Note that referral codes need to be added to your account after you sign up (within 14 days of sign up). Use the referral randomiser to get a code. You MUST invest a minimum of $5 to receive the referral.
NOTE: Account keeping fee applies since November 1st — $2.50 per month for any balance over $100.
Useful review of Spaceship here vs. other microinvesting platforms.
Past performance is not indicative of future performance.
Terms and conditions for November
Terms and conditions for December
$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.)
0.67% p.a
Edit: I'm still with Spaceship. An annual fee of ~0.6% is comparable with what you're facing with a tech-heavy ETF such as ASIA, and this fund is better than that IMO.
If you buy ASIA right now though, you'll make your money back most likely faster after another 6-12 months.
Can also take into account Spaceship's fee is direct - potentially tax deductible.
ETF fees are indirect (tax already accounted for) so are not.
https://www.ozbargain.com.au/comment/11132427/redir
Get financial advice from an accountant, not the internet, etc.
That's quite expensive actually.
0.67% management fee isn't the greatest.
(Disclaimer: I am still with Spaceship Voyager).
As someone dipping thier toes in this investment space, should I keep going with this? I've only got about $600 invested atm, only putting in about $25 a week though.
I have looked around and there doesn't seem any better options.
With $600 isn't not worth it due to the fees.
Not sure if any other microinvesting app is fee free for people with small amounts. Maybe try buying ETFs for free using SelfWealth? Otherwise suggest buying stablecoins like USDC and keep it on Celsius for 8-9% per annum.
Spaceship doesn't charge brokerage, it charges a management fee, which ETFs do as well.
e.g. NDQ which is somewhat similar to Universe has a management fee of 0.48%. Any ETF will have a management fee.
Sharesies could work for you, they only charge per transaction rather than a monthly fee.
Can't seem to find where to put the referral code after signing up.
You do it during the sign up process as far as I know, if you didnt enter it you probably missed out.
Just cancelled and deleted my account at something like 2% loss,
Done with this platform no longer useful, Cannot even set limit orders, or trade more than once a day.
Using stake/superhero is going to be best
This isn’t a very good platform for people that want features. This is more of a set and forget type deal for beginners. I suggest you just moving to a normal broker if you want limit orders. This doesn’t even allow sale per unit. Only withdraw based on FIAT requested.
Wasn't the referral $10 before? I got $10 when I signed up a couple of weeks ago.
its normally $5
I thought the mgmt fee was for over 1k?!
Have added my code.
2.50 per month for a balance of $4500 is .06% pa which is still very competitive for diverse exposure like this. Only problem is if your balance is a lot smaller you would want to build it up quickly otherwise that’s a large percentage of fees.