i m pretty sure it was mentioned they have tie up with some fund manager?
and they will invest your savings into some safe investment for some returns?
bit of how the super works for us on the background? better than banks, as banks pays almost zero interest?
why do we invest stocks, especially now? because savings in banks has no incentive, imagine if we go negative interest?
meaning our savings in bank means nothing and we have to pay the bank to keep our $$?
research some European country that went negative interest, and you will be surprised how one has to pay interest to maintain $$ in your own savings account.
so if dou can take care of some of these for the users as one of its feature, it would be rad? i m sure they must have some disclaimers or risk tolerances in different types of investment for a user to choose their risk/reward appetite.
i can see this working.
but thats just my thinking..
however - everybody dyor and all imo and gltah
cheers
p.s: above is not meant as financial advise - so please do your own research before arriving in a decision to invest in stocks.
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