sharetrader
Page 1 of 5 12345 LastLast
Results 1 to 20 of 89

Thread: sharesies.nz

  1. #1
    Member sonny n share's Avatar
    Join Date
    Mar 2017
    Posts
    32

    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
    Member
    Join Date
    Sep 2015
    Posts
    222

    Default

    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
    Join Date
    Mar 2017
    Posts
    32

    Default

    that's a better fee.

  4. #4
    Member
    Join Date
    Sep 2015
    Posts
    222

    Default

    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
    Member
    Join Date
    Mar 2017
    Posts
    113

    Default

    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
    Member
    Join Date
    Feb 2015
    Posts
    36

    Default

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

  7. #7
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Wandering Free
    Posts
    870

    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
    Member
    Join Date
    Mar 2017
    Posts
    113

    Default

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

  9. #9
    Hello
    Join Date
    May 2017
    Location
    Auckland, New Zealand
    Posts
    6

    Default

    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
    Advanced Member
    Join Date
    May 2009
    Posts
    1,958

    Default

    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

  11. #11
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    2,640

    Default

    Article in the herald about sharesies

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

  12. #12
    Member
    Join Date
    Oct 2013
    Posts
    130

    Default

    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

  13. #13
    Member sonny n share's Avatar
    Join Date
    Mar 2017
    Posts
    32

    Default

    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/

  14. #14
    Member sonny n share's Avatar
    Join Date
    Mar 2017
    Posts
    32

    Default

    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

  15. #15
    Member
    Join Date
    Sep 2015
    Posts
    222

    Default

    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

  16. #16
    Member sonny n share's Avatar
    Join Date
    Mar 2017
    Posts
    32

    Default

    Thanks
    Interesting

    Coming to NZ too !

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

  17. #17
    Member
    Join Date
    Jun 2016
    Posts
    85

    Default

    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.

  18. #18
    Banned
    Join Date
    Apr 2003
    Location
    Wellington, New Zealand
    Posts
    4,199

    Default

    Quote Originally Posted by Pipi View Post
    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.

  19. #19
    Member
    Join Date
    Jun 2016
    Posts
    85

    Default

    Quote Originally Posted by blackcap View Post
    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.

  20. #20
    Member
    Join Date
    Jun 2016
    Posts
    85

    Default

    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?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •