CommSec Pocket vs Raiz vs Spaceship - Which is the Best Investment App in 2020?

CommSec Pocket vs Raiz vs Spaceship Voyager, a review to determine the best Micro-investing App in Australia for beginners. I will review the fees, features, investments, returns, and more of each app, so you are able to determine which one is most suitable for you.

Sign-up using these links:
- CommSec Pocket: https://www.commbank.com.au/investing/commsec-pocket.html
- Raiz: https://app.raizinvest.com.au/invite/DWW7KA - Bonus $5 with this link
- Spaceship Voyager: Get $5 in your account when you enter this code S8I0EYEWKI when signing up. https://www.spaceship.com.au/voyager/

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00:00 Intro
01:50 Intro to Micro-Investing
03:03 CommSec Pocket Review
10:17 Raiz Review
14:35 Spaceship Voyager Review
19:52 Benefits of Micro-Investing
20:42 Next steps after Micro-Investing

Full review here: https://www.passivebets.com/commsec-pocket-vs-raiz-vs-spaceship-voyager-which-is-better-in-2020-review-for-beginners/

So all of these investment apps are what people would consider to be micro-investing apps and before jumping into the comparison, really quickly I want to give you an overview of micro-investing, what it is and why it’s useful. Micro-investing allows you to invest small amounts of money to help build up a profitable fund. The premise is simple – if you frequently make small contributions over time into an investment portfolio, you have the potential to earn more than you would if you saved it up as cash in a savings account. I like it because it gets people into the habit of investing frequently in the same way you might dollar cost average into ETFs.

Now not every micro-investment platform works the same way. Some apps actually let you invest smaller amounts than is normally allowed into the stock market, also called fractional investing and others work by investing your spare change from everyday purchases when you link your bank account. Really, micro-investing is for anyone looking for a cheap and convenient way to start building an investment portfolio.

CommSec Pocket is run by Commonwealth bank, the largest of the big 4 banks in Australia and was launched in the middle of 2019. The basic premise of the app is that it’s basically an ultra slimmed down version of a regular stock brokerage targeted towards new investors.

Raiz Invest (previously Acorns Australia) is an investing app, where their unique market offering is letting Aussies invest their money through the idea of “round-ups”. Basically you have it connected directly to your bank account and any type you make a purchase it rounds it up and invests the difference into your chosen investment option.

Now moving onto the last investing app for beginners we have Spaceship Voyager. This is run by the same people who brought you Spaceship Super and was launched in April 2018. They’re a bit different to all the other investing apps, that they are extremely focused on technology investments, which depending on your preferences can be a good or bad thing, but it does mean they’ve had great historical returns.

In summary when looking at CommSec Pocket vs Raiz vs Spaceship Voyager, if you’re someone who likes a lot of control with their investments but are still just starting out and don’t have a huge amount to invest yet, then CommSec Pocket will be the best option for you.

If you are someone who typically finds it hard to save, well the round-ups feature of Raiz combined with their no transaction fees will be a suitable option for you, as they are great for people who want to do frequent small investments over time.

Finally if you just want the cheapest fees and the simplest to use platform, well Spaceship Voyager is going to be the best option for you, as long as you like investing in technology stocks as well.

Видео CommSec Pocket vs Raiz vs Spaceship - Which is the Best Investment App in 2020? канала Michael Ko