over $10,000), but is the most expensive for smaller trades. They have low minimum investment amounts, … Link to free stock. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. This can be helpful in informing you about what price to buy or sell your shares at. There are just too many other factors to consider such as size of your trades, how many regular contributions you’ll make, and how long you hold the shares. Has anyone else used both and has a preference? DRPs are a great way to grow and compound your investment. So Sharesies is actually a great tool to build a simple portfolio. The minimum investment amount with Sharesies remains at a super low $0.01. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. 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 ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. Host name: 104.18.5.170. The content of this article is based on my personal opinion and should not be considered financial advice. The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. 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. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. The analysis will compare the result on different contribution level(low and high contribution) for all three services. 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. ASB's online banking is top notch. You can’t see fundamental company statistics such as. 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. Direct Broking offers the best value fees for big trades (i.e. Today we will have a look at my stock portfolio, mainly because I didn't have another video planned. 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 She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Paying off debt vs investment. 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.”. 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. 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 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 offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. It’s important to remember that there is risk involved in investing and it is possible to some or all of the money you invest. 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! Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). The fees on the iShare funds range from 0.34% to 0.75%. Soon- Sharesies will … Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. Sharesies vs ASB Securities vs Direct Broking vs Hatch. Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. The analysis will compare the result on different contribution level(low and high contribution) for all three services. You cannot invest $20 to buy half a share. 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. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. 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. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). Sharesies vs InvestNow vs Smartshares: Available markets. ASB Securities terms and conditions apply. Brokerage is definitely cheaper with sharesies which is all good. Use of images to improve presentation is perfectly fine. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. 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. Find out more about why we started Sharesies on our blog.. Sign up Welcome to Millennial Fire Kiwi! What happened to Property Crowdfunding in New Zealand? Press J to jump to the feed. A brand new insurance experience! 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. 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. 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. To start viewing messages, select the forum that you want to visit from the selection below. Sharesies shows prices 20 minutes behind live - e.g. Pricing data supplied by ASX and/or NZX. Pricing data supplied by ASX and/or NZX. 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. Here is a balanced portfolio you can easily build with Sharesies. Sign up with this link, and you’ll get a bonus $5 in your account to invest! Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. "for the app crowd". They're slower to process than ASB and the share price shown in the app isn't always up to date so if you are trying to time the market then ASB Securities will be better. I'm a 40-year-old single female. 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. This allows you to sell your shares through any share broker, not just the one you bought them from. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. Pricing data supplied by ASX and/or NZX. You may have to register before you can post: click the register link above to proceed. The $15 fee for <$1000 at ASB Securities would only cost you up to $5 with Sharesies, above $6000 ASB Securities is cheaper in terms of raw fees. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. When you buy shares through Sharesies, you do not get direct ownership of them. 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. 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. There’s a new kid on the block. His fees are:– Sharesies: $575– ASB Securities: $825– Direct Broking: $1,644.50Sharesies is cheaper for Bruce, as the brokerage fees from his regular investments really add up for ASB Securities and Direct Broking. Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? 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. 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