FREE $5 joining bonus from Spaceship Voyager
Get $5 in your account when you enter the code within 14 days of signing up and invest at least $5 in your chosen portfolio within 90 days of signing up. T&Cs apply. Spaceship Voyager issued by Spaceship Capital Ltd AFSL 501605.Consider the PDS on our website before making a decision to invest with Spaceship Voyager. http://spaceshipinvest.com.au/refer.
* NO trading Fees on your first $5,000 total portfolio
Promo code is valid until Aug 31, 2021.
Promo code is valid until Aug 31, 2021.
How do I start?
1.Sign up / create an account :
Web: http://spaceshipinvest.com.au/refer
Android: https://play.google.com/store/apps/details?id=au.com.spaceship.app.production&hl=en_AU&gl=US
Android: https://play.google.com/store/apps/details?id=au.com.spaceship.app.production&hl=en_AU&gl=US
2. Login to Spaceship after creating an account and input the referrl code.
Where to add code AFTER sign-up:
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In mobile app:
Go to Account -> Referrals -> Enter Referral Code
On Website:
Go to Account (bottom left) -> Referrals -> Click on "Click Here"
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In mobile app:
Go to Account -> Referrals -> Enter Referral Code
On Website:
Go to Account (bottom left) -> Referrals -> Click on "Click Here"
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Advice on using SpaceShip Voyager:
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- Dont forget to declare your TFN after you create your account.
- Spaceship is a managed fund. Managed funds is also known as Mutual Funds.
- Spaceship has several portfolio to choose from: Universe, Origin, Earth.
I choose "Universe" since its theme is "where the world is going" which is mostly technology stock related.
like : Spotify, Microsoft, Square, Apple, and Tesla.
- Treat Spaceship investment like your SUPER. The fund is managed for you and you don't need to look at your investment everyday. Checking on a monthly or quarterly / semi should be fine like how you check the performance of your SUPER.
- You may set investment type/frequency if you want to do manual or on a regular top up.
I started with a weekly top up of $5, once you gain confidence and familiarity with the platform is when I started increasing my top up and I changed it depending on my available cash. You can stop, do manual and auto top up.
- Deposit takes few days to hit your account (1 to 3 days). Withdrawal also take almost the same numbe rof days.
- Manage (increase/decrease/pause) your top up amount depending on your capacity and outlook of the market. You can also buy and sell WITHOUT Trading fees as much as you like (active investing since you have control when to buy/sell and the amount you want to invest).
- This is not intended for active trading
- Spaceship is for long term investment just like your SUPER.
- You can withdraw your mooney/investment when you want unlike SUPER you normally wait until your retirement age before you can take out or use your investment.
- You can manage your portfolio from mobile app / web.
- Spaceship may or may not provide "distribution" (distribution is like dividend). So far it provides distribution for the past 2 fiscal year every end of July.
- Review their portfolio if it still aligns with your investing strategy from time to time. They have several portfolio to choose from.
- You can also use the list of stocks they own in their portfolio as a guide if you plan to buy your own individual stock.
- File tax end of July when Spaceship provides the statements for distributions(dividend) and record to ATO so it will be auto prefill MyTax (trades still need to declare separately if you made a trade that resulted a loss or gain)
- If the market drops significantly, its time to add more or do a manual top up (my plan)
- If the market drops significantly, its time to add more or do a manual top up (my plan)
- It is an investment, all investment has RISK.
- Spaceship has NO FEE if below 5k. You can trade (buy/sell) as much as you want without paying trading fees. You only get charge FEES once you go over 5k of your portfolio.
for Spaceship Universe portfolio, they charge 0.1% per annum on portfolio over 5k. Example if you have total portfolio of 12k, you only get charge $7.00 annually (0.1% on the $7k). for Spaceship Origin, they only charge 0.05% per annum.
