"Like money out of thin air": How Aussies are pocketing hundreds without lifting a finger
It sounds too good to be true, but more and more Australians are discovering that the Dire Straits-inspired dream of “money for nothing” is very real … well, almost.
It’s not quite "money for nothing" that they’re enjoying, but it may as well be. Especially when you consider they acquired life-changing funds without undertaking extensive manual labour, menial office work, or indeed any work at all.
So what is the source of this seemingly magical wealth? A distant relation to royalty? Buried treasure? A high-stakes game show? The answer is something more realistic, and certainly much more common: lost shares.
Lost shares are simply investments that have fallen by the wayside over the years. Whether through plain forgetfulness, employee share schemes that have gone unchecked, a change in the shareholder details, or a deceased estate, losing touch with these funds is surprisingly easy.
It’s so easy, in fact, that the Australian Securities and Investment Commission (ASIC) is currently holding onto more than $1 billion in lost funds. A little more than just misplaced pocket change, then.
While you may be entitled to a slice of this irresistible pie, claiming your share (pun intended) is a touch more involved than holding out your hand and saying "please". As with everything finance, there’s endless red tape to contend with, and without the proper tools and know-how you may not uncover all that you’re owed.
Thankfully, Queensland-based Investafind is offering to help hard-working Australians and formerly hard-working retirees navigate this confusing labyrinth of databases, emails, and forms in the best way possible - by doing it for them!
With no more than a simple phone call, countless individuals have been reunited with life-changing nest eggs thanks to Investafind. They take care of all the hard work that comes with investigating lost shares and dividends, so you can kick back and wait for the money to roll in.
Such was the case for Anne who, with no relevant documents, a new name, and a new address, seemed almost certain to wave goodbye to the employee shares she had accrued through her 35 years’ with her previous employer.
The dedicated business went to great lengths to inform Anne of her awaiting riches, reaching out to her at her Portarlington home. As you would expect, Anne was at first a little sceptical - unsolicited promises of easy money are rarely reliable - but after speaking with Investafind’s lost share sleuths, she couldn’t be happier.
“Without Investafind’s help, I probably wouldn’t have done anything, but I’m glad I did because I got some money,” laughs Anne.
“I expect my past employer was trying to find me by my previous name, but this was probably difficult because I had moved twice since my employment ended.”
“The process of recovering these lost shares was made simpler by the girls in the Investafind office. At 64 years old I’m not very tech-savvy, but with Investafind they made the process so much easier. They stepped me through what I had to do and followed up afterwards.”
“To my son’s surprise and delight, I halved the money with him to help pay for raising his own children and building his house.”
It’s a heartwarming story that’s echoed by the countless families and individuals Investafind has had the honour of assisting over the years. As companies fail, get suspended, are delisted, and merge every day, no doubt there’s still a plethora of shares just waiting to be uncovered. Will you be the next to enjoy the spoils of Investafind’s passion for tracking down these lost funds?
Discover your lost shares and dividends by visiting https://investafind.com.au/, or by phoning the friendly Investafind team on (07) 5619 5976.
Client names in this article have been changed for privacy reasons.