fintechFIVE: Stockspot

Elizabeth Barry 8 February 2018 NEWS

fintech stockspot

Chris Brycki

CEO & founder of Stockspot

In two sentences or less, describe your product or service.

Stockspot makes smart investing easy and affordable. Everything is online and you only need $2,000 to start investing in a professionally managed investment portfolio. You don’t need to know anything about what to invest in or when to buy and sell because we manage it all for you.

What has been the company's biggest milestone to date?

Going on the TODAY show to discuss our Fat Cat Funds report about how high fees eat into people’s superannuation was a definite high point. When the TODAY show is interested you know what you’re doing is important to everyday Australians.

What’s your most useful advice for having a productive day?

In the long-term, a productive day is best achieved through a good night’s sleep, eating lots of vegetables and doing regular exercise. On a day-to-day basis, my advice is to break down big jobs into small tasks to stay on top of a large workload.

Where do you see the company in 12 months?

Most Australians don’t invest (outside of their superannuation). Instead they leave their money in a low interest savings account. This may seem like the safe option, however, in the long-term, your money is actually going backwards as the cost of living increases. We’re trying to educate people that even with dips in investment markets, in the long-run, if you want to grow your wealth, putting some (not all) of your savings into a diversified investment portfolio could be a better option.

Which book has had the most influence on your professional mindset?

Thinking Fast & Slow by Daniel Kahneman. Kahneman’s insight into heuristics and their effect on decision making is directly applicable to investing. One of the reasons I started Stockspot is because I saw people making these mistakes and I wanted to create an investment service to help drive better decisions for Australians.

The fintechFIVE is a series of five questions intended to shed light on innovative companies from Australia and around the world. Every Thursday we ask the same five questions to a representative from a different fintech company – check out the most recent fintechFIVEs here.

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