This was posted 2 years 9 months 24 days ago, and might be an out-dated deal.

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$5 Referral Bonus for Referrer & Referee ($5 Min Investment within 14 Days of Sign up Required) @ Spaceship

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$5 Referral Bonus for Referrer & Referee ($5 Min Investment within 14 Days of Sign up Required) @ Spaceship
Go to Deal
samyall on 01/07/2021 - 08:45 spaceship.com.au (1269 clicks)
Last edited 01/08/2021 - 14:22 by 1 other user

Spaceship Voyager referral program returns to its regular rate of $5 for both referrer and referee.

  • Referrer needs to have invested a minimum of $5 to qualify, otherwise the referral code is invalid.
  • Referee needs to add a referral code (in mobile app or on website) and invest a minimum of $5 within 14 days of sign up to qualify.
  • Referral bonus will be deposited within 5 days of both parties meeting the eligibility criteria.
  • Referral is unavailable in conjunction with any other promotional offer.

No fees on the first $5,000 invested, and 0.1% fee on balances above $5,000.

Offer terms and conditions for the period 1-31 August 2021.
Offer terms and conditions for the period 1-31 July 2021.
Besides for a change of dates, the current T&Cs are identical with all other $5 offers since December 2020.

NOTE: Do not put your code in unless you deposit at least $5 - it ruins it for everyone.

Referral Links

Referral: random (91)

$10 referral bonus for both referrer and referee

Referee must add a referral code and deposit a minimum of $5 within 14 days of sign up.

(Referrer must have deposited a minimum of $5.)

Financial Investment Managed Investment

Related Stores

Spaceship
Spaceship

closed Comments

    • Sweetnsour on 01/07/2021 - 08:59
      +2

      Good idea. Though will need to factor in capital gains tax when selling out. You will need to weigh up whether selling down v pay fees will be your best decision.

      • onlinepred on 01/07/2021 - 09:15

        On these small amounts it's not really a big deal. Unless you are a hardcore investor, it's better to just have good practices first. This app is targeted to new investors anyway. It's more valuable to diversify, and if you are planning on investing more, then it will be cheaper to invest elsewhere too.

        • pdtmathieson on 01/07/2021 - 09:22
          +8

          Fees are pretty low at 0.10%, what's your thinking on it being cheaper to invest elsewhere?

            • pdtmathieson on 01/07/2021 - 09:50
              +2

              @onlinepred: Not sure I am following you mate, I think what you are saying makes very little sense. Nothing wrong with trading in fractions of securities, if anything it's better because you are investing dollar amounts not some arbitrary number of shares.

              • onlinepred on 01/07/2021 - 10:07
                -2

                @pdtmathieson: You don’t own anything though, you don’t own fractions. Spaceship owns your fractions. If spaceship vanishes, you don’t have anything right?

                • pdtmathieson on 01/07/2021 - 10:13
                  +1

                  @onlinepred: Sure - that's why I wouldn't jump into bed with just anyone spruiking their returns. I put the minimum for a referral in and sat on it for a few months, looked at their investments and communication, and the transparency they provided. Being happy with all of that, and aware that active management of a portfolio to get a higher return than what they were offering is time consuming. As a result, I have been happy to go with this as an investment platform.

                  • onlinepred on 01/07/2021 - 10:26
                    -1

                    @pdtmathieson: Yes, I used a credit card that I got for points and I pay not fees on, and put a set amount in each fortnight, but I was careful not to give them a card that I actually use, as they keep track of every transaction made on that card and can use it how they like :-(

                • tajid on 01/07/2021 - 10:44
                  +2

                  @onlinepred: Not quite right. Your assets are held by the custodian not Spaceship.

                  • onlinepred on 01/07/2021 - 11:50

                    @tajid: On behalf of Spaceship though right? Nothing to do with you, as you can't actually own fractions in Australia right?

                    • tajid on 01/07/2021 - 11:58
                      +2

                      @onlinepred: My understanding of this is that they hold the assets and if something was to go wrong with Spaceship, they could sell the assets and repay the investors.

                    • tajid on 01/07/2021 - 11:59

                      @onlinepred: This is for Raiz but similar Custodian structure applies to Spaceship.

                      https://raizinvest.com.au/blog/what-is-a-custodian-and-what-…

                      • onlinepred on 01/07/2021 - 12:32

                        @tajid: Yea that's what I thought, what happens with the funds that are held that are not used to purchase. I.e., security cost $100. Current balance from investors is $50, so no securities are purchased right?

