Micro-Investing and it's impact

Micro-Investing - What is it, how does it work and what type of habit is it creating for today and future investors. Our topic for today relates more to the younger generation of investors. It is the rise of Micro-Investing. Micro-Investing platforms like Raiz, Spaceship, etc. are all the rage at the moment. If you pay for a cup of coffee for 4.75$, micro-investing platforms would let you round that up to 5$ and the .25$ would be contributed to your investment account. That is what micro-investing is. It doesn't sound a big deal but it is really massive. It is a painless way of saving. Just think about how many times you buy food, get a bus ticket and go to the movies in a week, rounding up to the nearest dollar each time, pulling all those funds together, and getting it invested for a year or 5 years can actually be quite a bit. Micro-Investing is a really great business model. Getting people to save when they're not used to saving or doesn't have the habit of saving is very difficult. And what micro-investing has done is put saving on auto-pilot. Watch the full podcast to know more. Subscribe to our Channel: https://www.youtube.com/channel/UCfmaldKMEUc5qXeIQ7zEBeA?sub_confirmation=1 FREE Online Training with Andrew Baxter: https://bit.ly/cod-online Subscribe to Money and Investing Podcast: http://www.moneyandinvesting.com.au/ Australian Investment Education website: https://australianinvestmenteducation.com.au/ Connect with us on Facebook: https://www.facebook.com/australianinvestmenteducation #MicroInvesting #Investing101 #Stocks