Raiz Invest your spare change
Version:2.24.7
Published:2024-05-24
Introduction
Introducing Raiz, the app that helps you effortlessly save and invest your spare change. With just a few taps, Raiz rounds up your everyday purchases and automatically invests the difference into a diverse portfolio of unit trust funds. Plus, you can set up recurring investments or invest lump sums whenever you have extra money. But that's not all - with Raiz Rewards, you can also earn cashback while you shop, which gets invested directly into your account. With bank-level security and simple fees, Raiz makes growing your wealth easy and accessible. So why wait? Start your investing journey with Raiz today and take control of your financial future.
Features of Raiz Invest your spare change:
❤️ Smart Investing: Raiz helps you save your spare change from everyday purchases and invest it into an investment portfolio made of unit trust funds. You can set recurring investments or invest lump sums when you have extra money. Additionally, you can earn cashback while shopping using Raiz Rewards, and the cashback will be automatically invested into your Raiz account.
❤️ Bank Level Security: Ensuring the safety of your data is the top priority for Raiz. The app protects your information with bank-level security measures, giving you peace of mind.
❤️ Simple Fees: With Raiz, you only need to pay RM 50 per month for accounts with a balance under RM. For accounts with a balance of RM1,000 or more, the fee is just 0.025% per month. There are no fees for accounts with a RM0 balance, and you can withdraw your funds anytime without any additional charges.
❤️ Automatic Portfolio Management: Raiz automatically creates and manages your investment portfolio, taking care of the risk mitigation and optimizing returns. This feature makes growing your wealth simple and easy, as Raiz invests for you in the background of your life.
❤️ Global Backing: Raiz is backed by Permodalan Nasional Berhad (PNB) and Raiz Invest Limited, giving it a strong foundation. Globally, the app has over 1,000 customers and manages more than AU$1 billion in Funds Under Management (FUM).
❤️ Long-Term Saving and Investing Philosophy: Raiz believes in saving and investing small amounts regularly, regardless of market conditions. This approach helps you maintain a healthier financial balance over the long term and manage the ups and downs of the market.
Conclusion:
Download Raiz now and take the first step towards your investing journey. With Raiz, you can save and invest your spare change easily, enjoy bank-level security to protect your data, benefit from simple and transparent fees, and have your investment portfolio managed automatically. Backed by reputable institutions, Raiz is a trustworthy partner to help you grow your wealth and navigate the market. Start your financial journey today with Raiz!
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Comment
A Google user
Unhappy with the new update. I liked being able to see when and what I had invested, as well as any dividends, on the opening page, that was the helpful information to be graphed, it now tells you nothing. Now when I press on a dip or spike, there is no update of how much account changed. I also don't want it to always open to All, I had mine set for 1 month, but there seems to be no way to change the settings. Unhelpful update with absolutely no benefit that I can see.
May 30, 2024 17:09:36
A Google user
The app is extremely streamlined and easy to maneuver, as well as offering clear explanations of the various options... I've only rated it 4 stars for now because I haven't had time to fully assess it. apart from that, terrific way to save money long term and track spending. (edit) it's been a few months now and have invested a small amount, I haven't lost any money and I've gained a small amount as expected, no issues thus far. I'm changing my review to 5 stars for simplicity.
May 29, 2024 17:16:39
Emma Cound
Update: the app is better than ever since some upgrades. (I have updated the rating to 5 stars from 4). Rewards are now organised into topic folders so they're easy to find. RAIZ is intuitive, informative, and easy to use for micro investment. Fabulous! This has been designed and built thoroughly and well. I love it. I've been using it for over 2 years.
May 29, 2024 12:46:00
Zak Robbins
Fantastic UI, and plenty of portfolio options. Since I started, my investment has just been falling, with the market returns constantly in the negatives. Thanks to dollar cost averaging though, I trust that it will soon be on the up. I really like the UI, you can tell that a lot of thought has been put into it, and I really appreciate the overall quality of the app.
May 27, 2024 18:39:51
A Google user
The concept, and Emerald portfolio in particular, is great but the app a little so-so in terms of performance transparency. For example, the change in value line chart for a portfolio is pretty useless as it includes the deposits made. As such, it always goes up over time, unless you look at the 1-Day performance. So you have to look at the individual performance of shares and ETF then combine it. Quite a tedious affair!
May 27, 2024 09:50:30
A Google user
Used to love this app, but really don't like the latest update... The previous format had an interactive graph showing the account value on each date, so you could see the market movements, when round ups were applied and dividends paid. The new graph only shows the value of the account on the day. I am very disappointed with the loss of this great feature.
May 27, 2024 00:58:49