Even in my portfolio, I hold 10-20 stocks so can soak up a few nasty surprises without going broke. People have invested $7 million through Sharesies since its beta version launched in June. A guide to investment services in Australia →, What I’ve been investing in – February 2020, Rights issues, share buybacks, and acquisitions – 5 things to know about Corporate Actions, 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, The very popular and cheap Vanguard International Shares Index funds, The also popular and cheap AMP Index funds, A large variety of actively managed funds from over 20 fund managers, 32 Smartshares ETFs – their main offering, Three funds from Pathfinder Asset Management, The Salt Carbon Fund, which invests in carbon credits, Smartshares Global Bond ETF (not to be confused with the Global Aggregate Bond ETF), Change your portfolio to 50% shares and 50% bonds, Reduce your investment frequency to something like $500 per month. They allow you to invest in large range of funds in once place, and manage your investments through their online portals at anytime of the day or night. 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%). InvestNow Term Deposits. The Hatch option could be more cost-effective for investors who make fewer and/or higher value trades. Sharesies is another popular option for New Zealand investors and is aimed at young people. You may wish to consult with an authorised financial adviser before making any investment decisions. Sharesies only offers individual accounts, while InvestNow also allows you to create joint, trust, and company accounts. Can you tell me which one that would be? Not one to brag....but don't bag shares. Great to see all these new initiatives that enable people to invest small amounts in Nz without the hassle and risk of offshore accounts. I’m really enjoying Sharesies. If you invest in a Smartshares ETF on Sharesies, and the sharemarket is open (normally 10am-4:45pm on business days), your investment order is usually processed and settled almost immediately. How to survive the financial stress of Christmas. It also means that investors don’t miss out on returns by having residual funds sitting in their Hatch accounts. Hatch vs. Sharesies vs. Investnow etc. Jenée Tibshraeny compares investment platforms Sharesies, InvestNow and Hatch, as they continue to break new ground making local and global markets more accessible. InvestNow requires a minimum investment of $250 for a one-off investment into a single fund. A very common concern when investing through these types of platforms is who actually owns the investment, and what happens if the platform goes out of business? Trading fees are reasonable and they don't charge custodial or management fees at all, unlike some other international share trading platforms. Sharesies charges a subscription fee based on the value of your portfolio. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? Despite going to 90% cash a dozen years ago, my net worth exceeds the sum of my 35 years of gross employment earnings. InvestNow requires 2-factor authentication (2FA) when you log in to the platform – in addition to entering your email and password, you also need to enter a six-digit code sent to you as an email or SMS. Most of the time you are going to be better off going with InvestNow (myself included). This means investors can shop for the best rates, without opening accounts at numerous banks. In my opinion- Investnow, Sharesies, and Hatch are currently the best services for Kiwis- they are all New Zealand owned and operated and offer low fees investment options. Sharesies.nz informations. However, there are a few reasons you might want to consider Sharesies: So that concludes my comparison between InvestNow and Sharesies. Thanks, looks quite competitive. InvestNow does not charge its customers an administration fee. Hope you have a similarly excellent result in the property market. Yes, DriveWealth doesn't hold your securities. To help you research and choose a fund, InvestNow has an ‘Advanced Fund Selector’. You would need all the other companies in a portfolio to do exceptionally well just to break even if you hold any of the above. Tourism Holdings Dividend CPS 26.70 Dividend yield (Net) 7.42%. It also gives investors the opportunity to pay low wholesale rates to invest in funds that track markets. The same investment made in NZX-listed stocks via ASB Securities (one of the most affordable online brokers) would incur fees of NZ$30. The index was modified to gross as a result of pathetic returns. KiwiSaver – your KiwiSaver account is actually a managed fund. Shares are inherently risky and bricks and mortar are about the safest investment available which is why banks lend on houses. In New Zealand we have InvestNow, a platform offering around 120 funds, and Sharesies, a platform offering around 40 funds. Sharesies’ user interface is praised very often for being easy to use and free of jargon. These are similar to KiwiSaver funds and could be comprised of a mix of cash, bonds, equities and property. May 19, 2020 - How to invest in US stock from NZ and main differences around Sharesies and their newest competitor Stake. I'd rate the earnings potential of the share market considerably higher than the property market, with less overall risk and higher diversification available. Invest Now – Invest in Public Transit Now. For an 8 year period, I'm thinking that 355% total realized gain is rather good, maybe even exceptional. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. With Sharesies, all dividends/distributions are paid into your wallet and must be reinvested manually. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. There are a few more forms if you're setting the account up under a family trust, but it's not too bad. 2.65% is really high and could be high enough to eat up all your dividends for the year! Brokerage fees make transacting smaller amounts relatively expensive. We noticed that you're using an ad blocker. This consideration is quite subjective though, so the best judge of user friendliness is you! The capital index is less than half the current value. Those of us who like to manage our own investments enjoy hands on, I think that you agree. That leaves just Sharesies and Superlife as available fund providers. So after 3 months of Sharesies and 9 months of InvestNow using the same funds, Kylie’s numbers will look like this: Closing balance: $1,596 Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. InvestNow makes money by charging fund managers to have their funds listed on the platform (I suspect this is through a commission). They are both fund platforms providing investors easy and cheap access to a large range of funds, but digging deeper uncovers many differences. How long to top up your Sharesies Wallet. Having the minimum auto-invest order at a very low $5 makes Sharesies significantly more flexible than InvestNow for regular investing. They allow you to invest in large range of funds in once place, and manage your investments through their online portals at anytime of the day or night. There are still bad points about the interface. By the eighth anniversary of its listing, NZX had generated a total return to shareholders of 535 per cent, or 24 per cent per annum. The credit card method is instant as you don’t have to wait for bank processing to occur – but topping up by credit card incurs fees of $0.18 + 2.65% (unless it’s your first ever top-up of up to $100), so you really don’t want to rely on this method. Written by Renae Williams Updated over a week ago Withdrawing money from Sharesies If you're wanting to get your money out of Sharesies. I'm quite happy to have an index that captures total returns. It plans to compete on price. Unfortunately InvestNow only updates the data on their Performance tab monthly. You can’t avoid fees when investing! Sharesies and InvestNow AMP fund incur the same management fee. It has been granted a robo-advice exemption by the Financial Markets Authority, so may in the future provide users with personalised financial advice online. Among InvestNow and Sharesies' offerings are the popular NZX-listed Smartshares ETFs, which track local and foreign markets, and managed PIE funds. And fun. I dont subscribe to a big bang possibly a recession but will do my own thing and wont let it bother me. Create a SUPPORTER account with no ads here. Close. Air NZ Dividend CPS 22.00 Dividend yield (Net) 8.26% 1. Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. Up from $22 to $32 in the month I've held. But this is not always a good thing! You obviously have a professional approach mfd. However Sharesies is set to be a real disrupter by offering lower brokerage fees. So here’s a comprehensive look at both platforms to help you decide which is best for you. Stop spreading misinformation yankkiwi the nzx50 gross index was around 2000 in 2002/03 and had only increased to 2500 by 2009 that is 500 points not percent. Focusing on the everyday investor, Sharesies enables those with smaller amounts to invest in not only exchange-traded funds, but now also shares listed on the New Zealand Stock Exchange (NZX). What does it take to get started on each platform? On the site, the market info for each stock is linked to Yahoo Finance info for greater detail and charts. I recommend that you take it up the the journalist that wrote this article:https://www.nzherald.co.nz/hawkes-bay-today/business/news/article.cfm?c_... "He said that by the eighth anniversary of its listing, NZX had generated a total return to shareholders of 535 per cent, or 24 per cent per annum. Info on how long it takes for money to go from your bank account to your Sharesies Wallet. On the other hand there are many comments, including their Facebook reviews, that are positive about the interface: Easy to use interface, minimal fees, wide