sharesies.nz

[blackcap]

http://investmentnews.co.nz/investme...eline-for-nzx/

Sharesies working with NZX to introduce direct share investing. Will be interesting to see the pricing model for this in Sharesies. A break away from their target market of set & forget investors. Single stock investing involves a bit more research.

It will be nigh on impossible to trade shares via sharesies is my initial thought. If they are not a broker they will have to deal through one. So they will still only put the orders through once per day (or maybe some increased frequency) but it will be bulk orders and not your order when you place it at your limit. Then they will just have to charge what the current brokers do to remain competitive. But for buy/hold pundits this will be great.

[justakiwi]

They are not charging what brokers do. 0.5% for orders up to $3000 plus an additional 0.1 % for orders over $3000. For small investors this is much cheaper than going through a broker. Sharesies is not designed for the rest of you.

It will be nigh on impossible to trade shares via sharesies is my initial thought. If they are not a broker they will have to deal through one. So they will still only put the orders through once per day (or maybe some increased frequency) but it will be bulk orders and not your order when you place it at your limit. Then they will just have to charge what the current brokers do to remain competitive. But for buy/hold pundits this will be great.