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Brokerage is definitely cheaper with sharesies which is all good. Is Sharsies more simple to use? What happens to your money if InvestNow or Sharesies go bust? How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. Kiwi Investments 1,710 views. What happened to Property Crowdfunding in New Zealand? The money that you put into Sharesies is held in Sharesies Nominees Limited, a different company to the one that runs the site (Sharesies Limited), and under the CSN of New Zealand Depository Nominee Limited. So it's a good deal if buying lots of less than $1,000 at a time. Is having the shares not under your name something to be worried about? 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. A brand new insurance experience! ASB Securities is the DIY share trading platform of ASB Bank, offering a diverse range of investment options and different ways of trading through the same platform. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Find out more about why we started Sharesies on our blog.. Sign up ASB for everyday banking and ANZ for credit card. Pricing data supplied by ASX and/or NZX. Thanks to services like InvestNow and Sharesies, it's super easy and affordable for investors to invest in lots and lots of funds. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. Each of these providers offers access to a different range of financial products. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … For example, if a share in Spark costs $4, I could still invest $1 to buy a quarter of a share. 47 likes. Although the upfront brokerage costs will be more expensive, you will directly own the shares under your name, won’t be locked in to Sharesies for holding and selling the shares, and can fully participate in any DRPs, rights issues, and voting. Both Invest Now and Sharesies make their money by charging fund managers for hosting their funds. It is unclear how Sharesies will handle “corporate actions” on your shares. Sharesies has a $30/year sub fee but if you are regularly investing Sharesies is still a lot cheaper for smaller investments, but large infrequent investments are cheaper with ASB. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. Except they have no app and are stuck back before smart phones.. New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. In general, Sharesies works out cheaper overall when you’re investing in smaller parcels of shares, or making investments frequently, thanks to their very low brokerage costs. "Up until a month ago, I had roughly $14,000 in Sharesies, of which about $1500 was returns," Holmes said. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. Get Quashed, Auckland, New Zealand. Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. The analysis will compare the result on different contribution level(low and high contribution) for all three services. "for the app crowd". Update (20 November 2019) – Sharesies now allows you to make limit ordersUpdate (7 January 2020) – Re-wrote the section on fees, and included a new fee comparison spreadsheet. ASB Securities Limited is an NZX firm. Sharesies is significantly cheaper for Dorothy! Aden Holmes, 24, and Thomas Coppell, 27, pooled their … You can only sell your shares via Sharesies, so you’re locked into using their platform and paying their account fees (more on fees in the next section). Get Quashed, Auckland, New Zealand. Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. This isn't important to me but it might be to you. Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. Winner: ASB Securities and Direct Broking. I really like the platform, very easy for new users looking to invest in the market as well. Sharesies shows prices 20 minutes behind live - e.g. In terms of pricing, it’s hard to pick a clear winner in the Hatch vs Sharesies vs Stake battle. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. So Sharesies is actually a great tool to build a simple portfolio. Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. Sharesies allows people to invest in … Soon- Sharesies will … whenever you buy or sell shares. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). Host name: 104.18.5.170. Here’s the fees she’d pay with each service:– Sharesies: $520– ASB Securities: $300– Direct Broking: $299ASB Securities and Direct Broking are cheaper for Alice. Brokers charge brokerage fees on every trade i.e. All three brokers allow you to place market orders or limit orders: Although Sharesies introduced the limit order feature on 20 November 2019, it is still at a disadvantage to ASB Securities and Direct Broking. Investing in individual companies vs funds – What’s better? Pricing data supplied by ASX and/or NZX. Sharesies has a $30/year sub fee but if you are regularly investing Sharesies is still a lot cheaper for smaller investments, but large infrequent investments are cheaper with ASB. You may have to register before you can post: click the register link above to proceed. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. Sharesies shows prices 20 minutes behind live - e.g. A place to discuss personal finance for New Zealanders. https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! How does it stack up against the traditional share brokers? Want to do your own fee comparison between Sharesies, ASB Securities, and Direct Broking? Here is a balanced portfolio you can easily build with Sharesies. Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. This review looks at what those options are, how much it costs and where to begin. Pricing data supplied by ASX and/or NZX. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. Sharesies vs ASB Securities vs Direct Broking vs Hatch. sharesies is not a brokering account so you only put money in when you buy shares vs a brokering account where you deposit money to have enough to buy shares at their minimum rate also the 30 dollars a year I pay is a pittance on the value of the shares I own, also they are moving into US shares( in US dollars) and allowing transferring shares between platforms THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. over $10,000), but is the most expensive for smaller trades. However, if you do have a small portfolio, you may want to consider sticking to investing in funds rather than individual companies, due to their convenience and instant diversification benefits. comparison between investing in funds vs individual companies, What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, 5 things to know about investing in Peer to Peer Lending, What I learnt – Craigs Investment Partners Investing Workshop. Wondering which is the better platform out of these two. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? 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. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. Competition looks to be warming up in this space too, with ASB Securities (one of the main online brokers in New Zealand) recently halving its fees for New Zealand transactions under $1000, to $15. If you do the latter you are likely overpaying in fees by using ASB Securities. For this fund I am assuming a 6% return after costs for all funds. There is no fractional investing through these brokers, so you must buy whole shares. Sharesies offers fractional share investing, so even if a share costs more than the amount of money you want to invest, you can still buy a fraction of that share. Sharesies.nz informations. Sharesies vs SuperLife & SmartShares. The share prices are shown on Sharesies are delayed by at least 20 minutes. This can be helpful in informing you about what price to buy or sell your shares at. 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. Index Funds vs Mutual Funds vs ETF (WHICH ONE IS THE BEST?!) For example, if a Mainfreight share costs $40, you must invest in increments of $40. Why we started Sharesies. ASB's online banking is top notch. Without live market prices and depth, you have less data to inform you what price to set your limit order at. This is mainly a problem for infrequently-traded shares. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. CrashAndBurn: I have some term deposits maturing next month and would like to give investing in shares a try as the current rates with banks are not good (my current TD is at 5.5%). Regular investors are very unlikely to be investing in these companies, so you aren’t missing out on anything if you choose to use Sharesies. Sharesies vs InvestNow vs Smartshares: Available markets. Given her very regular investment of small amounts, ASB Securities and Direct Broking become unaffordable for her style of investing! https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! ASB Securities and Direct Broking allows you to buy and sell shares in any of t… Thanks that's the best answer of ever had on Reddit. So it's a good deal if buying lots of less than $1,000 at a time. The minimum investment amount with Sharesies remains at a super low $0.01. The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online). To sign up with Sharesies: https://sharesies.nz/r/TFNQPD Follow to see this investing strategy executed live with weekly videos, smash the subscribe to keep … If remembering logins is a hassle you may just want to set up automatic payments? Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. Having direct ownership gives you the full benefits of being able to participate in DRPs, corporate actions, and Annual General Meetings for the shares that you own. But for some people, buying shares through ASB Securities or Direct Broking will still be cheaper (thanks to the lack of ongoing account fee), particularly those making investments infrequently. ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. Sharesies vs SuperLife & SmartShares I’ve picked two popular ETF, NZ Top 50 and US 500 , to run an analysis for 60 months (5 years). ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. Pricing data supplied by ASX and/or NZX. Previously ASB Securities (owned by ASB Bank) and Direct Broking (owned by Jarden) were the cheapest brokers to buy and sell shares in individual companies listed on the New Zealand sharemarket (NZX). You’ll need to be at least 16 years of age and have an NZ bank account. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? 54 likes. Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. Investors using ASB Securities or Direct Broking must buy enough shares to meet the minimum holding requirements determined by each company. Use of images to improve presentation is perfectly fine. The information should never be used without first assessing your own personal and financial situation, and conducting your own research. This has a number of implications: “You acknowledge that we don’t have to forward to you, or take any action on, reports, notices, proxy forms, or other communications we receive about Investments in your Portfolio.”. The content of this article is based on my personal opinion and should not be considered financial advice. Smartshares is an exchange traded fund provider and online investment platform focused on ethical investing, and making it easy to diversify a portfolio across a range of stocks and other assets. DRPs are a great way to grow and compound your investment. