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! Sharesies vs InvestNow vs Smartshares: Available markets. Market data provided by Refinitiv , Drivewealth , and IEX Cloud . Has anyone else used both and has a preference? Winner: ASB Securities and Direct Broking. ASB securities has been OK in the past, just a hassle remembering logins etc. This isn't important to me but it might be to you. Pricing data supplied by ASX and/or NZX. ASB Securities Limited is an NZX firm. They have low minimum investment amounts, … Both contain Smartshares ETFs as these funds are also … In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). Invest in businesses around the world with this Kiwi investment platform. Dorothy also intends to invest in 15 companies. You may wish to consult with an authorised financial adviser before making any investment decisions. Brokerage is definitely cheaper with sharesies which is all good. DRPs are a great way to grow and compound your investment. Sharesies shows prices 20 minutes behind live - e.g. Link to free stock. 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. Pricing data supplied by ASX and/or NZX. 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. 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 … I really like the platform, very easy for new users looking to invest in the market as well. Sharesies allows people to invest in … 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. Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. Given her infrequent investments, the lack of ongoing fees for these two brokers are enough to offset her higher upfront brokerage costs. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … The brokerage fees for each service are: The table below shows the brokerage fee that would apply to different dollar amounts invested (ASB Securities and Direct Broking show n/a for $100 invested because this falls below the minimum investment amount). Index Funds vs Mutual Funds vs ETF (WHICH ONE IS THE BEST?!) Use of images to improve presentation is perfectly fine. Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. ASB Securities is less user friendly but has more advanced options and much more information displayed to you. Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). They’ve improved access to investing by reducing cost, removing jargon, and making investing fun. Sharesies.nz informations. IP: 104.18.5.170. 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. Pricing data supplied by ASX and/or NZX. Our Sharesies vs Hatch vs Stake guide has more details. Kiwi Investments 1,710 views. 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. Whether you’ve been in the investing game for a while or want to to buy shares for the first time, Sharesies makes things simple. By buying shares in one of these companies, you become a shareholder, and own part of the company! You’ll need to be at least 16 years of age and have an NZ bank account. Investors using ASB Securities or Direct Broking must buy enough shares to meet the minimum holding requirements determined by each company. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Investing in individual companies vs funds – What’s better? There is no ‘watchlist’ where you can place companies you want to keep an eye on. 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. 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. 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. Thanks that's the best answer of ever had on Reddit. 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. Thanks to services like InvestNow and Sharesies, it's super easy and affordable for investors to invest in lots and lots of funds. 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. Pricing data supplied by ASX and/or NZX. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. Sign up. Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Soon- Sharesies will … 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. If you are very serious about investing in shares for the long-term, and have a decent amount of money to do so, stick with a traditional broker. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! With Sharesies, your dividends are always paid as cash into your wallet. Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. 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. 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). Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. It is unclear how Sharesies will handle “corporate actions” on your shares. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. This allows you to sell your shares through any share broker, not just the one you bought them from. 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). Direct Broking offers the best value fees for big trades (i.e. 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. Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. 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%). 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 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). If you do the latter you are likely overpaying in fees by using ASB Securities. "for the app crowd". Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. 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. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). The minimum investment amount with Sharesies remains at a super low $0.01. Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. By buying shares in one of these companies, you become a shareholder, and own part of the company! A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. For this fund I am assuming a 6% return after costs for all funds. This can be helpful in informing you about what price to buy or sell your shares at. 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. Creation date: Not Available 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. What happened to Property Crowdfunding in New Zealand? Is having the shares not under your name something to be worried about? ASB Securities terms and conditions apply. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. whenever you buy or sell shares. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? How does it stack up against the traditional share brokers? ASB Securities and Direct Broking allows you to buy and sell shares in any of t… 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. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. Keen to start building your investment portfolio with Sharesies? The information should never be used without first assessing your own personal and financial situation, and conducting your own research. As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. Paying off debt vs investment. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. 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. But she wants to invest $100 every single month into each company over 20 years – that’s dedication! Get Quashed, Auckland, New Zealand. So Sharesies is actually a great tool to build a simple portfolio. IP: 104.18.5.170. See my comparison between investing in funds vs individual companies to help you decide. →, What I’ve been investing in – February 2020, Rights issues, share buybacks, and acquisitions – 5 things to know about Corporate Actions, Property vs Shares – The pros and cons of buying residential property, Due diligence on shares – How I evaluate companies before investing, How to invest in Australian shares from New Zealand, What I’ve been investing in – January 2020. This is mainly a problem for infrequently-traded shares. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. 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. Where an issuer has not specified a Minimum Holding, then there is no required minimum. The share prices are shown on Sharesies are delayed by at least 20 minutes. In terms of pricing, it’s hard to pick a clear winner in the Hatch vs Sharesies vs Stake battle. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). 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. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. So it's a good deal if buying lots of less than $1,000 at a time. ASB Securities Limited is an NZX firm. Press question mark to learn the rest of the keyboard shortcuts. It's quick to sign up. There is no fractional investing through these brokers, so you must buy whole shares. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. Each of these providers offers access to a different range of financial products. Get Quashed, Auckland, New Zealand. ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. 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. 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. 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. Want to do your own fee comparison between Sharesies, ASB Securities, and Direct Broking? 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 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%). 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). Welcome to Millennial Fire Kiwi! The only thing to watch out for when brokerage is so cheap, is that it could facilitate “taking a punt” or “dabbling” in various companies, while high brokerage fees encourages investors to thoroughly evaluate a company before investing. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Sharesies vs ASB Securities vs Direct Broking vs Hatch. Press J to jump to the feed. Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. 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. This is very concerning – given Sharesies’ targets beginner investors, this feature could encourage investing based simply on the biggest dividends and biggest returns. 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! I am hoping there will be more exposure to the US individual companies soon but this hasn't been introduced just yet. 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. 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. Issuers of securities on the NZX enforce their own minimum holding requirements. ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. The analysis will compare the result on different contribution level(low and high contribution) for all three services. 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). New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. ASB Securities terms and conditions apply. 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. Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! They don’t offer a mobile friendly view either. A brand new insurance experience! "Up until a month ago, I had roughly $14,000 in Sharesies, of which about $1500 was returns," Holmes said. To start viewing messages, select the forum that you want to visit from the selection below.