Scaresies chat page

[777]

This may be of interest to some.
Headline only unfortunately. Was in this mornings printed paper.

https://www.nzherald.co.nz/business/...OC55JUAWITUMM/

[justakiwi]

Here’s the full article courtesy of RNZ

https://www.rnz.co.nz/news/business/...nancial-advice

Interesting, but there is no mention of fees for Buying and Selling, assuming one can actually do that via the app. The fee mentioned above is a “management” fee not a transaction fee.

[Snow Leopard]

There is also no mention of shares as such, it talks about funds.

So I imagine it is the usual dire options of [off market] investment products that perform poorly except for the management fee collector.

[justakiwi]

Yep. That’s what I’m thinking. So if they seriously think they are pitching it as an alternative to Sharesies, Hatch etc, they are dreaming.

There is also no mention of shares as such, it talks about funds.

So I imagine it is the usual dire options of [off market] investment products that perform poorly except for the management fee collector.

[Rawz]

Sharesies is the best platform for investing in ASX listed stocks. They handle all the dividend, tax, paperwork etc

[justakiwi]

Their processing times are ridiculous. I set up an auto order yesterday, to be placed today. It has been showing as "pending" for almost 40 minutes. Not even gone to market yet. Why are auto orders not placed the same way general orders are? These guys need to get their act together.

[bull....]

if you want a real platform for asx shares go interactive brokers

[justakiwi]

I only hold NZX so my options are limited unfortunately. Order has finally been processed and filled.

if you want a real platform for asx shares go interactive brokers

[Nor]

Probably like plenty of notice of what your intentions are. Heaven forbid, don't anyone mention front running.

[Rawz]

if you want a real platform for asx shares go interactive brokers

do they do all the tax and dividends stuff for you thou? i just cant be bothered with all the admin. Maybe when the kids are less needy