First deal of the new year! $10 deal is back!
Note that referral codes need to be added to your account after you sign up (within 14 days of sign up). Use the referral randomiser to get a code. You MUST invest a minimum of $5 to receive the referral.
$2.50 per month fee for balances above $100.
Past performance is not indicative of future performance.
$10 referral bonus for both referrer and referee
Referee must add a referral code and deposit a minimum of $5 within 14 days of sign up.
(Referrer must have already deposited a minimum of $5 to qualify.)
Returns on spaceship over last year have been pretty meh…can’t even say it’s low risk low return scenario either.
Well diversified equities is lower risk in the scheme of things - but definitely not zero risk
To be fair, equity return in the last year has beeb meh, particularly tech sector, which Universe is heavily invested in.
instead of punting on non-profitable hyper growth stocks like those in cathie's arkk
if one just stick to big names like, apple / microsoft / google / facebook / nvidia / amd , or even tesla
easy money there, last year would have rewarded very handsomely still
this is a hard lesson for myself
I've got 5% on Origin. And 2.5% on Earth. Over about 6 months and most interest being calculated when my investment was lower, as I deposit weekly. Earth is 18.6% for the year. Origin is 17.93%. That seems fine to me.
Happy New Year
Happy New Year!
Spaceship’s performance the last few months has been bleak. What happened? Given that they can actively managed their portfolio including holding cash, did they lose their main oracle person or something?
Spaceship (Universe) is very tech heavy. Tech in general has pulled back hard globally
Cash baby.
It hardly holds a lot of cash, the goal is to be invested "in where the world is going" or some bs like that.
I don't blame the managers for not trying to time the market.
@ilovefullprice: Their job is to invest in line with the mandate and generate returns. Timing the market doesn't have to be part of this.
Iirc they can only hold up to 15% cash per the fund mandate
As a investor though, you're welcome to try time the market by pulling your money in and out…
@blighst: Perhaps then the 15% cash holdings should be reviewed.
Your last paragraph is irrelevant as we are only talking about the fund’s performance and to avoid mixing up points.
big techs still up big on ytd
apple / microsoft / google / facebook / nvidia / amd
When universe comes back to being profitable, I will be moving funds to other etfs.
Why not pull out now to move to an ETF? Claim a capital loss and reinvest in ETFs so you don’t have to pay the $2.50 per month fee
You are still paying (indirect) fees with ETF’s.
minus 10% last year, no profit at all.
+9.18% over the past year, in fact.
I invested 5k in may, now its $-490
Buy high, sell low. Seems like a solid plan
Invested around 2k 2021 Jan. 2021 Dec 31, balance of $2.06k.
Pretty much meh return now with a monthly fee of $2.50. This was etfs coming out of a market crash due to a pandemic. I’d be watching the performance closely and be moving elsewhere otherwise.
Bruh 1.5% not including fees? That's not even enough to keep up with inflation :(
You're lucky, I put money in in Feb 2021 and I am down 2-3% atm. It's been a roller coaster year and was up 6% at one stage.
I'm not sure what people expect: when the share market is in downturn, managed share funds go down too. It'll go back up when everything does. You're meant to keep your money in there for years. If you want to time, deposit your money during the dips like this.
S&P 500 up 27% this year
Nasdaq up 22% this year
ASX up 12% this year
What downturn of the share market are you talking about????
Take FANMAG out from the Nasdaq and everything else got smashed for example, Aus tech also (BNPL etc).
I haven't looked but thought I saw someone mentioned Spaceship was tech heavy.
That's over the whole last year. I was talking about one of those short-term dips that people freak out over without considering the longer term figures you quote. Overall the market is on an upswing, but over December ASX got hit by a temporary ~5% downswing and US got a big dip mid/late December (Dow dropped by over a 1000; it's already recovered. Spaceship is mostly US stocks). It's already been recovering over the last week but has only started to be reflected in the spaceship unit price because of the time lag and holidays.
So, if you compare right now with no context, the last few weeks have made it look like the yearly return for Universe is around 9% (2.15 unit price now, 1.98 on 30 Dec 2020), whereas it has actually been consistently around 20% (the price before the dip at 2.35 on 11 Nov 2021, compared to 1.92 from 11 Nov 2020; so that's 22% gains if you shift the yearly comparison back just 6 weeks).
