Spaceship Super

[fiftyeight]

Recently I have been looking in to Spaceship Super. I like the message they are selling re investing in the tech sector and investing for decades not years.

Have I bought into the message hard and have been convinced by a slick advertising campaign targeted at people in my age group or does this new Superfund actually stack up?

If anyone has a had a look I would love to hear your thoughts

 

[Rypieee]

High fees low performance, if you are already actively investing why pay? If you want exposure to the tech sector just have part of your super in the Magellan Global Fund, I think Hamish Douglass is a great fund manager and have good insights towards technology and future developments... I believe only a % of their fund (spaceship) are in the tech stocks and the rest are your typical blue chip aussie stocks.

I am similar to you to the fact that I am a young adult and spaceship has caught my attention over social media but looking under the hood, I don't particularly like what I see... They are still in their early stages at the moment and the investment strategy does not sound very in-depth or detailed... Believe they just completed the second or third round of funding recently... Maybe give it some time first for them to fine tune their business plan?

 

[tech/a]

If YOU can't control it don't do it!

 

[skc]

High fees low performance

Over 1.6% fee! A superfund that charges like a hedge fund. What a great business model for suckers.

They invest 34% in some of the larger US tech stocks which you can probably emulate 90% with some mainstream tech ETF, which probably cost you 0.2% fee.

 

[fiftyeight]

Yes after a closer look they do not seem to be doing anything that interesting. As pointed out I can probably get something better in an ETF.

I use ING so I will have a look at what they have to offer, but if they are mostly just buying larger companies then I am not sure what the upside is.

I guess what I really want is exposer to startups and the venture capital world. I have a loooong time frame (getting longer all the time unfortunately) so can handle the risk.

On a positive this has inspired me to have a look at what ETFs ING have to offer

 

[fiftyeight]

If YOU can't control it don't do it!

That assumes I have an edge in long term investing

 

[Junior]

There are many cheap ways to invest in global tech. As mentioned above Magellan Global is one option. A couple of other ETFs which have floated in recent times:

http://www.betashares.com.au/fund/nasdaq-100-etf/#keyfacts

https://www.etfsecurities.com/Insti...fs-morningstar-global-technology-etf-tech-asx

For a group harping on about transparency I couldn't find anywhere in their PDS or on their website who is actually managing the money. Is it all in Index funds? Is there an active component? Who are the underlying fund managers?

I wouldn't go near any super fund which didn't have an insurance offering or other investment options unless it was very cheap.

 

[PZ99]

Spaceship Super? Sounds like a scheme I set up decades ago as the perfect vehicle for tax avoidance by sending your money off the planet.

← somewhere here where it's safe... @fiftyeight ... do you have a spare shovel? LOL

 

[fiftyeight]

I did not end up using Spaceship, but they have my email and have sent me an invite to their new investing fund, outside of super.

Spaceship advertise 0.10% per year management fee.

https://www.spaceshipinvest.com.au/assets/Spaceship-Universe-Portfolio-PDS.pdf

BetaShares NASDAQ 100 ETF is charging 0.48% per year. Plus entry and exit fees.

https://www.betashares.com.au/ndq/?...xEEXPMKF5OyNX7bIYTWp3XH7aKbNGetQaApGMEALw_wcB

I must be missing something, how can this type of fund with a fancy website, newsletters, educational material, and are not simply buying and index undercut an ETF?

 

[tech/a]

That assumes I have an edge in long term investing

Not at all.
It means what it means.

Don’t let unknowns control your money!
Super or otherwise.
That’s always been my choice
It may not be yours.

 

[Junior]

I did not end up using Spaceship, but they have my email and have sent me an invite to their new investing fund, outside of super.

Spaceship advertise 0.10% per year management fee.

https://www.spaceshipinvest.com.au/assets/Spaceship-Universe-Portfolio-PDS.pdf

BetaShares NASDAQ 100 ETF is charging 0.48% per year. Plus entry and exit fees.

https://www.betashares.com.au/ndq/?utm_source=google&utm_medium=cpc&utm_content=NDQ&utm_term=betashares nasdaq 100 etf&gclid=Cj0KCQiA1NbhBRCBARIsAKOTmUsduBFDch20gUuPOzRun9YxEEXPMKF5OyNX7bIYTWp3XH7aKbNGetQaApGMEALw_wcB

I must be missing something, how can this type of fund with a fancy website, newsletters, educational material, and are not simply buying and index undercut an ETF?