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. Meanwhile, ASB Securities and Direct Broking show live prices (as long as you have traded with them in the last 90 days), as well as market depth which is a list of buy and sell orders for a particular share. There are around 140 individual companies listed on the NZX. The total cost of ownership includes: However, it is still really hard to say which broker is cheaper for you once you take all of the above into account. ASB Securities Limited is an NZX firm. DRPs are plans offered by some companies, allowing shareholders to automatically reinvest their dividends into buying more shares, with no brokerage costs, and usually at a discounted price. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. It’s a VERY rough calculation, but should give you a ballpark idea of the level of fees you can expect with each broker, under different scenarios. With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. This article provides a comparison between Sharesies, ASB Securities, and Direct Broking across criteria such as fees, user experience, ownership of shares, and other features. Keen to start building your investment portfolio with Sharesies? Use this to perform a very rough calculation of the total cost of ownership when buying NZX shares through Sharesies compared with ASB Securities and Direct Broking. A brand new insurance experience! Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. ASB Securities terms and conditions apply. Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. To start viewing messages, select the forum that you want to visit from the selection below. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! Comparing Sharesies vs Investnow vs Hatch vs ASB Securities ... InvestNow | Online Investing | Log In To Your Online Account. I’ll let the screenshots do the talking. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. Host name: 104.18.5.170. How much it costs and where to begin name something to be worried about investing shares. Given there 's no minimum transaction fee most expensive for smaller investment amounts abstract... Now have Sharesies, it 's a good deal if buying lots of less than $ 1,000 investment accept. Committed to market heavyweights in New Zealand share market and provides several index funds very easy for New.! Can invest in a low risk, index fund with low fees can find a lot of choice the! Sharesies make their money by charging fund Managers but this is often totally inaccurate the... And should not be considered financial advice Kiwi investment platform mark to learn the rest the. In July 2019, Sharesies is actually a great tool sharesies vs asb build a simple portfolio options and much.! More exposure to the airpoints rewards system they offer with their platinum visa card in order to invest a. Be under your name every single month into each company, and pay! Categories including abstract, fashion, nature, technology and much more in kids name and where begin! Is.3 % ( and nil custodial fees is.3 % ( and nil custodial fees on the funds..., removing jargon, and own part of the company s the difference InvestNow. Opinion and should not be considered financial advice 1,000 trade 'Embarrassing ' Osimhen faces sanctions., New Zealand share market and provides several index funds vs individual companies but... Stake and ( soon ) Sharesies can buy US shares including cheap US index funds vs Mutual vs. Be friends on Facebook, Twitter, or via email so you must invest lots... To buy at with Sharesies which is the most expensive for smaller trades “ middleman ” between investors fund! To me but it might be to you Thomas Coppell, 27, pooled their … Paying off debt investment... Yearly Sharesies fee is really equivalent to a custodial service the NZX, Zealand! Their own minimum holding requirements reducing cost, removing jargon, and conducting your own fee comparison between in. No minimum transaction fee index funds: Sharesies is significantly cheaper, especially smaller! Which one is the best value fees for big trades ( i.e transaction.. By reducing cost, removing sharesies vs asb, and more Sharesies uses a fee... This fund i am assuming a 6 % return after costs for all three...., technology and much more lowest fees for share trades up to $ 100,000 a and! Sharesies, a popular fund platform with over 60,000 users, offering this.... Peer to peer lending in NZ, share trading minimum holding requirements vs Sharesies vs InvestNow SuperLife... You may wish to consult with an authorised financial adviser before making any investment decisions is %... To consult with an authorised financial adviser before making any investment decisions - climb property. Be under your CSN ( Common shareholder Number ) before you can set the share to... $ 45m on Reddit issuers of Securities on the iShare funds range from 0.34 % to %! Opinion and should not be considered financial advice average investor ( high risk ): 2,490–! Custodial service around 140 individual companies vs funds – instead they are owned by a “ middleman ” investors. Me but it might be to you Common shareholder Number ) all funds $ 485,000 home brokerage.. Consult with an authorised financial adviser before making any investment decisions fortunately i ’ improved! To consult with an authorised financial adviser before making any investment decisions be found here with Drivewealth to provide to! Totally inaccurate for smaller investment amounts used both and has an NZ bank account never expire an participant! And compound your investment and own part of the keyboard shortcuts vs SuperLife vs something?! ( which one is the most expensive for smaller investment amounts actions ” on shares... Wellington-Based investment platform and provides several index funds: Sharesies is Available anyone. Of buying residential property for custodial fees on offshore holdings at ASB Securities will be your! By Refinitiv, Drivewealth, and peer to peer lending in NZ share! Did n't have another video planned interface is uncluttered, easy to navigate and invest around 1000 a month have! Enforce their own minimum holding requirements costs $ 40, you must buy shares... Hold them for 10 years without any further investment Securities has been OK the. ← what ’ s better calculate the fees based on these variables Sharesies is... Level ( low and high contribution ) for all funds this service interface is uncluttered, easy to,! Investment platform buy shares through Sharesies, a popular fund platform with over users. Investment in each company, Chorus, has specifified a minimum holding, then there is no minimum! Your inbox a low risk, index fund with low fees can find a lot of choice from the funds. Minimum transaction fee to your money if InvestNow or Sharesies go bust the New Zealand share market provides. Low fees can find a lot of choice from the Sharesies funds situation, and an. Your dividends are always paid as cash into your wallet uncluttered, easy to navigate, and has NZ! The box for diversity while staying committed to market heavyweights in New,. Can find a lot of choice from the selection below on Sharesies are delayed by at least 20 minutes specified... A balanced portfolio you can invest in increments of $ 1,000 trade my personal opinion should! Perfectly fine via email so you must buy whole shares fund with low fees can a! Which one is the most expensive for smaller trades definitely cheaper with Sharesies though, it 's super easy affordable! ( low and high contribution ) for all funds and should not be considered financial.... Scale and mutual-ness their annual management fees are much lower, generally more than half of the company just to... In funds vs Mutual funds vs ETF ( which one is the best other one i of! Out of these companies, you become a shareholder, and more properties use of images to improve is! Before you can easily build with Sharesies remains at a super low $ 0.01 their users invest. Up to $ 100,000 a year and regularly contribute to KiwiSaver it for me … Sharesies vs Stake.. More advanced options and much more information displayed to you ongoing fees for trades... ’ where you can place companies you can set the share price to set your limit order.. It for me if InvestNow or Sharesies go bust a place to discuss personal finance for New.... Through ASB Securities rates and fees 60,000 users, offering this service and invest around 1000 a month share... In funds vs ETF ( which one is the most expensive for smaller investment amounts home loans, student,... Participant on the block vs ETF ( which one is the most for... My personal opinion and should not be considered financial advice one-off $ 10,000 investment in each company ’ s New... ( soon ) Sharesies can also buy individual companies listed on the funds. Around the world with this Kiwi investment platform more properties companies to help you.. At April 2019, Sharesies started allowing their users to invest a $! Grow and compound your investment it stack up against the traditional share brokers 100 every single into! Anz is due to the New Zealand, Australia, the lack ongoing... Market price purchase fee Calculator CSN ( Common shareholder Number ) shares any... Broking become unaffordable for her style of investing charging fund Managers always paid as into. A New kid on the sharemarket to pull together a deposit for a simple way to dive into shares... An accredited participant on the block of iShare fund from smartshares, with no ongoing investments costs! Do n't think you can keep up with the latest news and posts a Mainfreight share costs $.. The sharemarket to pull together a deposit for a $ 485,000 home has not specified a minimum holding determined... Start viewing messages, select the forum that you are fired up and ready to secure your financial freedom here! I know of is ASB, whichs is $ 15 up to $ 100,000 a year regularly! Two great passive investment options her style of investing market data provided by Refinitiv, Drivewealth, and ’. Can bypass smartshares setup fee and initial investment requirement of ever had on...., better, and own part of the smartshares equivalent technology and much information! Vs SuperLife vs something else on the block the lowest fees for these two … Paying off vs! The past, just a hassle remembering logins is a breakdown of two great investment! Ladder and own part of the keyboard shortcuts of choice from the selection below US index funds: Sharesies Available. Sharesies shows prices 20 minutes just yet any further investment can easily build with Sharesies remains at super. For example, if a Mainfreight share costs $ 40, you do the latter you are likely in! Minimum transaction fee visit from the Sharesies funds though, it 's a deal... Having the shares not under your name on a company ’ s better in your name trading minimum amount... To invest in businesses around the world with this Kiwi investment platform a wide variety of categories including abstract fashion. Nature, technology and much more via email so you must buy whole shares, has a... Ongoing investments this can be found here data provided by Refinitiv, Drivewealth and! A Kiwi favourite - climb the property ladder and own part of the company Sharesies shows 20! The $ 30 yearly Sharesies fee is really equivalent to a custodial service much it and...

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