I’ve recently signed up for Spaceship’s Voyager investing application and so far I’m refreshingly surprised by how good a deal it is. Signing up was quick, but I did have some trouble logging in and changing my password :-(. And why do i have to use my mobile to create an account? Can’t I sign up by using my laptop and use it’s nice keyboard to enter my details?
Overall Voyager seems like a really accessible way for anyone to get started investing with even small amounts.
Here are some of the things I like:
- Zero fees: under $5000 balance
- Low fees: 0.05% annual fee for index fund option or 0.10% annual fee for managed fund
- Zero transaction costs:
- No minimum balance
- No brokerage fees!
- No Buy-sell spreads
- No entry or exit fees
- Well diversified outside of Australia
- Overseas 70-80%
- Australia 15-25%
- Cash 0-10%
This article does a great job of comparing Voyager with other robo investment options in Australia:
It’s just a shame that Spaceship’s Super fund options don’t also offer these low fees 🙁