Spaceship Voyager is a digital investment platform that offers beginner investors the ability to invest in a range of portfolios. Accessible through their website and app, the design is simple, as are the options for what you can invest in.
Currently, Spaceship Voyager offers three investment portfolios: The Spaceship Origin Portfolio, The Spaceship Universe Portfolio and the Spaceship Earth Portfolio. I’ll break down the difference between these three options below.
Spaceship Voyager is issued by Spaceship Vapital Limited, which operates under an Australian financial services license (AFSL). They are also regulated by the Australian Securities and Investment Commission (ASIC). Additionally, Spaceship Portfolios operate as unit trusts, which are registered under the Corporations Act as managed investment schemes. As such, they are regulated by the Australian government and operate under industry standards, making Spaceship Voyager a relatively safe platform.
As of November 1, 2021, Spaceship Voyager has imposed a flatrate monthly management fee of $2.50 for any portfolio with a balance over $100. For balances under $100, there is no monthly fee. While these fees may seem high, particularly for low balances, it is important to note that Spaceship does not charge brokerage fees. To highlight the monthly management fee in terms of percentages, I have attached a table below.
|Portfolio Balance||Monthly Fee as a %|
This option is a passive index fund. An index fund is a type of mutual fund that is designed to track the components of a market index. This is achieved by matching a market segment or a portion of the market. For example, the ASX200 tracks the top 200 companies in the Australian market. It does this automatically by aligning with the top 200 ranked companies. When one enters or exits this index, this ETF is updated to reflect this change.
The Spaceship Origin Portfolio consists of 100 listed Australian shares and 100 listed global shares. The 200 companies within this index fund are chosen based on their market capitalisation. Market capitalisation is calculated by multiplying a company’s outstanding shares by the current market price of one share. Currently, the cost to manage this fund is $2.50 per month for balances over $100. Balances below this are not subject to fees.
Spaceship Origin has the following asset allocations:
The Spaceship Universe Portfolio is a managed fund consisting of 70-100 Australian and international companies. The companies in this portfolio have been selected by the Spaceship team to meet their ‘Where the World is Going’ (WWG) criteria. These companies are deemed as innovative and differentiated investments that are forecasted to grow at a high rate. Examples include Tesla, Apple and Microsoft.
As such, this portfolio is aimed at growth investors with a high-risk tolerance, as it is more concentrated than the passive Origin Portfolio and has a high allocation of growth assets (stocks). Spaceship recommends a minimum investment holding period of 7 years to experience optimal growth with this particular portfolio. Currently, the cost to manage this fund is $2.50 per month for balances over $100. Balances below this are not subject to fees.
Spaceship Universe has the following asset allocations:
This option is an active portfolio consisting of 30-50 Australian and global securities. These securities have also been selected by the Spaceship Voyager investment team under their WWG criteria. Spaceship Earth Portfolio also utilises a negative screening process to remove companies deemed as not environmentally friendly. This criterion excludes companies involved with things such as fossil fuels, nuclear power and animal cruelty among others.
The fund aims to generate high returns by investing in environmentally sustainable companies. Spaceship selects these companies on the basis that they are identified as contributors to the advancement of the UN Sustainable Development Goals Agenda. Like the Spaceship Universe Portfolio, this fund is actively managed and incurs the same $2.50 per month fee on balances above $100. Balances below $100 incur no fees.
Spaceship Earth has the following asset allocations:
|Portfolio||Spaceship Origin||Spaceship Universe||Spaceship Earth|
|Environmentally Sustainable Holdings||No||No||Yes|
|Number of Holdings||200||100||30-50|
|Fees on Balances Below $100||$0||$0||$0|
|Fees on Balances Above $100||$2.50 Each Month||$2.50 Each Month||$2.50 Each Month|
The simplest and most annoying answer is “it depends…”. Throughout history, passive portfolios have typically outperformed managed ones. By following the market index, you’re statistically more likely to make better returns over a long duration. For that reason, the Spaceship Origin Portfolio is arguably the safer option out of the three.
Alternatively, the Spaceship Universe Portfolio is carefully selected by experts to align with niche criteria. Subsequently, the potential for greater losses and rewards is elevated. This is also reflected to some extent in the Spaceship Earth Portfolio. However, there is a more niche selection criteria for this portfolio as it precludes non-environmentally friendly companies.
Therefore, it depends entirely on your risk tolerance. If you have a high-risk tolerance, then the Spaceship Universe Portfolio may be better aligned with your desires. Alternatively, if you want to take a more passive and safer approach, then the Spaceship Origin Portfolio will be your best bet. Lastly, if you are an ethical investor, then the Spaceship Earth Portfolio is more suited to you.
The thing to keep in mind with all portfolios is that they are growth-oriented. The Spaceship Voyager team, therefore, recommends that you hold all portfolios for at least 7 years to experience growth. This is due to all portfolios containing high amounts of equities. Equities are growth assets, that while susceptible to short term market fluctuations, tend to perform well over long investment horizons.
Spaceship Voyager is a great app for people who want to invest small amounts of money. For beginners just starting out on their investing journey, this easy to use app is a fantastic starting point. Similarly, seasoned investors may prefer Spaceship due to its ease of use. It has a user-friendly interface, high performing portfolios and the lowest fees among its competition. For these reasons, Spaceship is my favourite Australian micro-investing app.
For seasoned investors or people with a lot of disposable income, there may be better alternatives out there. These alternatives include SelfWealth and other investment platforms that will provide more investment options. However, Spaceship is still a great starting point for beginners looking to start in the world of investing.
Alternatively, after creating an account and verifying your details, simply select the following:
From there, insert S8XPUPC1KW. After you deposit $5 or more, both you and I will receive $5 each. This gives you a nice bonus on your investing journey and helps support my website.
If you require additional help setting up your account, here is a detailed guide on how to join Spaceship Voyager.
That concludes my Spaceship Voyager Review. If you have any additional questions about Spaceship Voyager feel free to send me a message at firstname.lastname@example.org.
Spaceship’s main competitor is Raiz. While I personally prefer Spaceship Voyager, some of Raiz’s features may appeal to you. If you’d like to learn more about Raiz or see my review on how the two apps compare, check out these posts: