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Originally Posted by couta1
If you want to do any significant amount of trading, forget Sharesies, totally not up to the job.
That I will agree with. Their order execution is a lot to be desired. But for a buy/hold proponent and building a portfolio it is great. They also give you a tax summary at year end with all I/C's, RWT paid, Gross Div amounts etc. Something Computershare and Link charge you for.
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Member
Originally Posted by blackcap
That I will agree with. Their order execution is a lot to be desired. But for a buy/hold proponent and building a portfolio it is great. They also give you a tax summary at year end with all I/C's, RWT paid, Gross Div amounts etc. Something Computershare and Link charge you for.
Whilst for a combined single document summary it costs, it is still free and easy to do for each individual stock to get the tax details you need (dividends/rwt etc) at the registry.
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Originally Posted by Norwest
Whilst for a combined single document summary it costs, it is still free and easy to do for each individual stock to get the tax details you need (dividends/rwt etc) at the registry.
Yes it is easy enough, but if you have 35 share divided between computershare and link, with some issuing quarterly dividends it can take quite a bit of time to collate.
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Originally Posted by blackcap
Yes it is easy enough, but if you have 35 share divided between computershare and link, with some issuing quarterly dividends it can take quite a bit of time to collate.
If you sign into your IRD account the taxable ones all appear there.
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Member
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.
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Thumbs up to Sharesies for this. They always said they wanted to be able to scrap the account fee so very happy to see them achieve this. Unless one is heavily invested in ETFs, this will be a positive for most people.
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.
Last edited by justakiwi; 17-04-2021 at 01:34 PM.
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Originally Posted by justakiwi
Thumbs up to Sharesies for this. They always said they wanted to be able to scrap the account fee so very happy to see them achieve this. Unless one is heavily invested in ETFs, this will be a positive for most people.
Only if you call $6000 heavily invested. I was thinking of leaving sharesies for a while but the convenience and no ETF fees were keeping me there. Now I have to sell my ETF's and move them elsewhere which is probably going to be a first step in leaving.
This is calculated move to make more money in future as the balances of those small investors slowly rise. Love the excited email they sent though.
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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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Originally Posted by 777
If you sign into your IRD account the taxable ones all appear there.
Which IRD account?
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