The Rise of Micro Investing | Andrew Baxter | |
What is Micro Investing? The means in which micro investing works is really quite clever. For the most part, micro investing platforms like Raiz or Spaceships for example. They use what we call the ‘round up’ tool to pool funds for an investment. Host Andrew Baxter uses the example – when you go to buy a coffee for $3.75. The platform will round up your purchase to $4 and take the 25c difference to be put into your investment account. This works when buying groceries, going out for dinner or drinks, or even online shopping – whatever the difference is to the nearest dollar on every transaction is what gets invested simultaneously into an Exchange Traded Fund (ETF) on your behalf. As a user, all you have to do is spend and the rest is done for you. Or, on the other hand, you can set up an automatic debit into your micro investing account or commit funds. At any point as a self-contribution. The best model of the 21st century? We think so too. #AndrewBaxterReview #AndrewBaxter | |
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| Target State: All States Target City : Sydney Last Update : Dec 11, 2023 12:43 AM Number of Views: 96 | Item Owner : Andrew Baxter Contact Email: Contact Phone: +61 7 55 854 285 |
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