During the past six months I’ve transferred our life savings out of a high interest savings account, and into an investment account managed by Clover, the startup I work for.
Exchange Traded Funds are a type of investment that’s popular due to their diversification, low fees and flexibility. In Australia, there’s more than 20 billion dollars invested via ETFs.
An ETF is essentially an investment fund that owns a large amount of individual shares, bonds, real estate or commodities, and then are sold in small parcels.
One reason we started Clover is to help people invest better, and to start sooner. Investing doesn’t have to be overwhelming, convoluted or filled with jargon, and we aim to remove as much of the anxiety and complexity as possible.
At the young age of 25, Zhoe is adulting harder than most.
She works as a marketing manager (a job she loves), has clear life goals and her finances sorted. Like, really sorted. Zhoe saves 20% of her take-home pay, which is more than double what most Aussies save.
Zhoe started investing with Clover four months ago, and hasn’t missed a monthly deposit. We wanted to know the secret behind her approach to money.
Have you ever heard the term “diversification”? It’s one of those investment terms that appears everywhere, yet it’s often not explained clearly.
Diversification is the process of spreading your investments. This helps you avoid unnecessary risks, and reduces your losses on any one investment.
For as long as investing has existed in its modern form, there’s been an ongoing debate about what is the best investment philosophy. While there’s passionate opinions on each side of the fence, we think the obvious way to decide is to look at the data. Thankfully, there are studies that have looked at the results of more than 2,000 funds and compared these to historical outcomes. In this post, we’ll look at the evidence of both Active and Index-Based Investing, and share why we’re confident in our approach.
At Clover, our mission is to make smart investing more personalised and more affordable. That means we’re constantly looking at ways to make Clover more customised and relevant to the things you care about, while staying true to evidence-based investing.
Since launching Clover in 2016, one of the most requested features (and a feature we’re proud to work on!) is an ethical investment option.
Today, we’re pleased to announce that you can now include Socially Responsible Investments in your Clover portfolio. You can be proud that your investments will put future you — and the world — in a better place.
Remember the first time you received interest from your savings account? Whether it’s $100 or just 10 cents, it’s a magical feeling seeing “free” money appear in your account. But feelings can be deceptive, and if you think you’re earning significant money from a high interest savings account, you should look closer.
Another year is drawing to a close. You’ve met some insane project deadlines, juggled a hectic working life with an equally hectic social life, and maybe burned the candle at both ends.
With the holidays close by, hopefully you’re finding ways to slow down. What better way to relax than with a great read, preferably under dappled sunlight. In today’s non-stop, round-the-clock existence, reading for pleasure is an indulgence.