sharesies.nz
-$30pa
-small choice of smartshares
-daily purchase/sale at market at no fee
-Easy to deal with and transact
-Might be of interest to some of you out there
I have signed up, transferred a small amount, and placed an order
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sharesies.nz
-$30pa
-small choice of smartshares
-daily purchase/sale at market at no fee
-Easy to deal with and transact
-Might be of interest to some of you out there
I have signed up, transferred a small amount, and placed an order
investnow.co.nz
-$0pa
-small choice of smartshares
-daily purchase/sale at market at no fee
-Easy to deal with and transact
-Might be of interest to some of you out there
I have signed up, transferred a small amount, and placed an order
that's a better fee.
Yes, there's not much Sharsies offers that's better than InvestNow.
As for the lower minimum investment on Sharsies ($5 vs $250), save your money in the bank until you have $250, then move it over into InvestNow saving $30 in the process
I received some answers to a couple of questions I asked InvestNow that may be of interest. This is an email response from Phil Howison from InvestNow:
"If InvestNow went into liquidation, you would still retain ownership of any investments you held through us. All our client assets are held by an independent custodian (Adminis Custodial Nominees Ltd) and we have no direct control of these funds. More information on this here: https://investnow.co.nz/faq-items/ho...nds-protected/
If you buy Smartshares through InvestNow, you could transfer them to your own name if you wanted to then sell them through another broker. But please note that there would likely be additional costs associated with doing this, e.g. brokerage. You can sell Smartshares through InvestNow with no fees or brokerage."
Looks like a pretty good system. They make their profit by charging the funds management companies to be listed. I'm going to transfer my existing smartshare holdings from Link to Investnow and any further smartshare investments will go through them.
With no fees, could this be used as a trading account?
They do their trades on market –Smartshares orders are pooled daily at 12pm and sent off to the broker.
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.
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?