The whole point of my post is not to judge by the running comparison, because of short-term downturn dips like right now having a dramatic but specious effect. Returns are generally ~20% the last couple of years for Spaceship; don't panic by it going up and down in the short term.
edit: And as above, yeah, tech got hit harder. It'll all recover though (Pelosi just made a bunch of call options on tech; I trust her insider trading).
ASX up 12% this year
This. Not to mention a few extra percent dividend yield if you'd just tracked the ASX200.
Are Spaceship's Nasdaq names on a dip or coming correction of 10% to 20%? It would be overdue historically. Nobody knows and nobody can predict! We could be fools putting in money now.
IMO spaceship isn't worth investing low amounts with anymore with the new $2.5 flat monthly fee. You may be better off using something like Stake ASX to invest in VDHG or similar every few months using a calculator like this one. https://investcalc.github.io/
Yeah I pulled out when they announced the new fees.
For people just dipping their toes into investing j would suggest the CommSec Pocket app. IOZ + IOO would make a nice simple substitute for Spaceship Origin. NDQ is probably a good substitute for Spaceship Universe.
Yeah I was waiting until 12 months so to only have long term capital gains, but with the fee ended up at a loss so just withdrew and put it into ETFs
$30/year is hardly damaging fees, particularly when you consider it's unlimited transactions. Even a low cost broker would be higher if you're depositing every month.
Yeah so don't deposit every month. Pretty simple. I posted the calculator for a reason.
After jumping though many hoops to get the referral bonus, they still wouldn't honor it. Avoid these jokers.
I got 2 without any hassle
How's Raiz compared to these?
Same shit, different bucket.
They don't have a good track record of paying out and it's not a big amount to begin with.
I had an account here before they changed the fee structure. Thought about selling, but I stayed in and am using starship to DCA in. The $2.50 monthly fee is a bitter pill to swallow but I try to make the most of it with weekly purchases, that wouldn't be possible with ETFs due to brokerage.
If I knew they'd change the fee structure before I bought in, I'd just put the money in ETFs.
You can buy ETFs on Superhero without fees. I believe Stake also had/has no fees for ASX.
Prefer something CHESS sponsored, so Superhero is out for me. Haven't looked into Stake.
Why do you bother with Spaceship then? They are not CHESS sponsored. It is even worse because there is even less transparency than with the custodian model Superhero has.
@Mistredo: Fair criticism. I started out with Raiz/Spaceship before I had researched other options, like I said I wouldn't choose Spaceship if I was starting now.
bait and switch company
The performance of spaceship seems pretty good to me,
Spaceship Voyager
As at 30 November 2021
1 year performance
Spaceship Universe Portfolio
Spaceship Earth Portfolio
16.98%
24.75%
16.66%
Spaceship Origin Portfolio
Annualised performance since funded date:
Spaceship Universe Portfolio Since 15 May 2018
26.41% pa
Spaceship Earth Portfolio Since 12 November 2020
27.73% pa
Spaceship Origin Portfolio
12.42% pa
Since 15 May 2018
Yes, but past performance is not an indicator of future performance. In fact mean reversion suggests their portfolios will underperform in the coming years.
Negging this because as a few others have rightly pointed out above they don't pay the referral bonuses reliably.
I swear I put my referers code in correctly during sign up and I never received it.
I've received 2 just fine. It was awhile ago though
Thanks OP. Not sure who Timothy is but enjoy your $10 referral bonus :)
Thanks James! Can see your pending referral bonus :)
Man the arse has fell out of spaceship. My $1500 gains over 18months has been wiped in 2 months…
It’s getting uglier. I was going to put more in but I decided to take all of it out instead
This spaceship is in terminal decline and about to crash land
It's not just Spaceship. Stock market and crypto are having its bloodbath moment right now.
Submitting a referral code for a random OzBargainer to sign up with is against the terms and conditions, unfortunately:
You must not … refer people that you don’t know personally
Last deal of 2021.