How Raiz Actually Works (guided tutorial)
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- เผยแพร่เมื่อ 10 เม.ย. 2023
- Are you curious about how Raiz works and how it can help you grow your wealth? Look no further than my guide to understanding how micro-investing app Raiz can be the way you start your investment portfolio.
Subscribe to the channel for practical help guiding you from your first investment to early retirement www.youtube.com/@dadinvestor?...
In this video, I reference two articles from my site dadinvestor.com.au
www.dadinvestor.com.au/raiz-r...
www.dadinvestor.com.au/raiz-p...
also check out www.dadinvestor.com.au/micro-...
Whether you're a seasoned investor or just getting started, find out how Raiz works and how it can help you achieve your financial goals.
The information provided on this site is based on my own personal experience and is not to be construed as professional financial advice. The contents of this site and the resources provided are for informational and entertainment purposes only and do not constitute financial, accounting, or legal advice.
Some handy info here man. Keen to see if you come across any other ways to earn passive income. Thanks man 💯
For sure. Got another video on what I think of passive income, but most of the time I find the trick is to do something for a long time and the rewards come.
New user here, I'm finding the content great. How do we change our portfolio choice please?. I can't find it on the app
Appreciate the feedback.
For the Raiz app, look for the term "future" just above your account balance in the home screen.
When you click on that it should say "go to portfolio" and you can change selections there.
If you haven't seen already I have a full video on portfolios - th-cam.com/video/nUy33LVA7nY/w-d-xo.html&ab_channel=DadInvestor
Thanks for the video mate, Helpful guide, What are the benefits of doing this? What do you gain from a portfolio and how can it be used ?
Great questions.
A tool like Raiz or any micro investing app can be used as a way to grow your money at a better rate than a savings account over the long term. The way you add money into it is very similar but instead of the bank paying you interest, your money is put into the stock market where the results the companies you own shares in determine the returns you get. Over a period of 5-10 years these type of options aim to beat the performance of a savings account, but you do need to read more into the PDS and fact sheets at raiz to understand what you might expect.
If u put your super in, what does the rollover option do?
Rollover means you rollover the money from your other super accounts into the one. For example if you want to rollover your super into Raiz, it will look for other super accounts you may have and ask if you want to bring that money in for you.
the ATO define a rollover as - A rollover is when you, as a member, transfer some or all of your existing super between super funds, including SMSFs.