Sales Skills And Techniques: Raiz: The End of the Road in Malaysia

Remember that app that let you invest your spare change?

Yeah, that one.

Well, it's no longer around in Malaysia. After being here for about four years, Raiz has decided to pack its bags and leave.

What was Raiz, anyway?

Raiz was like a friendly robot that helped you invest your money. You could start with as little as RM5 and it would suggest investments based on how much risk you were comfortable with. It was trying to make investing easy and accessible for everyone.

Why did it leave?

Unfortunately, not enough Malaysians used Raiz.

So, the company behind it decided it wasn't worth sticking around.

It's a bummer, right?

But hey, at least they're handling the closure properly and making sure everyone gets their money back.

What now?

Don't worry if you were using Raiz.

They'll let you know what to do with your money. But if you were planning to start investing, there are still other options out there.

You can look into other investment apps or talk to a financial advisor.

So, while it's sad to see Raiz go, it's not the end of the world.

There are plenty of other ways to start your investment journey.

Don't Let Raiz Leaving Leave You Lost

Raiz has packed its bags, but your investment journey doesn't have to stop. There are plenty of other ways to grow your money.

Here are a few options:

Other Investment Apps: There are other apps like Raiz out there. Some work in a similar way, letting you invest small amounts regularly.
Traditional Investment Firms: If you prefer a more hands-on approach, you could look into traditional investment firms. They offer a variety of investment options, but might require a bigger starting amount.
DIY Investing: For those who like to be in control, you can invest directly in stocks, bonds, or exchange-traded funds (ETFs). This requires more knowledge, but it can also be rewarding.

Remember:

Investing involves risk. It’s always a good idea to do your research or talk to a financial advisor before making any decisions.

Don't let Raiz leaving discourage you. There's a whole world of investment opportunities out there.