Sharsies vs ASB

[justakiwi]

I am now using Sharesies differently than I was initially. I have transferred my two largest holdings (companies) out of Sharesies now, as I am not intending to add to either of them, other than by way of DRP. So no need for me to keep them in Sharesies. The 4 holdings I still have there are ones I intend to add to until they reach a certain level. I will then move those out too. Sharesies is still the only affordable way for me to buy companies or ETFs, so is now more or less just a “tool” I use for that purpose.

EDIT: Just did a “dummy” transfer without confirming it - my ETF shows up on the list of holdings “available to transfer” - so you should be able to do this if you want. You will need a CSN and FIN if you don’t already have one. Easiest way is to just sign up with ASB securities and they will sort it for you.

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.