sharesies.nz

[sonny n share]

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

[Kelvin]

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

[sonny n share]

that's a better fee.

[Kelvin]

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

[Jonboyz]

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.

[scottwalshnz]

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

[Jonboyz]

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

[777]

Article in the herald about sharesies

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

[heisenberg]

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

[sonny n share]

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/

[sonny n share]

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

[Kelvin]

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

[sonny n share]

Thanks
Interesting

Coming to NZ too !

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

[johndoe123]

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.

[blackcap]

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.

[justakiwi]

They are not charging what brokers do. 0.5% for orders up to $3000 plus an additional 0.1 % for orders over $3000. For small investors this is much cheaper than going through a broker. Sharesies is not designed for the rest of you.

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.

[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.

[blackcap]

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.

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.

[Pipi]

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.

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.

[Pipi]

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?