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  1. #1
    Member sonny n share's Avatar
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    Default sharesies.nz

    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

  2. #2
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    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

  3. #3
    Member sonny n share's Avatar
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    that's a better fee.

  4. #4
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    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

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    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.
    Last edited by Jonboyz; 20-08-2017 at 02:35 PM.

  6. #6
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    With no fees, could this be used as a trading account?

  7. #7
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    They do their trades on market –Smartshares orders are pooled daily at 12pm and sent off to the broker.

  8. #8
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    Article in the herald about sharesies

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

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    Looking for a solid international equity fund. Quite like having exposure to Vanguard ETFs but isnít 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

  10. #10
    Member sonny n share's Avatar
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    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/

  11. #11
    Member sonny n share's Avatar
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    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

  12. #12
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    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

  13. #13
    Member sonny n share's Avatar
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    Thanks
    Interesting

    Coming to NZ too !

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

  14. #14
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    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.

  15. #15
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    Quote Originally Posted by johndoe123 View Post
    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.

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