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Banned
Originally Posted by justakiwi
Not sure what you mean. Your total return/loss is displayed as percentage and $ total. For both your overall portfolio and for your individual holdings.
I mean that they consider past gains and losses in the figure displayed.
Say you invest $100 in a company last year, then sell those shares for $200. 100% gain.
Then this year you invest $100, then they drop in value to $50. Now sharesies show you still up by $50.
This is quite frustrating when you are considering your current investment.
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Ah, I see what you mean. Thanks!
Originally Posted by arekaywhy
I mean that they consider past gains and losses in the figure displayed.
Say you invest $100 in a company last year, then sell those shares for $200. 100% gain.
Then this year you invest $100, then they drop in value to $50. Now sharesies show you still up by $50.
This is quite frustrating when you are considering your current investment.
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Member
Originally Posted by Beat the Bank
Thanks thebdogg for the calculations above. I have only ever used ASB and it looks like I will stick with it for a $10k trade.
$10,000 invested via Sharsies is $7 less but if you want to transfer it out into your own CSN as described by Just A Kiwi, add another $5 so not worth the effort.
A trade size of $10000 is exactly the value where ASB Securities compares best against Sharesies on brokerage. As the trade size moves further from the $10000 point, either higher or lower, Sharesies' advantage increases.
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Junior Member
Originally Posted by turnip
Sharesies is doing away with their annual subscription fee from 29 April 2021, but will start charging brokerage on NZ ETFs which are currently brokerage-free.
Should be good news for most Sharesies investors I think, especially smaller ones. Maybe not for those who only invest in NZ ETFs though.
Im probably going against the grain, but I’ve got a small amount of shares over 5 stocks in ASB Securities. If I was to sell these, it would be $30x5 as over $1000. I’m thinking about transferring everything to Sharsies as it now has no monthly costs and when I eventually sell, it would be a fraction of the cost.
is there any reason not to do this?
rhanks - new trader.
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The main reason would be that with Sharesies, your holdings are not registered under your CSN/name. They are held by Sharesies as custodian. There are also still some features missing from Sharesies, which do not appear to be high on their 'to do' list unfortunately. No DRP as yet. You can now take advantage of warrants issues, but Sharesies won't contact you about warrant allocations until close to exercise date - you cannot buy or sell warrants on market via Sharesies.
Right now, I am a little disgruntled with Sharesies. Great platform for buying and selling, so I still use them, but they are dragging the chain on the above, whilst mucking about with things like portfolio design and 2FA, and coming up with half-baked solutions, which, in my humble opinion, are less than ideal.
So, if I were you, I would leave your holdings with ASB Securities, unless you have any intention of selling in the near future, in which case your idea might have merit.
Originally Posted by kiwi-jonno
Im probably going against the grain, but I’ve got a small amount of shares over 5 stocks in ASB Securities. If I was to sell these, it would be $30x5 as over $1000. I’m thinking about transferring everything to Sharsies as it now has no monthly costs and when I eventually sell, it would be a fraction of the cost.
is there any reason not to do this?
rhanks - new trader.
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