Finance & Fury Podcast

Welcome to Say What Wednesdays – Where we answer your personal finance questions each week. Two questions this week from Chris: No 1 what are your thoughts on investing through a platform such as acorns? In your opinion do you see it as reliable and a worthwhile investment option? Furthermore, with such platforms would you say that there is a degree of double fees being taken out (platform fees and ETF fees for underlying investments e.g. ASX ETF's) which erode earnings? No 2 What is the best way for people on a low income (around $25,000 p.a.), such as students and job seekers to start building a growth portfolio? Platforms What are they? – Ways to hold all of your investments in one place Types – three types Raiz (Acorns) – Investment application (app) Allows for micro investing – automatic investments Limited choice of options – Growth Option, etc Investment Platforms are a bit different Allows for accessing managed funds, shares at wholesale level Range of choices of funds Broking platforms Dire