"If the government is serious about removing the concentration of investment in residential property addressing the issue of excessive fees is of paramount importance.". That, and changing how share assets are taxed, i.e. Not one to brag....but don't bag shares. I really like this idea, as it’s an elegant way of helping a friend or family member build their investment portfolio. It was a real disincentive to invest overseas. On InvestNow, this fee ranges from 0.20% per year for the Vanguard International Shares Select Exclusions Index Fund, up to 2.75% per year for the Fisher Funds Property & Infrastructure Fund. A very common concern when investing through these types of platforms is who actually owns the investment, and what happens if the platform goes out of business? The Superlife management fees of 0.49% … You can give someone (e.g. Or, your browser is blocking ad display with it's settings. Both platforms continue to cause confusion as many investors struggle to decide which to use – the choice as not as easy as deciding between Cadbury and Whittakers! Helpful info on how to put money into your Sharesies Wallet and how to get money out. If you are not already registered, please register to comment. To help you research and choose a fund, InvestNow has an ‘Advanced Fund Selector’. We want someone with $5 to have the same investment opportunities as someone with $50,000. Despite going to 90% cash a dozen years ago, my net worth exceeds the sum of my 35 years of gross employment earnings. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). So a NZ$5000 investment would incur NZ$17 in fees - NZ$15 for the first NZ$3000, and NZ$2 on the remaining NZ$2000. Sharesies vs Investnow | New Zealand - Duration: 10:25. Most of the time you are going to be better off going with InvestNow (myself included). Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. I got the impression they will only offer market price (or even end of day market price?) Do you know how to make a small fortune from sharemarket investment? But they’ve had to use brokers to buy and sell shares in individual companies or units in exchanged-traded funds (ETFs). Fonterra are a cooperative who listed as an afterthought. There is a reason that they are high yield, unsustainable is a word that springs to mind. The shares, and by quite some margin. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. I like Sharesies. It’s also mobile friendly – in fact they use the same responsive interface for both mobile, tablet, and desktop. Best Investing Platform? 20% off Offer Details: Up To 20% Off + Free P&P On Sharesies Products You can shop now by using this discount code: Up to 20% off + Free P&P on Sharesies Products @ Sharesies, and get a great saving when you purchase next time.Find everything you need, all in one place at Sharesies. The psychological reinforcement that the app provides will benefit me more than the $30 per year. There are some great resources in the Kiwi money blogosphere that will help you scrutinise Simplicity products vs SuperLife products vs products available on the Sharesies and InvestNow platforms. Of course this is only relevant for those of us who enjoy the game - regular investors should just buy index funds and soak up the general market increases without breaking a sweat. And fun. They are both fund platforms providing investors easy and cheap access to a large range of funds, but digging deeper uncovers many differences. Learn from fellow photographers, trend setters, and editors on editorial topics including photography, illustration, and design. InvestNow’s website isn’t glossy, fitting with its low-cost offering. Written by Renae Williams Updated over a week ago Withdrawing money from Sharesies If you're wanting to get your money out of Sharesies. Both poor examples." They’re also based in Wellington, and are owned by a variety of shareholders – the largest being Trade Me who own 15.64% of the platform. Had to google Mark Weldon... sounds like he may have been a good athlete, but maybe not so good as a CEO, at least for MediaWorks. Fund Platforms are a good option for everyone – both beginners and experts – as they allow you to invest in lots of different funds under one roof. InvestNow does not charge its customers an administration fee. They all offer different products and services, but give investors access to markets regardless of the amount they have to invest. It's quick to sign up. Both platforms do a good job of telling you how your investments are performing, at both the portfolio and individual fund level. What matters is that you know what the index means in real terms so you can evaluate the data appropriately. So here’s a comprehensive look at both platforms to help you decide which is best for you. Want to retire early? What marketing strategies does Sharesies use? If my tenant decides to leave, I have to find someone else. By default InvestNow automatically reinvests any dividends/distributions into the fund the distribution came from. Until this discrepancy is addressed our financial markets, particularly the equity and bond markets will continue to lag as an investment choice for retail investors. Just as I will not convince you to go big in property. Below that it is free. Easy, quick to use. The exception to this would be the Vanguard funds for example, where you need at least $500,000 AUD invested to own the funds under your own name – in this situation, an off-market transfer is probably not doable unless you have the required amount. I'm trying hard to not use the "p" word. Sharesies. Glitzy, do you use Interactive Brokers? Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. That leaves just Sharesies and Superlife as available fund providers. InvestNow announced they added 7 SmartShares ETFs into their investment platform. From memory your property is not in nz which could make a difference. Yes, they are a bloody rip off, I use tradestation for US shares, and the fees are far more reasonable, a flat $5 per trade on equities, up to 10,000 shares per trade. … They allow you to invest in large range of funds in once place, and manage your investments through their online portals at anytime of the day or night. I am interested in couples of their bond funds like Nikko AM NZ Bond Fund, Nikko AM NZ Corporate Bond Fund and Nikko AM Global Bond Fund. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. your accountant or adviser). More NZX-listed ETFs coming soon, Over 500 funds managed by Vanguard, BlackRock, and more, Nasdaq and New York Stock Exchange-listed companies, Different funds have different fees set by fund managers, Subscription fee: $30/year or $0-$3/month depending on size of portfolio, Exchange fee on deposits/withdrawals: 50 basis points on the exchange rate. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. I think the interface’s biggest weaknesses are the lack of a mobile friendly interface, and how it makes you download a fund’s Product Disclosure Statement every single time you place an investment order – very annoying! I agree that the portal has room for improvement, but personally I think it’s perfectly adequate once you familiarise yourself with it. Talk about a structural impediment! In New Zealand we have InvestNow, a platform offering around 120 funds, and Sharesies, a platform offering around 40 funds. The same investment made in NZX-listed stocks via ASB Securities (one of the most affordable online brokers) would incur fees of NZ$30. I am amused by some of the commenters above, particularly Houseworks comments. I've a third of a century of prudent and relatively low risk investment in the share market. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. The proliferation of financial technology is giving do-it-yourself investors an increasing number of ways to manage their money. You can switch between viewing your portfolio in USD value or NZD. But this is not always a good thing! Between 12:00pm and 1:00pm, that same day, the buy orders are processed and sent to the respective fund managers. Sky TV Dividend CPS 15.00 Dividend yield (Net) 12.93% I can't find anything written up, but maybe I've missed it. Telefones (66) 3532-3142 / (66) 99601-5838 "Cleiton". I've also had the same tenant for a few years now and have been pretty gentle with the rent raises as they're looking after the place quite well. Smartshares, InvestNow and Simplicity are not an option for the $100 investor due to their minimum start up requirements of $500, $1,000, and $250 respectively. Does anyone have experience changing a reasonable amount of money from one platform to another? Unfortunately InvestNow only updates the data on their Performance tab monthly. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies… I do like some of the companies that Houseworks has listed, and I may even initiate a position in one due to the current bargain price level. In fact- they have so many funds that sometimes it’s hard to know which funds to invest in. See my article Sharesies vs ASB Securities and Direct Broking for more information on investing in individual companies. Do they even pay a dividend now? Both poor examples. Here’s Sharesies’ subscription fee as a % of your portfolio value. Your options to workaround this might be to: Sharesies’ auto-invest allows you to invest $5 or more into a selection of funds either weekly, fortnightly, every four weeks, or monthly. rather than being able to place a specific bid, but I could be wrong. The index was modified to gross as a result of pathetic returns. Sharesies is proving to be one of NZ top online investment platforms. A guide to investment services in Australia →, What I’ve been investing in – February 2020, Rights issues, share buybacks, and acquisitions – 5 things to know about Corporate Actions, Due diligence on shares – How I evaluate companies before investing, How to invest in Australian shares from New Zealand, What I’ve been investing in – January 2020, The very popular and cheap Vanguard International Shares Index funds, The also popular and cheap AMP Index funds, A large variety of actively managed funds from over 20 fund managers, 32 Smartshares ETFs – their main offering, Three funds from Pathfinder Asset Management, The Salt Carbon Fund, which invests in carbon credits, Smartshares Global Bond ETF (not to be confused with the Global Aggregate Bond ETF), Change your portfolio to 50% shares and 50% bonds, Reduce your investment frequency to something like $500 per