How Sharesies is making investment portfolios for everyone, not just the rich

One of the common kind of bleats from this podcast is that as a country we invest too much in unproductive assets like houses and interest payments, and not enough into companies. One of the reasons we are like this is that it actually isn’t that easy to invest in other stuff. In order to get into something like shares there are risks, and also you need to get a diverse range of investments to spread your risk. There are managed funds, full of fees and large sums needed to invest, there is share trading through a bank, but with 30 bucks each brokerage you need to be doing more than about 2000 at a time or else the fees are more than a 6% return. It actually just isn’t the easy. Enter Sharesies! A cool new idea that makes it easy to invest -simply set your industry preference, risk appetite and get started with as little as 50 bucks a go. It aims to increase financial literacy and get more people into good investment practice, and its promise, that I love, is that you don’t need to be rich to have a share portfolio anymore. Co-founder and CEO Brooke Anderson joins me to chat all things Sharesies. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices