Brendan Malone

speaker

224 appearances 1 recordings 1 series first heard Nov 2020 last heard Nov 2020

Brendan Malone’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · How to invest with just $5 (micro-investing in Australia) · 2 Nov 2020 podcast

You know, they talk about super funds and, you know, what's going to erode your balance.

You know, that's important.

And that's why, A, we make our fees transparent here in RAISE, but also we do a clean-up on a monthly basis to say, okay,

hey, Owen, your account, as an example, Owen, your account's $10, you are paying me $2.50 a month for that.

Either use it properly,

Or we'll close it.

Here's the big red button.

Hit the close button.

So $2.50 over a balance of $10 is very expensive.

Yeah.

We're not here for that.

We're here for make sure that the customer has a reoccurring on.

It's got the roundups on.

It's got a reoccurring or a savings goal set up.

Even use things like our Raise Rewards program because at the end of the day, it's going to benefit the user.

So you've just got to be careful.

aware of what you're getting into, aware of how long periods, there might be lock-up periods, there might be exit fees, just anything like that.

Kate, very good question.

And the key is there that, and the philosophy of RAISE is lowering those barriers to entry to get everybody exposure or a piece of the market and understanding, because what comes with that is that education piece.

There's no better way to learn it by putting either $5 in or $100 in and understanding it.

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