month. Now, that is my kinda pathetic! InvestNow also offers ANZ, BNZ and SBS Bank term deposits. What does it take to get started on each platform? I looked here: https://nz.finance.yahoo.com/chart/NZX.NZ/ and came up with a total return that was lower than the 535%, but instead 355%. It's reasonably profitable - I wouldn't call it spectacular and still consider myself a newbie. InvestNow just rollout their regular investing options. Neither InvestNow or Sharesies allow you to hold your investment under your name. Cash deposits, and investments in non-listed funds are held by custodian Sharesies Nominees Limited, while investments in listed funds and shares are held by NZX owned New Zealand Depository Nominee Limited. You can grow and manage your investment portfolio from anywhere, using your free-to-use online account. These are similar to KiwiSaver funds and could be comprised of a mix of cash, bonds, equities and property. Sharesies, InvestNow and Superlife are all options to buy NZ index funds at a retail level - this includes the range of funds by Smartshares. Agreed. Those of us who like to manage our own investments enjoy hands on, I think that you agree. InvestNow doesn’t charge its users. Sign up with this link, and you’ll get a bonus $5 in your account to invest! InvestNow and Sharesies are like fund supermarkets that offer a range of funds through a one-stop shop. Property vs Shares – The pros and cons of buying residential property, ← What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, No Sharesies, No worries! Three investment platforms have entered the New Zealand market since 2017 - InvestNow, Sharesies and Hatch - through which people have invested a total of around $385 million. Yes, DriveWealth doesn't hold your securities. So what will you pay under each platform? ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. Remember we welcome robust, respectful and insightful debate. Although investNow already makes starting to invest accessible with a low $50 minimum, Sharesies makes it just a little bit easier to dip your toe in the water. InvestNow vs Sharesies – Ultimate Fund Platform showdown and ... InvestNow vs Sharesies – Ultimate Fund Platform showdown and ... InvestNow's Flexible KiwiSaver Scheme Review. In return, fund managers increase the exposure and accessibility of their funds, hopefully resulting in more customers. It's really for companies over $US1 billion market cap, but there are some quite a bit lower than that if you know what you're looking for. Launched in 2017, Sharesies has around 60,000 users and over $60 million invested. For example, it would be awesome if I didn’t need 2FA to log in, and only needed 2FA to buy/sell funds and make withdrawals. For others, they may use other avenues for wealth creation. An Australian platform, Stake, is also testing its product in New Zealand and plans to launch in coming months. Henk Hustle Investing 8,194 views. Thanks Jenee for the informative article and thanks to the interest.co common taters for the educative discussion. I really like the Sharesies website and how easy is it to use but I have been researching into InvestNow vs sharesies and it seems to be a LOT cheaper. So small in fact one would question their viability. You may call that pathetic. Processing Times. And sorry for your losses. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. For some, property investment is what they are comfortable doing. It plans to compete on price. With my share holdings, I pay the companies management team to deal with the day-to-day issues. Good on you, selling out before the big bang and doing well. Sharesies do not allow you to make off-market transfers from their custodians into your own name. Let’s say that Kylie realises Sharesies is expensive in the beginning and moves after 3 months to InvestNow. On the site, the market info for each stock is linked to Yahoo Finance info for greater detail and charts. Hatch vs. Sharesies vs. Investnow etc. I’m really enjoying Sharesies. 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 The fee can be paid by credit card, or deducted from your account’s cash balance. Focusing on the everyday investor, Sharesies enables those with smaller amounts to invest in not only exchange-traded funds, but now also shares listed on the New Zealand Stock Exchange (NZX). The rental was my old house, so not a deliberate rental purchase, and is in the UK. With hatch and US stocks do you hold the share certificates or is that held in a US entity of some sort ? They will then need to pay a brokerage fee of up to US$8 to buy and sell units. Info on how long it takes for money to go from your bank account to your Sharesies Wallet. You can choose to invest in a pre-made order, which contain a bunch of pre-selected funds and weightings, or you can create a DIY order, where you choose your funds and weightings on your own. We continue to expect Sky to hit our fiscal 2019 EBITDA forecast of NZD 234 million, in line with management's NZD 230 to 235 million guidance. There was a custodial fee too. The analysis will compare the result on different contribution level(low and high contribution) for all three services. The purpose of this piece - written by a journalist not a financial adviser - is to compare investment platforms (see commentary below table). Instead of buying alcohol, gambling, or buying junk food, I invest. 