                        • tajid on 01/07/2021 - 12:57

                          @onlinepred: Sorry not following your question.

                          When assets are sold, all of the underlying securities should be all sold together so you should still get paid the market price of your holding even if it's a fraction.

                          They don't just sell your 0.1 fraction, they should sell everyone's.

                          • onlinepred on 01/07/2021 - 13:14

                            @tajid: They can only buy whole securities, although people have a fraction stake in that security. So, if a security cost $100, but given the percentage breakdown allocated to each security, they may not be able to buy a whole security right away, and they will need to wait until there is enough to buy a whole security.

                            Imagine if I laid trees for a community that's run off donations. Trees cost $1000. I cannot buy a tree until my donations reach $1000. 10 people donate $10 each. My total donations is $100. I cannot buy a $1000 tree with $100, therefore all the money will sit with me until I can buy the tree.

                            • tajid on 01/07/2021 - 13:55
                              +1

                              @onlinepred: I think you are thinking about it too much.

                              When you invest in Spaceship, you get a unit, backed by all the shares they have invested in.

                              When you buy the unit, they will also buy the shares.

                              So yes your portion may be like 0.99 but other investors also have portions. All of these aggregated will leave them with very small discrepancy in the number of not rounded shares.

                              • onlinepred on 01/07/2021 - 14:26

                                @tajid: How much is their unit though haha. Yea possibly, was just trying to figure out how it works.

                • Maz78 on 01/07/2021 - 11:42

                  @onlinepred: Dunno why you're getting downvoted..
                  Also, Spaceship (AFAIK) ISN'T Chess sponsored… Which I think is rather important..

    • cpho on 01/07/2021 - 09:25
      +8

      Why would you take it out? My spaceship is performing better than my etf (VAS) and super. Fees are the same as VAS but theres no brokerage for buying/selling

      • Caped Baldy on 01/07/2021 - 09:27
        +3

        Apart from the dip a few months ago where I was down, I'm up 15% now. It's good exposure to the overseas tech stocks.

        • pdtmathieson on 01/07/2021 - 09:31
          +1

          I've had the dips in there and I'm still up 47% for the year or something, which is a pretty phenominal return, admittedly in a really strong share market. The diversity is pretty good though, tech focused as you say but enough exposure elsewhere I reckon.

          • Caped Baldy on 01/07/2021 - 09:33

            @pdtmathieson: Damn 47% is good. I timed it poorly, I put a decent chunk in before the dip. If I waited a week and bought during the dip I might be around those numbers.

            • pdtmathieson on 01/07/2021 - 09:35

              @Caped Baldy: 48.04% is their quoted annual return on the Universe portfolio, I reckon I would actually go higher than that annualised. My thinking was that given the continuing good money environment for share investment, a dip is going to be a blip, so I threw more in on the first positive day after the dip. Simplistic, but better than trying to pick stocks and have to pay brokerage every time.

          • GirlFriday on 01/07/2021 - 09:58

            @pdtmathieson: Just curious - are you in the Universe investment stream or one of the others? thats a great return!

      • onlinepred on 01/07/2021 - 09:31
        -7

        Fees are the same until you reach over $5k. Then it’s far cheaper to buy elsewhere. Yea VAS didn’t do great. My etfs did quite well, better than the annualised 24% of spaceship. Like I said, it’s a great intro to understand the market. When I had spaceship it was barely doing 10% annualised. The market has gone up since rona generally in tech which spaceship is focused in.

        • cpho on 01/07/2021 - 09:40
          +6

          Fees are the same until you reach over $5k. Then it’s far cheaper to buy elsewhere.

          It's literally the opposite. There's no fees for your first $5k in spaceship. They only start charging 0.1% on balances over $5k. (ie $5/yr on 10k balance)
          Vanguard (for example) charges a % no matter how much you buy. Plus brokerage. So in terms of cost, unless you have a super low cost ETF like VTS, spaceship is cheaper.

          Congrats on your portfolio's performance, but your anecdotal snapshot can be misleading to others. Your selection of curated ETFs is different to a single fund which spaceship is. For many, this an easy set and forget, low cost way to a diversified portfolio which provides above market returns.

          (disclaimer. not a financial advisor. I have money in spaceship, etfs, and meme stonks)

          • pdtmathieson on 01/07/2021 - 09:47
            +1

            @cpho: Agree with this - the question is whether you think you will pick stocks or ETFs better than Spaceship will? I have a finance degree and can do all the stock research and COULD pick what I want to invest in, or I could use my time more wisely and put a bit of faith into some professionals who pick stocks well and charge relatively low fees. This will apply to the majority of the population I would think. It also makes the tax piece a lot easier than messing around with CGT on lots of different investments.

