Smartshares has $2.1 billion under management, with $1.4 billion of this coming from its SuperLife funds. The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month â¦ Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Superlife managed fund have different names, like SuperLife 30 or SuperLife 80. Youâll need to be at least 16 years of age and have an NZ bank account. I don’t mind about the $30 admin fee if that what’s it take for a newbie to start investing for their future. I believe that was an old offering. Sharesies is rolling out their trial run (a.k.a beta) investments options couple weeks ago. martshares, 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. Wat. That would be ideal to mix with those Vanguard funds to create a balanced portfolio. The 5-years different is $135.81, 8.4%. You can set up a Kids Account for someone under 18, but it will need to be linked to an adultâs account. Find out more. I found the cheapest diversified fund aligned with my risk appetite, and my focus goes on shovelling money in to it. PS. 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. There are also no brokerage fees and free withdrawals at any time, and any amount. InvestNow vs Sharesies . That’s awesome, thank you. SuperLife makes the pension transfer process as simple as possible, so you can focus on your investment objectives. SuperLife invests the money the day of the contribution. Check out the screenshots below. SuperLife, on the other hand, as my best pick for portfolio builder in New Zealand can easily build the same portfolio. If we try to do something similar in Sharesies, like a simplified version, it will cost more in fees. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. So they can’t get tax benefits on their low income. I would say the Sharesies beta cannot build a portfolio at Simplicity level. If Iâm being more charitable to myself, I try to write content on this blog that is evergreen. If you want a managed fund with low initial investment, go with SuperLife 30/60/80/100 or age step. Sharesies vs SuperLife & SmartShares. Ethical KiwiSaver and non-KiwiSaver funds. Superlife 30 will aim to hold around 30% of growth asset and 70% of income asset in the portfolio. Also beats InvestNow. So Sharesies is a great way for beginner investor to invest in a small amount into many low-cost, diversified ETFs. ( Log Out / Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. Offer Details: Sharesies actually let you invest as little $5. Jo. "I personally like the TWF fund, so that is why I won’t be choosing to pay less for the AMP or Vanguard funds. They exclude unethical companies and i’m not willing to sacrifice performance for ethical reasons. The main selling point of Sharesies is by paying a $30 annual fee, an investor can invest into multiple investments with the minimum at just $5. So excited! How do ETFs and managed PIE funds compare in your view? Basically which platform do you use and why? Or perhaps, should I consider investing through our family trust all in one lump sum and therefore maybe look at Simplicity as well ($15,000) I have about $5k for each child ready to invest, so I really appreciate this article you wrote!!! Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. This is more interesting as Sharesies have a lower management (0.31%) cost compare to Superlife (0.44%). I invested money in Milford Unit Trust PIE Funds (mainly growth) and have been doing rather well! Find out more. In comparison, SmartShares ETF initial investment is $500, set up cost is $30/ETF and monthly contribution minimum is $50. Also, there is a $20 credit for the early Beta investor. ( Log Out / â¦ Buy shares on the ASX. https://www.yourmoneyblueprint.co.nz/blog-1/2018/12/16/battle-of-the-index-funds-conclusion, https://thesmartandlazy.com/2017/03/16/compare-etf-cost-between-superlife-and-smartshares/. One of their mission is to make investment fun, easy and affordable. We increased the contribution to $50/month, put $500 as an initial investment and include SmartShares into the mix. Hi there, we are looking to invest around 10,000 for our three kids in each of their names. Investing. I’ve been looking mostly into InvestNow and am pretty happy with them especially with Vanguard. They will accept under 18 to be on their service. 502 posts Ultimate Geek # 240786 26-Sep-2018 09:13. Cheers, I guess it's also close enough to wish you all a happy new year too. Iâm grateful for the hard work they do. Still trying to make a good choice for the kids Many thanks! ( Log Out / InvestNow said they are getting fund from Nikko to be on InvestNow platform. That leaves just Sharesies and Superlife as available fund providers. The difference between SmartShares and Sharesies is $163.34, 3.3%. Ease of use and other factors may be more important here. Now we will do the same thing by increasing the investment to Smartshares minimum requirement. Pingback: Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing – Kiwis pursuing Financial Independence and Retiring Early, Pingback: InvestNow Added SmartShares ETFs into their Offerings | The Smart and Lazy. ASB and ANZ investment will accept investing in kids name. Thanks for the update. What's the benefits to each platform and which platform suits which situation best? This can only be referring to dropping sky city out of the NZX50 in line with their ethical investment policy, yet in the same breath: I prefer Smartshares over Simplicity and AMP funds because they put a 5% cap on any one company. I will call them up again. The number at the end show the target portion of growth asset in that fund. SuperLife still offers the myFutureFund product and it is probably the best product in the market for saving for a child as it is very flexible, has the full range of options, low costs and fill Internet and phone App facility. SmartShares came out on top despite the fact that they have a higher management cost. They are an investment platform where users can make investments with small amounts of money. Kiwisaver, PIE Funds, and term deposits all play their part in helping Kiwis generate wealth for their later years. While Superlife also doesn’t require initial investment and the minimum contribution can be just $1. They made investing as easy as shopping online, which should bring a lot of people into the world of investing. They are not the cheapest in term of cost (they charge $30 annual admin fee) or the lowest investment requirement (Superlife can let you invest by $1). Paper statements fee - you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form. All my money is in ETF or low-cost passive index fund. Choose an investment option where the mix of income and growth assets is automatically set based on your age. Superlife still edged out at year 5 with $123.15 more, 8.2%. Since Sharesies are aiming for beginner investor, I put around $5/week as a low-level contribution. They’ve done an excellent job on explaining each investment options to beginner investment and make it accessible. The $30 initial investment cost is to cover Sharesies annual fee. Our Sharesies vs Hatch vs Stake Guide outlines the offering in detail, and how it compares to alternative platforms. I prefer passive. The analysis will compare the result on different contribution level(low and high contribution) for all three services. I Just found this on Superlife’s website… https://superlife.co.nz/15-myfuturefund for managing a person under 25’s invesetment portfolio!! Of course, we will need to wait and see if the cost is low enough. Basically which platform do you use and why? A place to discuss personal finance for New Zealanders. Sharesies vs SuperLife & SmartShares. Dec 20 2020 MONEY WINS from fellow Happy Savers ... while Sharesies and others like them have filled a gaping hole in the market - providing easy and affordable access to the share market - they have created another void and that is the education of investors. Dec 20. I have a strong feeling this has been cleared up before but I can't find any substantial answers. Close. Jul 26 Smartshares NZ Top 50 vs S&P/NZX 50 Ruth. Like for like, SuperLife leaves sharesies well behind if what someone is after is a low cost flexible savings scheme that puts the individual in control. The different to Superlife is $41.5, 0.9%. You can buy SmartShares ETF in your kids’ name, so USF and FNZ a good opinions for them. Investing. The kids will be paying some amount of tax as they have low income. To $ 18 for Sharesies into InvestNow and am pretty happy with them especially Vanguard... Interested in indexed funds for your KiwiSaver, PIE funds, and focus! Their fees is not too heavily reliant on the other hand, Simplicity non-KiwiSaver fund initial investment. It has a lower annual administration fee of $ 12, compared to $ 50/month to in... And include SmartShares into the mix that would be ideal to mix with those Vanguard funds create. 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