Established in 2018 to make trading easy for everyone, Spaceship Voyager has racked up over 200,000 users. The platform has made great strides within the stock trading community, especially among beginners.
This article will find out if Spaceship Voyager is the ultimate investment platform and if it lives up to its hype.
Spaceship Voyager Charges
The platform recently revised its fees to $2.50 per month for portfolios over $100.
The major problem with Spaceship Voyager is that if you aren’t trading, you’ll still be charged an inactivity fee, and your annual charges would amount to $30.
The platform makes money when portfolio balances are over $5000, and charges on the portfolios kick in.
Spaceship Voyager Portfolio Options
With this platform, there are three different portfolios one can invest in:
- Spaceship Universe
- Spaceship Earth
- Spaceship Origin
The site allows users to own more than one portfolio. To set this up, click on the “More” icon on the bottom right of the app and choose “Add a New Portfolio”.
You can then select the portfolio you want to set up and follow the same steps you did initially.
Users must go through each portfolio’s product disclosure statements before investing. Let’s go over each of the listed options in detail.
Spaceship Origin Portfolio
This portfolio allows users to invest in the world’s largest firms, such as Alphabet (Google), Amazon, Johnson & Johnson, and Apple.
This portfolio uses a rule-based type of investing, where they hold 0–10% in cash, 15–15% in firms listed on the Australian Stock Exchange, and 70–80% in organisations listed on international stock exchanges.
Spaceship Universe Portfolio
This portfolio allows users to invest in firms under Spaceship’s “Where the World is Going” (WWG) methodology.
In other words, users invest in firms that they believe are world-changing or innovative.
Such companies include Amazon, Tesla, Spotify, Apple, and Square.
The Spaceship Universe Portfolio has a 70–80% structure invested in organisations listed on international stock exchanges, 15–25% in firms listed on the Australian Stock Exchange and 0–10% in cash.
Spaceship Earth Portfolio
Out of the three portfolio options, Spaceship Earth is the newest.
This portfolio lets users invest in businesses that meet the WWG criteria and one or more of the UN’s SDG (Sustainable Development Goals), i.e. clean and affordable energy. Such companies include First Solar, Shopify, Nvidia, and Starbucks.
This means that users don’t invest in fossil fuel firms or organisations that harm the environment.
This portfolio employs an asset allotment criteria of 0–15% cash and 85–100% invested in firms listed on the International and Australian stock exchanges.
User Experience on Spaceship Voyager
Everything on the platform is tailored to new users. To start, users have to choose the portfolio they’d like to invest in.
You’ll be walked through the entire process and link to your bank account. Then, you have the choice of setting up an investment plan.
Users can select whether they’d like to invest monthly, fortnightly, or weekly.
Withdrawing Money from Spaceship Voyager
The site lets users withdraw cash from their accounts at no cost. The withdrawal is typically processed within five business days.
If you wish to withdraw funds from the platform, click on the “More” icon on the bottom right of the screen and select “Account”. You can click on “Withdraw Funds” and enter the amount you want to withdraw.
Withdrawing cash involves “redeeming units” for the amount one has requested to withdraw. This is calculated by:
Withdrawal amount $/$ Unit price (on the business day the withdrawal request is processed).
The time the platform receives your withdrawal request determines the unit price.
If you request before 5:00 p.m. on a business day, the unit price is computed at the close of the markets on that day. If it’s past 5:00 p.m., the unit price will be calculated at the close of the markets on the subsequent business day.
The platform allows free withdrawals; users can take out cash as frequently as possible.
Spaceship Voyager’s Customer Support
According to their platform, they have a hotline that is usually active from Monday to Friday between 8:30 a.m. and 5:30 p.m. and a live chatbot and an email support system.
Spaceship Voyager’s Safety
The platform is regulated by the Australian Securities and Investment Commission (ASIC) and functions under its own Australian Financial Services License (AFSL 501605).
CHESS doesn’t sponsor Spaceship Voyager, meaning the shares you own in your portfolio won’t be listed under your Holder Identification Number (HIN).
The application enables users to set up biometrics security, which prevents others from guessing their PIN. The platform has also set up SSL and 256-bit encryption.
However, the app doesn’t have two-factor authentication, thus increasing the chances of security breaches.
What Happens if the Platform Goes Under?
When you invest in one of the site’s portfolios, the money isn’t held by the platform itself but by an independent overseer called Interactive Brokers (IBKR), who plays the role ofí a bank.
IBKR is one of the largest and oldest brokerage sites in the world. Therefore, if Spaceship Voyager goes bust, the full value of your balance at that time will be returned to you.
There’s always a certain level of risk with stock trading owing to market volatility. Due to uncertainty and short-term volatility, the portfolio options are all labelled high-risk funds.
Nevertheless, the platform recommends a seven-year minimum holding period to make the most of your investment. Thus, this isn’t the best short-term investment approach.
Users should also consider currency risk. Foreign exchange fluctuations will affect your portfolio’s worth as at least 70% of the stock in every portfolio lies in international markets. This is only concerning when you require fast access to your cash.
Comparison with Other Micro-Investing Platforms
|Spaceship Voyager||Raiz||CommSec Pocket||Stockspot|
|Fees||$2.50/month for portfolio balance over $100.||Standard Portfolio costs $3.50/mo. or 0.275%/yr.
Custom Portfolio costs
$4.50/mo. or 0.275%/yr.
Sapphire Portfolio costs $3.50/mo. or 0.275%/yr.
|Trades up to $1000 incur a $2 fee, whilst trades above $1000 are charged 0.2%.||This site’s fees are categorised into five different classes.|
|Investing Options||Three portfolio options.||Seven portfolio options.||Seven ETF options.||Five portfolio options.|
|Minimum Trade||Nil.||A $5 minimum lump sum.||A $50 minimum investment or a whole share within an EFT.||$2000 minimum.|
|Accounting Methods||Direct transfer.||Direct transfer.||Direct transfer via Commonwealth account.||Direct transfer via Stock stop account.|
|Platforms||App or website.||App only.||App only.||App or website.|