How does Spesía work
Spesía is an automated investment service that gives everyone—regardless of their financial situation or investment knowledge—access to professional, cost-effective, and personalized investment advice and portfolio management.
Spesía’s mission is to make investing in a globally diversified equity portfolio as simple as using a regular bank account.
When you invest with Spesía, you gain exposure to the returns of global equity markets, which have historically delivered significantly higher long-term returns than, for example, bank deposits. Low fees help ensure that the vast majority of your investment returns remain yours.
When you open an account with Spesía, we guide you through selecting an investment strategy that suits your needs by asking about your goals, financial situation, and the level of risk you’re comfortable taking. Based on your answers, we automatically recommend the investment strategy that we believe is the best fit for you. In most cases, however, you’re free to choose a different strategy than the one recommended by Spesía.
The strategies differ in their level of risk, reflected in different allocations between global stocks and Icelandic government bonds.
Careful
A careful investment policy is about keeping your money safe and avoiding big swings. It aims for steady growth, with the main goal of protecting what you have, even if it means giving up higher returns.
The portfolio invests in a mix of equities and Icelandic government bonds, with strong emphasis on moderate volatility and broad risk diversification. The equity portion consists of a globally diversified portfolio investing in thousands of companies worldwide.
Balanced
A balanced investment policy looks for a middle ground between safety and growth. It accepts some ups and downs to get better returns, while still aiming to protect your money over time.
The portfolio invests in a mix of equities and Icelandic government bonds, with strong emphasis on effective risk diversification. The equity portion consists of a globally diversified portfolio investing in thousands of companies worldwide.
Growth
A growth-seeking investment policy focuses on maximum growth, even if it means bigger ups and downs along the way. It accepts higher risk in pursuit of the chance for much higher returns.
The portfolio is invested exclusively in equities, structured with broad global diversification and exposure to thousands of companies across international markets.
Careful
A careful investment policy is about keeping your money safe and avoiding big swings. It aims for steady growth, with the main goal of protecting what you have, even if it means giving up higher returns.
The portfolio invests in a mix of equities and Icelandic government bonds, with strong emphasis on moderate volatility and broad risk diversification. The equity portion consists of a globally diversified portfolio investing in thousands of companies worldwide.
Balanced
A balanced investment policy looks for a middle ground between safety and growth. It accepts some ups and downs to get better returns, while still aiming to protect your money over time.
The portfolio invests in a mix of equities and Icelandic government bonds, with strong emphasis on effective risk diversification. The equity portion consists of a globally diversified portfolio investing in thousands of companies worldwide.
Growth
A growth-seeking investment policy focuses on maximum growth, even if it means bigger ups and downs along the way. It accepts higher risk in pursuit of the chance for much higher returns.
The portfolio is invested exclusively in equities, structured with broad global diversification and exposure to thousands of companies across international markets.
You log in to the Spesía app or at spesia.is to view the status of your portfolio or to make deposits and withdrawals.
When you deposit money into your Spesía account, the full amount is used to purchase units in the fund that matches the investment strategy you selected. Similarly, when you withdraw money, units in the fund are sold, and the proceeds (less any applicable capital gains tax on the profit) are transferred to your bank account. Spesía takes care of everything else, continuously managing your portfolio in accordance with your chosen investment strategy, including maintaining a relatively stable allocation between equities and bonds.
The return on your investment depends on how the fund performs. If the value of the fund’s assets increases, the value of your investment increases accordingly. If the value of the fund declines, the value of your investment decreases in the same way. Your Spesía account always displays the current value of your portfolio and its investment performance. You can also view all the holdings in your portfolio by logging in and selecting “Holdings” in the app or on the website.