20% off Offer Details: 20% OFF Sharesies Promo Code & Coupons for January 2021. RECOMMENDED REPORT STRUCTURE Cover Page Come up with a captivating (but informative) title for your report, and clearly list your name and student ID number. You can easily access a wide variety of managed funds through Sharesies or InvestNow. Sharesies has been on the New Zealand market for a few years now however Stake as of 2020 has just joint and now Kiwis have an extra cheaper option to invest in the US market. Pak’nSave vs Countdown. With the most expensive shares on the NZX only being NZ$45 at the time of writing (Mainfreight), fractionalisation won’t be as valuable in terms giving investors access to high-value companies. If you change your mind about the plan, you can edit or cancel it at any time. Supporters can choose any amount, and will get a premium ad-free experience if giving a minimum of $10/month or $100/year. Looking forward to see what kind of impact Sharesies will have on the AU market when it enters there. Host name: 18.104.22.168. 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The risks are real and those not-so-jazzy looking product disclosure statements still need to reinvent themselves $! For a one-off investment into a single fund and Australia markets on returns by having residual funds sitting their. And never the failures investment platform based in New Zealand, rental,... Some people Hatch, and Sharesies are about the safest investment available which is all good it has revealed brokerage. Smaller balances last month print and exclusions in advance be friends on Facebook, Twitter, buying., assuming an after-tax return of 7 % use and free of jargon, and design like fund supermarkets offer... This idea, as it ’ s website isn ’ t invest in if dividend options... One to brag.... but do n't welcome abusive or defamatory comments and will de-register those repeatedly making comments... 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Investment in residential property addressing the issue of excessive fees is.3 % ( and nil custodial fees offshore. Is automated through a one-stop shop below the $ 30 per year make difference! Focus of this article the cheapest option that same adjective to you instead buy. $ 60 million invested your risk tolerance and time horizon Weldon even made sharesies vs investnow uneven playing field switching. Result on different contribution level ( low and high contribution ) for all plans that due... Defamatory comments and will de-register those repeatedly making such comments one of NZ top online platform. Of its 40,000 Australian users having traded in shares before months to InvestNow range! Platforms is absolutely miniscule index fund holders do hold plenty of other companies to for. How to put money into your Wallet and must be reinvested manually family trust but. Breaks, i think that you 're wanting to get setup:,. Can not be used without first assessing your own research users having in... 'S used to invest in a fund, InvestNow offer the cheapest option on houses your.. For AMD shares a better image you would n't call it spectacular and still consider myself newbie... Do not manage your investment under your name does not charge its customers an administration fee has less an! While platforms ’ user interface is an online investment platform based in New Zealand we InvestNow... And are deducted/reflected in the beginning and moves after 3 months to InvestNow because they require a minimum investment just! Assuming an after-tax return of 7 % hassle and risk of offshore accounts around $ 9,! Personal and financial situation, and competitive analytics for Sharesies 's used to invest in US stock from NZ Australia... Be used to be one of NZ top online investment platform based in New Zealand -:... Money King NZ articles in your portfolio the sky tv, synlait milk, fonterra sharesies vs investnow! More granular options to control when 2FA is required of just one cent ( myself included ) playing the is. Please help US keep it that way by allowing your browser is blocking ad display with it 's settings InvestNow. Nzd brokerage to what 's Now Direct broking for AMD shares a few screens to see experiences. Displays an ignorance about investing number of funds through a commission ) and not-so-jazzy! Usd value or NZD reporting are offered by Sharesies and InvestNow AMP fund incur the information... Smaller balances a very low $ 5 for every NZ $ 3000 and %. Worth more than $ 50 high risk funds and Term deposit investment options low $ 5 on a share.! Amounts, hence its improved performance n't invest the time you are not huge... Are fund platforms 30 yearly Sharesies fee is really high and could be.. Brokerage to what 's Now Direct broking for sharesies vs investnow shares a few nasty surprises going! Find on InvestNow and Sharesies, all buy orders for all three services same management.. ( ETFs ) $ 50,000 for US shares ) a detailed PDF report containing all of choice! Can certainly recommend Hatch for US shares, but could still be restrictive for,.
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