A place to discuss personal finance for New Zealanders. 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. By buying shares in one of these companies, you become a shareholder, and own part of the company! As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. Sign up with this link, and you’ll get a bonus $5 in your account to invest! Each of these providers offers access to a different range of financial products. Press question mark to learn the rest of the keyboard shortcuts. Wondering which is the better platform out of these two. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. ASB Securities Limited is an NZX firm. Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. There is no ‘watchlist’ where you can place companies you want to keep an eye on. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). So it's a good deal if buying lots of less than $1,000 at a time. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. 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. Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. It is unclear how Sharesies will handle “corporate actions” on your shares. ASB Securities Limited is an NZX firm. Soon- Sharesies will … 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 With Sharesies, your dividends are always paid as cash into your wallet. Sharesies vs InvestNow vs Smartshares: Available markets. 47 likes. ASB Securities and Direct Broking allows you to buy and sell shares in any of these ~140 companies. Is Sharsies more simple to use? Given her very regular investment of small amounts, ASB Securities and Direct Broking become unaffordable for her style of investing! Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. Investing in individual companies vs funds – What’s better? Want to do your own fee comparison between Sharesies, ASB Securities, and Direct Broking? You can’t participate in Dividend Reinvestment Plans (DRPs). But she wants to invest $100 every single month into each company over 20 years – that’s dedication! You may have to register before you can post: click the register link above to proceed. whenever you buy or sell shares. Sharesies.nz informations. 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. IP: 104.18.5.170. 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. Market data provided by Refinitiv , Drivewealth , and IEX Cloud . Invest in businesses around the world with this Kiwi investment platform. Direct Broking offers the best value fees for big trades (i.e. Press J to jump to the feed. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. $80 spend gets you 1 airpoints and they never expire! When you buy shares through Sharesies, you do not get direct ownership of them. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. Why we started Sharesies. 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. Pricing data supplied by ASX and/or NZX. Subscribe to get new Money King NZ articles in your inbox. Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. The analysis will compare the result on different contribution level(low and high contribution) for all three services. 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. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. Our Sharesies vs Hatch vs Stake guide has more details. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? 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. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. So it's a good deal if buying lots of less than $1,000 at a time. Link to free stock. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. For the brokerage selling fees I have used ASB Securities rates and fees. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. However, Sharesies is still a fantastic option for investing in shares. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. Given her infrequent investments, the lack of ongoing fees for these two brokers are enough to offset her higher upfront brokerage costs. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! 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. 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. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. 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. There is still room for improvement though, and I would say the following are the current weak points of the interface: These interfaces are dated, cluttered, and unfriendly compared to Sharesies. This review looks at what those options are, how much it costs and where to begin. Get new investing articles in your inbox. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. over $10,000), but is the most expensive for smaller trades. 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. 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. Creation date: Not Available Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. For this fund I am assuming a 6% return after costs for all funds. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. 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. There are around 140 individual companies listed on the NZX. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. Different pricing structures mean the most affordable choice for you will depend on factors like how often you trade, the size of your trades, and your deposit and withdrawal amounts. New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. Sharesies is significantly cheaper for Dorothy! We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. This feature is standard in other brokers. ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. For this fund I am assuming a 6% return after costs for all funds. ASB for everyday banking and ANZ for credit card. Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. "for the app crowd". The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. 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. 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 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. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. The share prices are shown on Sharesies are delayed by at least 20 minutes. Bruce also wants to invest in 5 companies, but intends to do so by investing $1,000 in each company every year, over 10 years, with no initial lump sum investment. Creation date: Not Available Where an issuer has not specified a Minimum Holding, then there is no required minimum. Sharesies vs InvestNow vs Smartshares: Available markets. 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. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? 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. So Sharesies is actually a great tool to build a simple portfolio. Sharesies Limited is an accredited participant on the NZX. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. You can’t see fundamental company statistics such as. 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. 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. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. 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 … Host name: 104.18.5.170. ASB Securities Limited is an NZX firm. I’ll let the screenshots do the talking. 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’s a new kid on the block. Welcome to Millennial Fire Kiwi! 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. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. By buying shares in one of these companies, you become a shareholder, and own part of the company! With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. You’ll need to be at least 16 years of age and have an NZ bank account. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Without live market prices and depth, you have less data to inform you what price to set your limit order at. 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 Limited is an NZX firm. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. ASB Securities is less user friendly but has more advanced options and much more information displayed to you. You may wish to consult with an authorised financial adviser before making any investment decisions. See my comparison between investing in funds vs individual companies to help you decide. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … If you do the latter you are likely overpaying in fees by using ASB Securities. 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.nz informations. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Both Invest Now and Sharesies make their money by charging fund managers for hosting their funds. 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%). 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. Winner: ASB Securities and Direct Broking. 18:01. Let’s run through some example scenarios and see which broker comes out cheaper for each one: Alice wants to invest in a simple portfolio of 5 companies. 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. I'm a 40-year-old single female. 54 likes. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. We want someone with $5 to have the same investment opportunities as someone with $50,000. Sharesies shows prices 20 minutes behind live - e.g. 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. Also means that your shares through any share broker, not just one. In Nigeria 485,000 home a lower Hutt couple gambled on the block with. 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