This seems suspiciously cheap.....how can an Active Fund, which invests in direct shares both locally and globally operate on such a low fee?? I'd be concerned at how well-resourced their team is. Brokerage alone would chew up those fees.

Surely it would make more sense to push that fee up to 0.50% and reduce fees on their super fund!

 

[tech/a]

Recently I have been looking in to Spaceship Super. I like the message they are selling re investing in the tech sector and investing for decades not years.

Have I bought into the message hard and have been convinced by a slick advertising campaign targeted at people in my age group or does this new Superfund actually stack up?

If anyone has a had a look I would love to hear your thoughts

The Philosophy I definitely agree with!

 

[InsvestoBoy]

BetaShares NASDAQ 100 ETF is charging 0.48% per year. Plus entry and exit fees.

BetaShares is charging you an "Australia tax". QQQ the NASDAQ-100 tracker, one of the oldest ETFs, which you can buy on the NASDAQ has an 0.2% fee. NYSE:VGT which is the Vanguard tech fund has an 0.1% fee.

There is no point trying to get exposure to International markets via the ASX, except for a handful of ETFs, it's a rip-off. Just get an Interactive Brokers account for international exposure (and cheap ASX brokerage).

 

[tech/a]

BetaShares is charging you an "Australia tax". QQQ the NASDAQ-100 tracker, one of the oldest ETFs, which you can buy on the NASDAQ has an 0.2% fee. NYSE:VGT which is the Vanguard tech fund has an 0.1% fee.

There is no point trying to get exposure to International markets via the ASX, except for a handful of ETFs, it's a rip-off. Just get an Interactive Brokers account for international exposure (and cheap ASX brokerage).

Agree

We are running a Portfolio with US tech stocks right now.
Through IB

 

[fiftyeight]

BetaShares is charging you an "Australia tax". QQQ the NASDAQ-100 tracker, one of the oldest ETFs, which you can buy on the NASDAQ has an 0.2% fee. NYSE:VGT which is the Vanguard tech fund has an 0.1% fee.

There is no point trying to get exposure to International markets via the ASX, except for a handful of ETFs, it's a rip-off. Just get an Interactive Brokers account for international exposure (and cheap ASX brokerage).

My super is with ING, so I dont have access to international markets.

I seem to be paying the "Ozzie tax" a lot recently

 

[InsvestoBoy]

My super is with ING, so I dont have access to international markets.

I seem to be paying the "Ozzie tax" a lot recently

The big, cheap international ETFs on the ASX have plenty of tech exposure these days, especially for the Google/Apple/Microsoft/Amazons and other large cap techies that really matter. SPY or IVV on the ASX.

 

[Dona Ferentes]

Recently I have been looking in to Spaceship Super. I like the message they are selling re investing in the tech sector and investing for decades not years.

Have I bought into the message hard and have been convinced by a slick advertising campaign targeted at people in my age group or does this new Superfund actually stack up?

If anyone has a had a look I would love to hear your thoughts

My thoughts ... they don't matter ...

But the market has spoken. Spaceship's superannuation product, GrowthX ,managed to achieve a negative 19.5 per cent in the 12 months to June 30, while its investment product Voyager lost 47 per cent.

 

[JohnDe]

ASIC puts stop order on Spaceship. I wonder whether any other similar platforms will be next?

 

[Dona Ferentes]

splashdown

Trading platform Etoro has acquired a Mike Cannon-Brookes backed Australian superannuation play in a deal worth up to $80m. The acquisition of Spaceship, announced Thursday afternoon, buys the Israeli trader an even larger slice of a growing market of younger investors trading on smaller, indie platforms.

Since its founding in 2017, Spaceship has picked up 200,000 clients with $1.5bn in funds under management.

... ha ha, "indie platforms" - a triumph of marketing over outcomes.