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2.20%

44.5¢ raiz invest limited

From their website. Is their website wrong?That is very...

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Christos12

1,520 Posts.

112

22/01/19

13:04

Post #: 37186457
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Originally posted by skelto101: ↑

Where are you getting the $1.25 +0.275%/month? It's $1.25/month for balances below $5k. Above $5k it is 0.275% per annum.

Yes if you have small account it is expensive - but its cheaper than going direct with the same balance. They aren't a charity - they have costs to cover. Its not Raiz's fault for a consumer having a small balance - its up to the consumer to do something about it.

Please read the PDS before you start slamming a product for being expensive.

They purchase ETFs, which would normally incur brokerage if you did this directly, and allocate your account the appropriate exposure - Those ETFs are quite cheap and obviously have their own MER - which is more than acceptable as ETFs are the cheapest products out there.

I'm all for slamming a bad product when it's bad, but please do some proper research before you start making far from correct assertions.

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From their website. Is their website wrong?

That is very expensive. This is a bad product and should be slammed. The only parties who benefit from it are Raiz and the ETF manager.

RZI Price at posting: 50.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 44.5¢		Change -0.010(2.20%)		Mkt cap ! $44.68M

Open	High	Low	Value	Volume
44.0¢	45.0¢	42.5¢	$9.441K	21.67K

Buyers (Bids)

No.	Vol.	Price($)
2	73129	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	49999	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.425
1	37298	0.420
1	43352	0.415
1	12500	0.405
1	249164	0.400

Price($)	Vol.	No.
0.445	11245	2
0.450	7090	1
0.460	3000	1
0.475	5000	1
0.500	273	1

Last trade - 16.10pm 29/11/2024 (20 minute delay)

RZI (ASX) Chart