Investing Your Profits As A Sneakerhead
Whether you’re a Power Seller flipping 100+ sneakers a month, or a Casual Seller making a few hundred dollars in a month, it is crucial that you invest your profits wisely.
Every sneaker reseller knows that in order to make more from sneaker reselling, you need to invest more.
However, it might be wise to not put 100% of your profits to get more stock to flip. You might be better off putting aside a percentage of your earnings after tax to diversify where your money goes.
We will be the first to tell you that sneaker reselling is risky business. You might cop a few bricks and they won’t sell. You might get the wrong sizes. Or you might miss drops altogether. This is why most financial experts recommend that you do not put all your eggs into one basket.
So you may be asking, how should I invest my profits?
Meet Spaceship Voyager
Our friends over at Spaceship have launched a new product called Spaceship Voyager - an investing app available on iOS and Android which you can use to invest in two global investment portfolios - the Spaceship Index Portfolio and the Spaceship Universe Portfolio
We know that as a sneakerhead, you’ll definitely know the ins-and-outs of investing your money into sneakers. However, investing your money in the financial market may be a bit more foreign.
Spaceship’s goal is to be the financial services brand for the Internet generation by aiming to make financial products accessible and easy-to-understand.
In addition, your first $5,000 invested in Spaceship Voyager is completely fee-free.
After that, you’re only charged a management fee of 0.05% or 0.10% of your investment balance above $5,000 (depending on which portfolio you choose). That means $10,000 invested with Spaceship Voyager will cost $2.50 or $5.00, or about the price of a cup of coffee.
The app is user-friendly and the investment portfolios invest directly in stocks (Spaceship manages all investments in-house and don't use exchange-traded funds (or ETFs).
Why Spaceship Voyager?
As you all know, we never push products of other companies on our blog. But we truly believe that financial literacy is key to a success of a sneakerhead.
There’s no point making a lot of money, if you are not setting yourself up or have nothing to show for it by the end of your run.
What we like about Spaceship Voyager is that it makes it easy for you to see where your portfolio is invested, down to the individual company. The fees are pretty low, there is no minimum investment, and no entry or exit fees apply.
Unlike other investment products that focus on Australia and are dominated by the resources and financial industries, the Spaceship Voyager investment portfolios provide an exposure to the global and technology sectors. This means that by investing in Spaceship Voyager, you can get an exposure to technology companies, such as Netflix, Amazon, Google and Facebook.
We also like the fact that you get a curated news feed within the app that delivers you content about the companies in your investment portfolio and the market in general. There’s also a blog with posts which aim to help you understand exactly how those companies are going and about investing in general.
The cherry on the cake is that Spaceship Voyager helps you make investing a habit - you can set up a regular investment plan, where you can choose to invest the same amount on a weekly, fortnightly or monthly basis.
This frees up your time as a busy sneakerhead, so that you can always be on the lookout for easy cops.
How do I get Spaceship Voyager?
You can download the Spaceship Voyager app on iOS or Android. Make sure you read the Spaceship Voyager PDS and Additional Information Document on their website. Still unsure? Watch this video to see what it’s all about.
Past performance is provided for information purposes only and is not a reliable indicator of future performance. This advertorial has been sponsored by Spaceship Capital Limited (ABN 67 621 011 649, AFSL 501605) (Spaceship Capital), the issuer of the Spaceship Universe Portfolio and Spaceship Index Portfolio. Any advice is provided by Spaceship Capital and is general only as it does not take into account your personal circumstances, situation or needs. You should consider whether Spaceship Voyager is right for you by reading the relevant Product Disclosure Statement and the Additional Information Document (available on at spaceshipinvest.com.au) and obtaining appropriate financial and taxation advice. Spaceship Voyager is available to Australian residents only.