How to invest with just $5 (micro-investing in Australia)
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What is micro-investing and how does it work in Australia?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash LP slash Rask. That's perla.com slash LP slash Rask. Thanks for tuning in to today's podcast.
Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance.
Kate, welcome to this episode of the Australian Finance Podcast.
It's great to be back, Owen. And we've got a very special guest today, Brendan, the CEO of Raise Invest. And we've had so many listener questions on the topic of micro-investing. So we're going straight to the source. And it's our pleasure to have Brendan on the show today. And I thought I'd just throw it over to Brendan to introduce himself and what Raise is.
Great. Thanks, Kate and Owen, for having us on the podcast. It's an honour to be here. I think... micro-investing, it is a hot topic at the moment and we get a lot of conversations and requests about what does it mean. And to me, as sort of running the business now for over four or five years, it's important to understand what micro-investing is, but also what the underlying assets are. And the simplest thing for micro-investing is that is what we're trying to achieve is through education and financial literacy, financial inclusion. And by micro-investing, you're micro-investing your whole, in the case of Raise, you're fully invested for your first $5. So that means you put $5 into a portfolio of your choice and that whole $5 is invested.
Now, just to back it up a little bit, maybe I explain a bit more about Raise in a nutshell. And I use the word nutshell because we used to be called Acorns here in Australia. And we launched in February 2016. There was, I mean, what happened next was massive and a positive surprise for us with the concept of saving and investing. Their virtual loose change in Australia had instant appeal. And we took the business from, we had a joint venture with Acorns Inc. in the U.S., and brought it out to Australia. And sort of today we're sitting at the end of September, 2020. So four and a half years later, we've got 227,000 active customers in Australia using the app. And as I said, it's a savings tool or a savings platform, but it breaks down the barriers for individuals to get into the stock market.
And that's when the micro investing side comes in. So to me, micro investing creates the ability to get into the market through the Raise platform, but also have a diversified portfolio.
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