        • Aureus on 01/07/2021 - 09:42
          +1

          Fees are 0% until you reach $5k and then much lower then any growth tech ETF on the market.

          ASX:FANG charges 0.35%. Spaceship Universe is 0.10%

          • onlinepred on 01/07/2021 - 10:05
            -2

            @Aureus: You are not giving asx:fang unlimited access to all your bank transaction data though hey

            • Aureus on 01/07/2021 - 10:29
              +1

              @onlinepred: So? That isn't what is being discussed. You posted incorrect information about the fees and you were corrected.

          • Sweetnsour on 02/07/2021 - 04:52
            +2

            @Aureus: I don’t think that’s a direct comparison. Fang when bought and sold have visible buy/sell spreads, however spaceship do not have visible buy/sell spread prices till they tell you the next day.

            It’s similar to buying/selling foreign currencies with no commission, but we know the fee is hidden into the price. But either way, it’s negligible amount. We save more money on ozbargain website.

    • THX on 01/07/2021 - 09:27
      +8

      I'd rather pay 0.1% fee than pay CGT now

    • us3rnam3tak3n on 01/07/2021 - 09:32
      +11

      I really don't see the benefit of regularly pulling funds out. It's low cost, performing well and leaving it in won't trigger CGT. Am I missing something?

      • Caped Baldy on 01/07/2021 - 09:33
        +9

        Nope. Don't take advice from an online predator.

        • onlinepred on 01/07/2021 - 09:40
          -1

          Hahaha! Well I did happen to take a few $k out and put it on doge quite early….

      • Skinnerr on 01/07/2021 - 10:50
        +3

        If you leave it in for a year you only pay 50% of the capital gains tax.

    • Jazza2400 on 01/07/2021 - 09:52

      Yep as soon as you get $1k AUD put that into something that won't inflate like the $AUD. Good idea!!

  • pdtmathieson on 01/07/2021 - 09:32

    Can't believe I haven't had anyone use my referral code after more than a year on there. That said, I have over $1k in there now, so the extra $5/$10 wouldn't make much of a dent.

    • samyall on 01/07/2021 - 09:33
      +1

      I have had one person use my code in the year. Its been clicked a bunch of times, but only ever paid out once.

      • UncleTony on 01/07/2021 - 09:38
        +1

        Had nothing for a year then 3 in one week.

        • capslock janitor on 01/07/2021 - 14:29

          I wonder if there's a good Aussie handbook available to investment guiding what to do.

          (I heard MLC is a good co to use as one of the investment streams.)

    • ely on 03/07/2021 - 14:49

      It's pretty random, my wife and I have had eight-ish. You do have to keep updating them though, not sure it's worth the hassle.

    • fault on 12/07/2021 - 00:03

      Can't believe I haven't had anyone use my referral code after more than a year on there.

      Referral code expires after 14 days now so unless you do the Spaceship & OzBargain dance every 2 weeks to update it (who has time for that) you'll probably see nothing.

  • USER DC on 01/07/2021 - 09:40

    I signed up during $10 bonus period
    So far seems very good no loss at the moment at very least.

    But yes i am liking it, but hope they implement the buy and selling of shares at the time of buying/selling and not at 11 am next business day which is really annoying

    And additionally hate the fact investments into account don't enter at time when money is fully taken out of account instead have to wait till 11 am next business day again even on regular payments.

    Hopefully more people use referral codes

    • us3rnam3tak3n on 01/07/2021 - 10:00
      +2

      I wouldn't get too hung up on the day to day operations. The volatility can be fairly high so you're better taking a long term approach (though it is nice to check in and see those gains).

  • luvyrselfish on 01/07/2021 - 09:51
    -1

    I've always wanted to convince my little one to invest his pocket money in one of these micro-investing accounts. Nudge me when there's a $10 referral.

    • dust on 01/07/2021 - 10:52

      Can you make an account in Spaceship if you're under 18?

      • muncan on 01/07/2021 - 11:14

        Yep, minimum age is 16

        • pdtmathieson on 01/07/2021 - 11:18

          Yes, but you can easily create in your own name and deposit the money on their behalf.

          • clandestino on 09/08/2021 - 12:22

            @pdtmathieson: How do you do that, for tax purposes?

            • pdtmathieson on 09/08/2021 - 13:13

              @clandestino: It would be under your tax, but it's only taxable when you withdraw… Not ideal but can't see many other options. Anything else would be too easy for people to store wealth under dependents names!

  • Pollywaffle on 01/07/2021 - 09:54
    +21

    For reference for anyone interested, I put in $2k in October last year. It’s now $2.5k.

    I’m basically an investing genius.

    • pdtmathieson on 01/07/2021 - 10:03

      It certainly feels like that with all the cheap lending around making the share markets go nuts. The real test will come after the election if Labor gets in, might spook investors with corporations not able to so effectively pull the political strings. And then we will be in the territory of interest rates going up, which will further damage the market. I'm hoping to pull out by then and have all of my worldly wealth tied up in a house.

      • ImpulseMan on 01/07/2021 - 11:41

        LOL My grandmother has a better chance to grow balls then Labour winning at the next election.

        Your right, cheap money is making the world go round at the moment.

        There is a correct coming, as there always is, its always coming. Only short term traders should be worried, long termers should be building a cash reserve to pounce.

        My guess would be similar in terms of rates creeping, due to inflationary concerns, then you will also see a housing issue with the amount of debt we are taking on. ​

        How big will this 'housing crisis' be, i leave it to much smarter people to guesstimate, but it will slow down and pause for a moment or two. The stupid media will drum it up like it is the end of the world when in reality it is a temporary dip as always.

        Stimulus will also be drying up by then, so that would be another handbrake on asset prices.

        • pdtmathieson on 01/07/2021 - 11:50
          -2

          I don't think that there will be a housing crash allowed, even though it's bonkers right now. The Libs will protect their quiet Australians with whatever support into the market they can, and I think Labor would do the same so they don't get the blowback immediately after getting into office (which is about when it looks like it will kick off).

        • onlinepred on 01/07/2021 - 11:52

          Yea too many Facebook/business people out there voting Liberal. Sucks.

    • firestint on 01/07/2021 - 10:18
      +2

      Not too bad - for reference overall ASX increased by 25% too in this financial year

    • fattymattyd on 01/07/2021 - 11:54

      Stonks

    • rokufan on 03/07/2021 - 23:31

      You certainly look like a genius.

  • [Deactivated] on 01/07/2021 - 10:14

    Completely Brand newbie !!

    I was currently use SuperHero for trading stocks and they charges $5 for trade. I might jump over this SpaceShip and they are free for under $5k (I am trading only $1k to learn the lesson.) Any reviews?

    • brnaodn on 01/07/2021 - 10:44
      +5

      spaceship's not really a trading platform, they have 3 (I think 3) funds which you can buy into - so you don't get to choose what you are investing in, they manage the money for you

      • [Deactivated] on 01/07/2021 - 11:05

        Thank you.

  • jsediv on 01/07/2021 - 10:19
    +1

    I setup auto deposit for the day after my pay goes in and I don't even notice the money being invested.
    Made a $60 gain since Jan. Not bad for something I don't even notice.

  • mackdonaldzzz on 01/07/2021 - 10:21

    I like Spaceship a lot. Only issue is that its not chess sponsored. Anyone know if this will change?

    • Aureus on 01/07/2021 - 10:32
      +1

      Nope. It's a managed fund. They would need to make an ETF for it to be chess sponsored.

    • Kontiki on 01/07/2021 - 15:07

      Nope. As Areus mentioned, they are a managed fund, and they are not listed on the ASX. If you want low-cost CHESS-sponsored funds, have a look at CommSec Pocket.

      • ely on 03/07/2021 - 14:52

        Superhero is a better option, no fees to buy ETFs, $5 to buy non-ETFs, $5 to sell anything.

        • fault on 12/07/2021 - 00:11

          Superhero is not CHESS sponsored though which matters to some most people.

          • ely on 12/07/2021 - 19:30

            @fault: Does seem to matter to some, IDK about most; not a concern for me.

  • MeatTornado on 01/07/2021 - 10:26

    Possibly dumb question but the site isn't super clear. Can you use this to invest in individual stocks or is it just to invest in their portfolios like "Spaceship Universe Portfolio"?
    Also if you can do individual stocks, can you buy US stocks on there?

    • Aureus on 01/07/2021 - 10:31
      +7

      It is a managed fund. No individual stock picks of anything like that.

      • MeatTornado on 01/07/2021 - 11:05
        +1

        OK thanks. I would prefer somewhere where I can choose the companies individually. But I'm a total newb, so this might be a better place to start.

        • pdtmathieson on 01/07/2021 - 11:16
          +6

          Important to consider that you would be hard pressed to pick stocks better than professionals. You might get a better result on face value to begin with, but you might not realise the risk or the variability until you hit the long term.

