There are many reason for making an investment, but probably one of the least rational is because it is 'cool' or 'fun' (imho). Doesn't stop me doing it though! So, don't take this as any sort of recommendation, just a 'fun' little investment option I found out about today and thought I'd share.
Spaceship Voyager is an app for your phone that lets you invest in an Australian Index Fund (ASX200) option, or alternatively in a some-what managed Fund (Spaceship Universe) that invests in 100 global companies that have been selected as less prone to disruption (i.e. investments such as Alphabet, rather than Encyclopaedia Brittanica). One thing I do like is that there is no minimum investment amount (investment and automatic savings plan are via direct debit from the bank account you link to) and no fee on the first $5000 you invest. I chose to invest $100 initially, with a monthly addition of $100. So, after four years or so I should reach the $5000 threshold to start paying a fee of 0.10% (for the Universe Fund) on my balance over $5000. If I'd invested in the Australian Index Fund option the fee for amounts over $5000 would have been even lower (0.05%).
They say they invest directly in the companies in the fund, rather than via an ETF, so I have absolutely no idea how this would be possible given the lack of any fees on the first $5000 of each account balance, and the likely small size of this Fund (it only launched in April 2018 as far as I can tell). But I wish them all the best (especially as they now have some of my money!).
On the downside, the PDS states that the parent company doesn't guarantee withdrawals, so if the whole scheme goes 'belly up' you're likely to loose your investment. But I suppose that's the case with many investments - if you want a government guarantee to get your money back you have to invest in a bank savings account.
Anyhow, the Fund/App is a cool idea, the colour scheme is great (purple!), and the theme (space) appeals to me. I did get a referral link when I signed up, but since I can only send it direct to my friends (I've sent it to DS1 in case he is interested), I can't spam it here. But if you really want to get an extra $20 for opening an account before the end of August, and plan on opening an account with them, I suppose you can email me or drop a comment on this article and I'll send you the link/referral code.
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