The Strawman Member Reward Program enables premium members to earn fractional shares and ETFs by contributing research and recommendations to Strawman.
The aim is to attract the best private investors, and to properly recognise and reward those that deliver the most value to the community. We think it provides a powerful incentive for quality content creation, and ensures our interests are best aligned with that of our members.
Each month we distribute an award pool across the premium membership according to their Community Rank. This is determined by considering factors such as investment performance, content endorsement and community engagement.
Importantly, the award pool distribution is proportional. Even a small contribution will earn you some credits, but the rewards can be significant for those that deliver the best research and recommendations. Especially as it builds over time.
How it works
While we don’t disclose the exact formula, your Community Rank is determined by:
- Your ranking within the 3 month, 6 month, 12 month and all-time performance leaderboards (greater weighting is given to the longer-term periods)
- The number ‘likes’ received on your Straws, Valuations and forum posts over the past month.
- And, to a lesser degree, the number of ‘likes’ cast on other people’s content over the past month
Essentially, the best way to increase your share of the award pool is to post lots of good research and recommendations, and to be an active endorser of the content that resonates with you.
Your ranking and estimated share of the award pool will change as new content is added and as share prices change (this is displayed on your profile page and the Members Page). But on the last day of each calendar month we’ll settle the award pool as it then stands, and distribute credits to eligible members. The award pool is then reset.
Members can redeem their credits for fractional shares in the iShares Core S&P/ASX 200 ETF (ASX:IOZ) through our partner Upstreet, or can be used to offset their premium membership subscription. There’s no minimum needed to claim your award (Upstreet issues fractional shares/ETFs), as well as no transaction fees.
We’re also proud to now offer the ability for members to donate their awards to a number of awesome local charities via our partners at Trade For Good.
We’ve always believed that sharing ideas with an engaged network of private investors is its own reward. But the Member Reward Program is just another way of supporting all the wonderful contributors that help make Strawman so valuable.
Who is eligible?
To participate in the Awards Program you must be a Premium member of Strawman. To redeem your award with Upstreet, you will also need to open an account.
What if I cancel my subscription?
You’ll lose any unclaimed credits if you cancel your subscription. However, you can claim any earned credits at any stage, so we’d suggest you do so before cancelling.
Do credits expire?
Yes, unused credits will expire after six months.
What shares or ETFs can I buy through Upstreet?
Initially, credits can only be exchanged for units in the iShares Core S&P/ASX 200 ETF (ASX:IOZ).
However, we’re looking to expand this over time.
Is there brokerage or fees charged?
No, we cover all the costs of the Award Program, so one dollar of credit will always buy you one dollar’s worth of units in the ETF.
How do I sell my shares?
You can sell shares and redeem for cash through the Upstreet app. There’s no minimum holding period, so you can do this at any time.
Do I have to have an Upstreet account?
Yes. As our Award Program partner, Upstreet handles all aspects of buying, selling and custodianship. The good news is, it’s super easy to get started, and you can also earn shares outside of Strawman by shopping at any of Upstreet’s participating retailers.
Do I have to have a Trade for Good account?
No, we manage the donation on your behalf. But if you like super cheap brokerage, an awesome trading platform and want to better support the community, we’d urge you to check them out.
Strawman is Australia’s premier online investment club.
Members share research & recommendations on ASX-listed stocks by managing Virtual Portfolios and building Company Reports. By ranking content according to performance and community endorsement, Strawman provides accountable and peer-reviewed investment insights.
Disclaimer– Strawman is not a broker and you cannot purchase shares through the platform. All trades on Strawman use play money and are intended only as a tool to gain experience and have fun. No content on Strawman should be considered an inducement to to buy or sell real world financial securities, and you should seek professional advice before making any investment decisions.
The Upstreet rewards program is operated by ESC Operations Pty Ltd (ACN 635 424 538, AR 1283 677) (Upstreet), who is an authorised representative of Cache Investment Management Pty Ltd (ACN 624 306 430 AFSL 514 360) (Cache). Any financial products described in this email will be issued by third parties, as disclosed in the relevant product disclosure statement. All information is general information only and does not take into account your personal circumstances, financial situation or needs. Before making a financial decision, you should read the relevant product disclosure statement and consider whether the product is right for you and whether you should obtain advice from a professional financial adviser.
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