a vanguard account.

  • 

    droodle on 01/09/2021 - 15:53

    i've been using raiz just over a year and v.happy with my 26% return as of today .. you can add small amounts whenever you like without additional fees .. using just round ups and a weekly deposit of $50 - $100 and now got just over $9k which i just would have blown on random shit otherwise

    • 

      neilpatrickharris on 01/09/2021 - 16:22

      +1

      You can do the exact same thing with spaceship, with a far lower cost fee structure and better performance.

      There’s a reason why Spaceship (launched in 2018) is growing so much faster than Raiz (launched in 2016).

      Spaceship has 200k customers, managing total of $1bn. I.e. average account balance $5k.

      Raiz has 275k Australian customers, managing a total of $800m. Average balance of $2.9k.

      Raiz is a listed company - their main objective is to generate returns for their shareholders and increase share price. Spaceship is privately owned by venture capital - no immediate need to generate returns but will instead rely on growth in valuation for them to realise a return down the track. Obviously this can change down the track.

    • 

      jwsc on 01/09/2021 - 16:47

      +4

      also, i was looking though their PDS, their portfolios are just made up of other ETFs
      So youre essentially paying a management twice, they show their balancing ratios, could always recreate it on Superhero or something, save on the extra fees

    • 

      Meovel on 05/09/2021 - 12:30

      You can get more returns by buying the ETFs directly while you actually own them.