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  1. #16
    Member
    Join Date
    Nov 2018
    Location
    Christchurch
    Posts
    372

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    Quote Originally Posted by justakiwi View Post
    I don't understand what you mean by "invest in the index ETF directly." The Smartshares US 500 ETF invests in the Vanguard S&P 500 ETF, which tracks the S&P 500 Index. I can't invest directly into the Vanguard S&P 500 ETF, through Sharesies - only via the Smartshares ETF. What exactly are you proposing that I should do?

    EDIT: did you mean “invest in the index directly” - not “invest in the index ETF directly?”
    Open yourself an account in the US and send the funds there so you can start trading / buying.
    https://interactivebrokers.com/inv/e...p#open-account
    This is a proper brokerage account and none of the fluff we have in NZ brokerage firms. Their commissions are competitive with again, none of the rip-off account management fees we see by NZ providers. IB also have brokers in Australia if you find having a US account is too far away.

    Once your funded and ready to make your investment, the world is your oyster. But since your interest is specifically with Vanguard S&P500 ETF, it's ticker is VOO

    https://finance.yahoo.com/quote/VOO

    Since it's over $300 USD per share, you'll have to check if they do fractional shares. Also if you're only sending $20/week or so, then it may be a waste of time. I suggest to send much larger sums to make it worth while.

  2. #17
    Junior Member
    Join Date
    Aug 2010
    Location
    Ōtepoti
    Posts
    13

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    Consider TWF as per others or possibly InvestNow vanguard international AUT (tax implications but low fee). Personally I’m using Simplicity growth for my kids as they have a great ‘Where in the world is my money invested’ section where it tells you beautifully the top 10 portfolio companies with the dollar value. Most are NZ companies so easy to relate to for teaching. You can play around with amounts in the calculator as well.

  3. #18
    Senior Member
    Join Date
    Aug 2016
    Location
    South Canterbury
    Posts
    575

    Default

    Ok. Not a viable option for my situation.

    Quote Originally Posted by SBQ View Post
    Open yourself an account in the US and send the funds there so you can start trading / buying.
    https://interactivebrokers.com/inv/e...p#open-account
    This is a proper brokerage account and none of the fluff we have in NZ brokerage firms. Their commissions are competitive with again, none of the rip-off account management fees we see by NZ providers. IB also have brokers in Australia if you find having a US account is too far away.

    Once your funded and ready to make your investment, the world is your oyster. But since your interest is specifically with Vanguard S&P500 ETF, it's ticker is VOO

    https://finance.yahoo.com/quote/VOO

    Since it's over $300 USD per share, you'll have to check if they do fractional shares. Also if you're only sending $20/week or so, then it may be a waste of time. I suggest to send much larger sums to make it worth while.

  4. #19
    Senior Member
    Join Date
    Aug 2016
    Location
    South Canterbury
    Posts
    575

    Default

    Simplicity is great. I am with their KiwiSaver but their $5000 minimum deposit for their investment funds, is way too high. I have talked to them about it and they have said "watch this space" so I think it is something they must be planning on changing.

    Quote Originally Posted by audiav View Post
    Consider TWF as per others or possibly InvestNow vanguard international AUT (tax implications but low fee). Personally I’m using Simplicity growth for my kids as they have a great ‘Where in the world is my money invested’ section where it tells you beautifully the top 10 portfolio companies with the dollar value. Most are NZ companies so easy to relate to for teaching. You can play around with amounts in the calculator as well.

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