          Even if you get into it and start to understand the underlying assets, it takes a lot of time to stay on top of things. As per another comment from me above, I could probably have a crack at picking stocks, but I don't think I want to invest the time.

          • snep on 01/07/2021 - 12:57
            +2

            @pdtmathieson:

            Important to consider that you would be hard pressed to pick stocks better than professionals

            Probably true, although it's also worth pointing out the majority of professional investors managing active funds don't even outperform the market.

            Stock-picking is fun, but chucking a few grand each into ASX200 and international ETFs is a better bet. Putting the majority of your funds in the latter and picking one or two individual stocks you like the look of could be a good way to split the middle.

            • pdtmathieson on 01/07/2021 - 13:05

              @snep: Yep my point exactly - these guys are investing in a broad portfolio which I am saying is pretty much synonymous with "the market". They're not investing in everything, as it's geared towards certain areas, but there is enough stocks in there across industries to roughly reflect the market, without quite just chucking into ETFs.

        • samyall on 01/07/2021 - 11:47
          +1

          This is a good place to start. It is a very cheap way to see what it "feels" like to invest money.

          Day trading is a whole other beast with fees for each investment (at least $10) and a lot more exposure to risk.

    • pdtmathieson on 01/07/2021 - 10:37

      You can see what each portfolio invests in on their website

      https://www.spaceship.com.au/voyager/universe/

    • Sweetnsour on 01/07/2021 - 10:38
      +1

      There are a few fund options. Universe (growth), Origin (value), Earth (Ethical/Environmental)

  • czechboi on 01/07/2021 - 10:44

    I signed up a week ago and now I am trying to enter my friends code. Is this just entered in the "Enter Referral Code" section as it is talking about $10. A little confused here

  • yht on 01/07/2021 - 11:03
    +2

    What happen if Spaceship gone bust ? Will our money safe ?

    • nzcoops on 01/07/2021 - 11:23

      You want 50% returns PA and no risk? Are you a bailed out wall street banker?
      Kidding.
      I think the answer to your question is another question, define 'safe'?

    • cpho on 01/07/2021 - 11:43
      +6

      Spaceship is regulated by ASIC and has a AFS license. Institutions and regulations are fairly strong in Australia. I think you're okay to have a little faith in them.

    • onlinepred on 01/07/2021 - 11:54
      -1

      It's hard hey, as you don't own any of the securities.

  • JSONBourne on 01/07/2021 - 11:20
    +1

    Do we really need to post this at the start of every new month? This isn't even a deal, the referral bonus was reduced this month.

    We don't need to keep posting a referral program at the start of every month, even if we like the product.

    • Charlie Dont Surf on 01/07/2021 - 15:19

      I'm invested with this firm, and I agree. And it's even less of a bargain if the referral bonus is actually reduced!

      The threads are largely about trying to score a referral bonus.

      • JSONBourne on 01/07/2021 - 15:28

        Exactly, not a bargain at all. Otherwise every ongoing referral bonus is a 'deal'

  • Matt88 on 01/07/2021 - 12:07
    +2

    Signed up in Feb 2021 and the investment dropped by up to 12% at one stage. In the past week it has finally hit the black and I am up 2.5%

    • No ONE on 01/07/2021 - 22:31

      It was fuc*king Barry.

  • GallBall2606 on 01/07/2021 - 12:30

    Spaceship has been great for me. I started a while back in May 2019 for fun, and have been chipping away small amounts. Started with $10/week, and increased it incrementally after it gave me some confidence and I am currently putting in $50/week.

    It's been doing very well, currently up 30% which I find pretty good for an ETF style product. Bear in mind that there are no fees below $5000, but there is a fee of 0.05% a year ($2.5 for a $10,000 portfolio).

    • dust on 01/07/2021 - 13:40

      Something something time in the market.

      • GallBall2606 on 01/07/2021 - 13:45

        yeah definitely, I don't treat this like stocks. It's just a long term investment that slowly but surely comes up.

  • yht on 01/07/2021 - 12:41

    Are you guys investing in all three products ? Is $5000 threshold per product or total in one account ?

    • samyall on 01/07/2021 - 13:19

      I think that you can only pick one currently but they have plans to allow you to invest in multiple in the future. No idea how the threshold will work in that case though.

    • tajid on 01/07/2021 - 14:37

      Threshold is per account. You have to create a new account to invest in another portfolio.

  • mango73 on 01/07/2021 - 15:07

    I've been in spaceship for a little over a month and the performance has been great for me.

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