Pricing data supplied by ASX and/or NZX. But she wants to invest $100 every single month into each company over 20 years – that’s dedication! 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. To start viewing messages, select the forum that you want to visit from the selection below. ASB for everyday banking and ANZ for credit card. Given her infrequent investments, the lack of ongoing fees for these two brokers are enough to offset her higher upfront brokerage costs. The fees on the iShare funds range from 0.34% to 0.75%. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. There are three types of investment opportunities with no minimum investment – you decide how much you want to spend, even if that’s as little as 1c. 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. 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). Pricing data supplied by ASX and/or NZX. Brokerage is definitely cheaper with sharesies which is all good. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. 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. Is Sharsies more simple to use? Index Funds are … ASB Securities Limited is an NZX firm. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? Get Quashed, Auckland, New Zealand. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? The analysis will compare the result on different contribution level(low and high contribution) for all three services. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. Press J to jump to the feed. We've partnered with Drivewealth to provide access to US markets. Get Quashed, Auckland, New Zealand. This can be helpful in informing you about what price to buy or sell your shares at. Given I don’t buy or sell shares frequently, this little extra cost is worth it for me. They don’t offer a mobile friendly view either. 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. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. 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). ASB Securities and Direct Broking allows you to buy and sell shares in any of these ~140 companies. Comparing Sharesies vs Investnow vs Hatch vs ASB Securities ... InvestNow | Online Investing | Log In To Your Online Account. With Sharesies, your dividends are always paid as cash into your wallet. However, Sharesies is still a fantastic option for investing in shares. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? Sign up with this link, and you’ll get a bonus $5 in your account to invest! "Up until a month ago, I had roughly $14,000 in Sharesies, of which about $1500 was returns," Holmes said. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Subscribe to get new Money King NZ articles in your inbox. 18:01. The user interface is uncluttered, easy to navigate, and works great on mobile. Because share prices can be volatile, the delay can be problematic as the price of a share could surge, but not be reflected in the price you see on Sharesies. 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. 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. ASB Securities terms and conditions apply. Kiwi Investments 1,710 views. 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. Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. This also means that your shares are held directly in your name on a company’s share registry. As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. Brokers charge brokerage fees on every trade i.e. Today we will have a look at my stock portfolio, mainly because I didn't have another video planned. Invest Now – Invest in Public Transit Now. I'm a 40-year-old single female. 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 Find out more about why we started Sharesies on our blog.. Sign up Where an issuer has not specified a Minimum Holding, then there is no required minimum. Sharesies vs InvestNow vs Smartshares: Available markets. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. Is having the shares not under your name something to be worried about? Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. Sharesies.nz informations. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. 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. By buying shares in one of these companies, you become a shareholder, and own part of the company! if the time is 4.30pm, the prices you are seeing reflect the price the shares were at 4.10pm So, if you look at 5.15pm, the prices can still change up to 5.20pm which is the close of the NZX and all remaining orders are matched Pricing data supplied by ASX and/or NZX. Link to free stock. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. ASB Securities terms and conditions apply. You may have to register before you can post: click the register link above to proceed. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. 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.ASB Securities terms and conditions apply. Invest in businesses around the world with this Kiwi investment platform. IP: 104.18.5.170. 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. Even though she’s incurring a lot of brokerage fees by investing in so many companies, her long investment timeframe makes Sharesies’ subscription fee add up. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. How does it stack up against the traditional share brokers? 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. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. Direct Broking offers the best value fees for big trades (i.e. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. If remembering logins is a hassle you may just want to set up automatic payments? She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. ASB securities has been OK in the past, just a hassle remembering logins etc. Sharesies charges a monthly/annual subscription fee depending on the size of your portfolio: ASB Securities and Direct Broking don’t charge any ongoing fees. Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. There are around 140 individual companies listed on the NZX. The information should never be used without first assessing your own personal and financial situation, and conducting your own research. over $10,000), but is the most expensive for smaller trades. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … ASB Securities Limited is an NZX firm. This review looks at what those options are, how much it costs and where to begin. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. What happened to Property Crowdfunding in New Zealand? It is unclear how Sharesies will handle “corporate actions” on your shares. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … Here is a balanced portfolio you can easily build with Sharesies. There is no guarantee you’ll get the full benefits of being a shareholder like being able to vote on important company issues, or participating in, Brokerage fees to sell your shares, at the end of your investment term. 47 likes. With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. You cannot invest $20 to buy half a share. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. 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%). ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. You may wish to consult with an authorised financial adviser before making any investment decisions. Host name: 104.18.5.170. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. For example, if a Mainfreight share costs $40, you must invest in increments of $40. 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.ASB Securities terms and conditions apply. Sharesies also allows you to invest in all companies, except for: However, these companies are very small, and extremely illiquid (meaning there aren’t many people buying or selling shares in these companies on a day to day basis). The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. IP: 104.18.5.170. 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 Limited is an NZX firm. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. 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.ASB Securities terms and conditions apply. Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. 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. 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. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Although Sharesies is clearly cheaper when it comes to brokerage fees, to work out which broker is cheapest overall, you need to take into account the total cost of owning your shares through each broker. Creation date: Not Available 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. You’ll need to be at least 16 years of age and have an NZ bank account. 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. 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. This feature is standard in other brokers. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. ASB Securities Limited is an NZX firm. For this fund I am assuming a 6% return after costs for all funds. ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. Found this article helpful? 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