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Thread: sharesies.nz

  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

  5. #5
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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
    Reincarnated Panthera Snow Leopard's Avatar
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    Thumbs down Fees, fees, fees, fees

    Quote Originally Posted by SeanL View Post
    InvestNow Still has the $30 Per annum fee, a $30 establishment fee per fund and annual admin of $12 or 18 if you want a paper statement.

    https://investnow.co.nz/no-transacti...do-we-compare/

    ....
    Go read that again, slowly & carefully, you may then spot that your statement above is incorrect in every detail .

    Best Wishes
    Paper Tiger
    om mani peme hum

  8. #8
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    They do their trades on market –Smartshares orders are pooled daily at 12pm and sent off to the broker.

  9. #9
    Hello
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    Quote Originally Posted by Paper Tiger View Post
    Go read that again, slowly & carefully, you may then spot that your statement above is incorrect in every detail .

    Best Wishes
    Paper Tiger

    Who has time to read things slowly and correctly - well picked

  10. #10
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    Quote Originally Posted by SeanL View Post
    Who has time to read things slowly and correctly - well picked
    Wisely spoken. It pays not to mess with the Tiger

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