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I don’t know anything about Raiz or spaceship.But $3.50 a month is only $42 per year, where as you will be contributing $1,040 per year ($20/week), so no your investment won’t be eaten up by fees.At first the annual fees, will be about 8% of your initial $500 investment, which would eat up the earnings you are likely to make on $500, so you would rely on increasing your capital base to a large enough size that the $3.50/week is much less than your earnings, you don’t really want fees to be more than say 1%.
I don’t know anything about Raiz or spaceship.
But $3.50 a month is only $42 per year, where as you will be contributing $1,040 per year ($20/week), so no your investment won’t be eaten up by fees.
At first the annual fees, will be about 8% of your initial $500 investment, which would eat up the earnings you are likely to make on $500, so you would rely on increasing your capital base to a large enough size that the $3.50/week is much less than your earnings, you don’t really want fees to be more than say 1%.
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