If you haven’t heard of Spaceship Voyager (I’m sure you have, that’s why you’re here) it is a high interest earning savings account. I refer to it as a savings account because it acts the same way as one: you can deposit and withdraw anytime free of charge, you earn high interest on your deposit, there’s no set up fees and you can see your balance anytime.
The only difference is your savings (much like your super) are invested in shares on a portfolio of reliable companies around the world, rather than petty bank interest (what are they paying these days, 1.00%?).
Performance – August 2020.
OK, lets get to what you’re really here for. Please note this is based on the Universe Portfolio. Make sure you select this one, it earns better returns than the Origin Portfolio.
The Spaceship Voyager Universe Portfolio has returned an incredible 45.49% for the year, as of writing this.
In the above image you can see the progress since April 2018. You can also see the steep decline when COVID-19 hit. But it’s already quickly recovered.
Their website displays the average return p.a since starting, as above 29.44% p.a.
Below is an in depth look at the past 6 months, which displays when COVID-19 at it’s peak affected the economy.
The above picture is my journey so far with Spaceship. I have earned a total of $1,736.63. I started with a $10,000 deposit back in December 2019. Believe it or not, I was up to $11,590 (+$1,590 in just 2 months) before COVID hit. I ended up withdrawing my total balance at the time to help pay for my new car: $10,387 (+$387). As you can see by my transaction history below:
I jumped back on board in May with $5,000 and have been adding since then, as you can tell in the purple graph above.
I couldn’t be happier so far. Essentially I’ve earned over $1,700 in 5 months, on a balance that’s never been over $12,000.
To put that in perspective, it would take you over 8 years to earn that amount on a balance of $12,000 in one of the highest interest savings account at the moment: 1.65% p.a (MyState Bank, BOQ, ING). LOL why even bother? Bank savings rates are dead.
Too good to be true?
If it sounds to good to be true, then it probably is right? Yeah yeah, we’ve all heard that one before, but the above really is an honest and legitimate review. The only catches you really need to know about are:
- Capital gains tax
You’ll be obligated to tax, same as earning interest with banks, BUT ONLY if you make a withdrawal within the financial year. You just supply your tax file number.
There are fees, but they are extremely low:
First $5,000 = no fees.
Above $5,000 = 0.10% p.a on your balance
Example: if you had a balance of $20,000, you’d only pay $15 per year.
Like any stock and share investments, your balance can go up and down, but will be projected to profit in the long run, just like your super. Remember, you can withdraw at any time with no fees.
Ready to board the ship with me?
Seriously, bank savings rates are dead, stop wasting your moneys potential by earning a lousy 1% on your savings, and come aboard this journey with me.
It only takes 3 minutes to sign up, you just supply your details and nominate your bank account you want to draw from.
You can do a one off investment, or create a plan to deposit funds weekly, monthly etc.