sharesies.nz

Article in the herald about sharesies

http://www.nzherald.co.nz/personal-f...ectid=11909293

Looking for a solid international equity fund. Quite like having exposure to Vanguard ETFs but isn’t a necessity and would prefer to stick to PIE. Please help me decide between

SuperLife 100
SuperLife Overseas Shares Fund
Fisher Funds Global Fund
Smartshares Total World

Cheers

Perhaps a combination of
-s&p 500
-reits
-small cap value
-international
-emerging

as per
https://paulmerriman.com/the-ultimat...strategy-2017/


as for smartshares vs superlife vs investnow:
https://thesmartandlazy.com/2017/06/...n-new-zealand/

ETFs for Australian residents

For Australian residents, does anyone know if there is an equivalent to investnow, or superlife where there is no, or low yearly fee, and no transaction costs?


stockspot.com.au charges $5.50 /month



Also strange that Vanguard Australia charge 0.9% fee which seems high.

https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/productType=retail



Blackrock have lower costs about 0.19% but you have to buy them via a broker so that is not suitable if you want to make small purchases
https://www.blackrock.com/au/individual/ishares/core-series



robinhood - no fee share trading has not started yet

https://robinhood.com/au/







Thanks in advance for any tips
Also I could not find the new thread option so I put it in here

You can use this to buy US ETFs https://stake.com.au/

The catch is you have to buy in USD and pay the currency conversion cost from AUD to USD

Thanks
Interesting

Coming to NZ too !

https://stakeshop.freshdesk.com/supp...o-new-zealand-

I see that Sharesies is looking at kids accounts and you can invest as little as $5. This would be great for my daughter, as I want her to buy into several index funds, but at $50 a month, her pocket money wouldn't allow it. I have emailed investnow and asked when they will have kids accounts and if they would consider lowering the $50 even it if was for under 18 year old. Be interesting to see what they come back with.

Quote:

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Originally Posted by Pipi

I see that Sharesies is looking at kids accounts and you can invest as little as $5. This would be great for my daughter, as I want her to buy into several index funds, but at $50 a month, her pocket money wouldn't allow it. I have emailed investnow and asked when they will have kids accounts and if they would consider lowering the $50 even it if was for under 18 year old. Be interesting to see what they come back with.

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Why not just set up with Sharesies? I see they have changed their fee structure too, so its no the $30 per annum up front. Its monthly now and goes on the balance you have invested. The less invested, the less you pay so it may be worth considering them.

Quote:

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Originally Posted by blackcap

Why not just set up with Sharesies? I see they have changed their fee structure too, so its no the $30 per annum up front. Its monthly now and goes on the balance you have invested. The less invested, the less you pay so it may be worth considering them.

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Yes will look into it. Investnow got back to me super quick. They do have kids accounts, and you can invest monthly, bimonthly or half yearly, so that won't strain the pocket money to much.
Funny though, she was sprung at school doing something super naughty so among other punishments she has to do her chores for 1 month without pocket money. That will hurt the bank account.

So sharesies kids accounts are up and running now. I'm a bit confused, sos if anyone could advise that would be great.

They have a few investments that are recommended for kids because of the tax advantage being PIR and the tax rate can be 10.5%, but they are managed funds and most of them don't pay dividends, so you are relying on growth. Where if you invest in an index fund they pay a flat rate of 28%. Which from my understanding is you can apply for tax credits, which goes against their tax account and offsets income once they start earning, which for my daughter is a way off, she is only 12.
I personally prefer index funds myself, but are the recommended ones a better option for my daughter?
Also they say for dividends that: "Any distributions paid by the companies are retained by this fund". What does that mean, if there are any dividends paid who gets them. I can understand a business retaining earning so they can grow the business, but a fund is different surely?