I'm still very new to investing and don't have anything invested yet and hoping to get some comparison info between RAIZ and Spaceship.I'm 32 y/o with a mortgage and a child on the way. Obviously the portfolio choice you choose on each app will also make a big difference.So remember these results are based on my investment. If you invest in the index portfolio on Spaceship (which is similar to the Raiz portfolios) you’ll pay just 0.05% in fees.Right now Spaceship Voyager’s Universe Portfolio has delivered a better return. One or both could both possibly earn more than a HISA in a given year, one or both could earn less. The portfolio didn’t budge much during the pandemic. So I see myself using Spaceship Voyager as more of a primary investment going forward, especially the fees are half that of Raiz.Both platforms offer a bonus for new members. For balances under $5k you’ll pay no fees on Spaceship. Learn about personal finance: budgeting, saving, getting out of debt, investing, and saving for retirement. What RAIZ use and what Spaceship use are not identical, so they will perform differently. On Spaceship you are investing in a fund. Raiz portfolios are significantly skewed towards Australian equities whereas Spaceship Voyager (they also have an Index option) appears a better mix of Australian and international equities Until the Covid-19 hysteria hit the markets about 2-3 weeks ago, my Raiz investment (Aggressive portfolio) was performing less than Spaceship (Voyager portfolio), largely because of the US stocks rallying a fair bit
But raiz invest in broad ETFs which I don't like.I signed up with spaceship recently to get a free $20. I’m interested in it as a tool to recommend to friends to help them get into the etf game when they’re still unsure about stocks, but though I should probably use it for myself for a few months first. On Spaceship Voyager you have two to choose from. I'm going to stick to ratesetter.I’m trialing spaceship at the moment. Micro-investing and spare change round-up apps are getting more popular in Australia. Especially Stake.Use your HISA, and then every few thousand $ you save decide what you want to do.Raiz charges a $1.50 admin fee each month. At one point we were setting record highs, before everything came crashing down thanks to Coronavirus.The good news is that overall I’ve still made a profit as I’ve been investing on Raiz for a few years. But right now things are looking pretty good.The returns are based on my accounts. They didn't ask for any id. Our community is focused on financial education and helping each other along the way. Raiz Invest, previously named Acorns, launched in 2016 and quickly became popular for its round-up feature, allowing users to round up loose change from daily purchases like cups of coffee and add it to an investment portfolio. To really compare you should read both the Raiz and Spaceship PDS.What RAIZ use and what Spaceship use are not identical, so they will perform differently. The fees aren’t shown in the app, because they are part of the fund price. As all the disclaimers say, past performance is also no guarantee of future results. 4.5%p.a tax free guaranteed is better than the 3%p.a (less tax) you'd get in a HISA and (depending on your risk tolerance), possibly better off than the risky 11% you might get on shares.Spaceship sometimes post favourable comments about their product here without declaring who they are And the companies Spaceship invest in are listed here Their PDS are at the bottom of the page. I had really great returns in 2018 and 2019 so my overall portfolio is still showing a positive return 2020 was a horror year for the markets. So around about $50 for the year. I think Raiz has better downside protection however due to … There could be a crash of tech companies, there could be a major depression – who knows. One may be better in the short term and one may be better in the long term. So it’s really hard to say which will perform best over the long term. I have no idea if this will continue in the future. Even the day of the week you invest on, will have an impact.On Spaceship I invest in the Universe portfolio. I've heard some bad reports about Spaceship, particularly due to their dishonesty in the superannuation space.Personally, I think you're probably better off using your HISA to save before investing, but if you have poor impulse control, you might be better off using Raiz.I used raiz for a bit to have a go. This has been a pretty interesting year for the markets. Raiz will also let you withdraw your money, despite requiring 100 points of ID in order to do it. Please read the sidebar and observe sub rules when posting.Press J to jump to the feed. Partner and I both work full time currently (may change temporarily when baby arrives) and currently paying off some small debt while trying to save money for investing purposes (aiming for $5k).Is it better to use my HISA to save or either RAIZ/Spaceship? And because I’ve been investing regularly right through the pandemic, I’ve managed to pick up shares at a much cheaper price!Overall I’ve been most impressed with Spaceship Voyager. No issues so far.New comments cannot be posted and votes cannot be castAustralian Personal Finance. Any info would be great as I'm still very new. On Raiz you are investing the assets. I think that in raw performance that Spaceship will win out as it has been. And I expect this will be the same in the future too.I’ll update this post when I get my annual statement from Spaceship. One may be better in the short term and one may be better in the long term. It just put it back into the bank account it takes it from.
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