Others like Raiz charge you $2.50 per month ($30 per year) and Pocket charge you $2 "per trade". If you buy morethan 5x a year using Pocket will cost you $10 already.
- Withdrawal fee cost $5 if you want it back to your linked bank account.
- What is I want to close my account? With Spaceship Voyager, there is no withdrawal fee, sell spread or exit fee
How I personally use Spaceship?
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I research on Spaceship Voyager from forums, their website, FAQ, read feedbacks and also look at their portfolio performance and what stocks are included in their portfolio. I do due diligence before I start investing in Spaceship.
1. I open Universe portfolio since I like the themed (global exposure) and also I prefer higher risk than the Origin portfolio which only tracks the ASX index.
2. I started with $5 investment to open the account and I get FREE $5 upon using a referral code.
It is like 100% gain by investing $5, I get $5 free which is automatically invested in my Universe portfolio.
3. I make sure I provide my TFN check my details
4. Set weekly top up. I started with $5 and I increase my weekly top up once I gain confidence, familiarity with the platform and see its potential to grow.
5. Monitor the performance atleast on a monthly basis as a chance to modify my weekly top up if needed.
since the app is installed on my phone and easy to access, I was able to checked it more frequently.
I review/ look at my investment on a regular period like SUPER and others.
6. Use the referral code if someone is interested in joining as it also help the new investor in Spaceship to get their FREE $5 joining bonus.
7. Review their individual stock in their Universe portfolio to give me idea about the company that is not in my radar as I also buy individual socks. I place it in my other platform (broker) watch list.
8. Created an account for my wife since she is not into stocks, no time to study about stocks. A perfect candidate to use Spaceship Voyager. SEt up almost the same as what I did but her weekly contribution depends on what she is comfortable to invest.
I wish I could create more separate account for my kids. Instead of putting their savings in the bank. I rather put those money on their Spaceship account while they are young and eventually let them manage their own account once they reach legal age. Looking forward to Spaceship plan to allow creating multiple account in the future.
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How fees are calculated and deducated daily from your portfolio (if your portfolio is over 5k)
How fees are calculated and deducated daily from your portfolio (if your portfolio is over 5k)
Spaceship does not charge any fees on the first $5,000 invested with Spaceship Voyager.
The management fee is calculated on your balance (of more than $5,000) and charged daily.
What this means is you’re effectively exchanging units, on a daily basis, to cover part of the yearly management fee charged on your balance over $5,000.
To give you an example, let’s say that on a particular day, you have a unit balance of 10,200 and the unit price is 1.40.
On this day your total investment balance is $14,280 (= 10,200 * 1.40)
Now, the fee is calculated then the following way:
Fee = (AUD balance - 5000 portfolio) * fee rate * time since last strike
Or (14,280 - 5,000) * 0.001 * 1/365 = 0.02542465753 AUD per day
You then divide this AUD fee amount by the unit price to get the number of units you’re exchanging to cover the management fee.
This is calculated the following way:
= AUD fee / unit price
= 0.02542465753 / 1.40
= 0.018160 (rounded up to 6dp)
So, you’re effectively exchanging 0.018160 units to cover the fees part of the yearly management fee.
And, this happens every business day and at the same time the unit price is struck.
In SHORT: (0.1% over 5k of your portfolio)
$9,280 are subject for fees out of $14,280 total portfolio
$9,280 * 0.10% = $9.28 annual fees or ($9.28/365 days = 0.025424)
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Remittance
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https://bit.ly/3bRE7Ne (Use link for NO FEE upto $500 AUD on your first remittance)
- I use this for remittance and you can use transferWise to transfer direct USD to USD for funding other brokers or transferring to a US bank account.
- I use this for remittance and you can use transferWise to transfer direct USD to USD for funding other brokers or transferring to a US bank account.
High interest savings account:
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FREE $5 joining bonus from Spaceship Voyager
Reviewed by
on
10:52
Rating:
Reviewed by
on
10:52
Rating:
