So Sharesies is actually a great tool to build a simple portfolio. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. 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. Both ASB Securities and Sharesies use price discovery algorithms, but the Sharesies algorithm seems to be more restrictive in that it won't let you trade very far from the ticker price. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. 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. They don’t offer a mobile friendly view either. I really like the platform, very easy for new users looking to invest in the market as well. Welcome to Millennial Fire Kiwi! The user interface is uncluttered, easy to navigate, and works great on mobile. ASB's online banking is top notch. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. Issuers of securities on the NZX enforce their own minimum holding requirements. 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. What happens to your money if InvestNow or Sharesies go bust? Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … Found this article helpful? 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. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). So it's a good deal if buying lots of less than $1,000 at a time. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. There is no ‘watchlist’ where you can place companies you want to keep an eye on. 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. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? 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. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! We've partnered with Drivewealth to provide access to US markets. You can’t see fundamental company statistics such as. Sharesies vs SuperLife & SmartShares. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. By default the companies list by “Highest price change”, and also gives options to sort by “Highest annual dividends” or “Highest annual returns”. With Sharesies, your dividends are always paid as cash into your wallet. The fees on the iShare funds range from 0.34% to 0.75%. We want someone with $5 to have the same investment opportunities as someone with $50,000. Pricing data supplied by ASX and/or NZX. Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. Here is a balanced portfolio you can easily build with Sharesies. To start viewing messages, select the forum that you want to visit from the selection below. Subscribe to get new Money King NZ articles in your inbox. 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 vs SuperLife & SmartShares I’ve picked two popular ETF, NZ Top 50 and US 500 , to run an analysis for 60 months (5 years). The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. If you’re looking for a simple way to dive into buying shares, check out what you can do with Sharesies. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. This can be helpful in informing you about what price to buy or sell your shares at. There are around 140 individual companies listed on the NZX. However, Sharesies is still a fantastic option for investing in shares. Sharesies allows people to invest in … With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. 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. 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). 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. 54 likes. ASB Securities Limited is an NZX firm. Sharesies vs InvestNow vs Smartshares: Available markets. Is having the shares not under your name something to be worried about? Sharesies’ full list of individual companies you can invest in through their platform can be found here. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. 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. Paying off debt vs investment. Brokers charge brokerage fees on every trade i.e. Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Each of these providers offers access to a different range of financial products. 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). Direct Broking offers the best value fees for big trades (i.e. Our Sharesies vs Hatch vs Stake guide has more details. ASB securities has been OK in the past, just a hassle remembering logins etc. Sign up. When you buy shares through Sharesies, you do not get direct ownership of them. 47 likes. Thanks that's the best answer of ever had on Reddit. 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. 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. 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. 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. 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. 18:01. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. 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. Sign up with this link, and you’ll get a bonus $5 in your account to invest! THe best other one i know of is ASB, whichs is $15 up to $1,000 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. Link to free stock. 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. 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. 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. Market data provided by Refinitiv , Drivewealth , and IEX Cloud . 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 Pricing data supplied by ASX and/or NZX. Index Funds vs Mutual Funds vs ETF (WHICH ONE IS THE BEST?!) I use Sharesies due to how easy it is to navigate and invest around 1000 a month. Committed to market heavyweights in New Zealand, Australia, the USA and Europe are daily! Ready to secure your financial freedom, here is a hassle remembering logins is breakdown... 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