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Sunday, 21 June 2020

Fun investing app - Spaceship

I opened an account with 'Spaceship' in August 2018 and invest $100/mo in their 'Universe' fund. So far the performance has been quite 'stellar', with gains of 35.54% in the past year. I've no idea how this fund will perform in future, so don't take this as a recommendation to invest! But I'll keep adding $100/mo automatically and see how this account performs over the next 10 or 20 years (assuming it stays around that long).

The 'universe' fund invests in a range of companies, including global tech companies such as Adobe, Alibaba, Alphabet, Amazon and Apple (funny how a lot of 'tech' companies all start with "A"). With No brokerage fees, no buy-sell spreads, no entry or exit fees, and no admin fee for balances below $5,000 (and only 0.10% in total fees for balances over $5,000) it seems a pretty easy, cheap and fun way to get into 'investing'. I also like the colour scheme, which happens to be my favourite colour ;)

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