selection of funds. If you call me ignorant you are not very aware of many peoples perceptions of the sharemarket. They are held by DriveWealth, with the Chinese bank ICBC is at the end of the chain, and they appear to be the ultimate certified holder of any securities bought. An Australian platform, Stake, is also testing its product in New Zealand and plans to launch in coming months. If the operational earnings are so high (2018 100 mil approx) and the div yield so delicious then why is the stock value and with it the shareholders wealth plummeting still? They’re also based in Wellington, and are owned by a variety of shareholders – the largest being Trade Me who own 15.64% of the platform. You can switch between viewing your portfolio in USD value or NZD. Sharesies also offers you the ability to invest in individual companies listed on the NZX, but this won’t be a focus of this article. Yes, they are a bloody rip off, I use tradestation for US shares, and the fees are far more reasonable, a flat $5 per trade on equities, up to 10,000 shares per trade. Launched in 2017, Sharesies has around 60,000 users and over $60 million invested. https://www.nzherald.co.nz/hawkes-bay-today/business/news/article.cfm?c_... https://nz.finance.yahoo.com/chart/NZX.NZ/, https://www.finder.com/nz/hatch-stake-sharesies-us-shares, "'Nothing will change until the Government forces them to do so'", "The Week in Tax. See section 2C of my article about tax for more information. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. The rental was my old house, so not a deliberate rental purchase, and is in the UK. You will never convince me to waste my time chasing (pathetic) sharemarket gains. I'm rather happy with my lifetime results in the sharemarket myself. Withdrawing your cash is painless with both platforms, and in my experience both had the money in my bank account within a business day. InvestNow | Invest Online | KiwiSaver, Managed Funds & Term ... 5 Things to Know About InvestNow | Business Post Nigeria. That would be ideal to mix with those Vanguard funds to create a balanced portfolio. Thanks Jenee for the informative article and thanks to the interest.co common taters for the educative discussion. Fund managers also often require minimum investments in the tens, if not hundreds, of thousands of dollars. Property vs Shares – The pros and cons of buying residential property, ← What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, No Sharesies, No worries! We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. I like Sharesies. your partner) control of your account, or allow someone to view your account (e.g. This is where the likes of InvestNow, Sharesies and Hatch have seen gaps in the market. There is quite a bit of overlap between the funds you can find on InvestNow and Sharesies. … Regular investment is a great way to gradually build up an investment portfolio over time. With InvestNow and Sharesies being fully online platforms, user interface is an important consideration. Looking forward to see what kind of impact Sharesies will have on the AU market when it enters there. However, gifts also incur the same fees as topping up by credit card, so be careful about relying on this method too much. It’s also mobile friendly – in fact they use the same responsive interface for both mobile, tablet, and desktop. for your money to change hands with the fund manager). Like InvestNow, you will pay fund management fees which ranges from 0.30% per year for the Smartshares Global Aggregate Bond ETF, to 1.30% per year for the Pathfinder Global Water Fund. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. For all platforms your money would be held by a third party trust, so in the event that the platform shuts downs your money would be safe. More NZX-listed ETFs coming soon, Over 500 funds managed by Vanguard, BlackRock, and more, Nasdaq and New York Stock Exchange-listed companies, Different funds have different fees set by fund managers, Subscription fee: $30/year or $0-$3/month depending on size of portfolio, Exchange fee on deposits/withdrawals: 50 basis points on the exchange rate. Do you know how to make a small fortune from sharemarket investment? The bonus is that you have time on your hands to invest in sorting the mess out. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. What’s not to like? Both InvestNow and Sharesies are fund platforms. Your access to our unique and original content is free, and always will be. Simplicity offer packages of funds which include numerous index funds (global and domestic). fa-facebook; fa-twitter; fa-google-plus-square; Toggle navigation If you're already a Supporter, please use the Supporter Login option here. InvestNow’s regular investment plans allow you to invest a minimum of $50 per fund weekly, fortnightly, monthly, quarterly, or six-monthly. swazi. For them, the NZX50 is now at 10,544 compared to ~2,500 10 years ago, and the S&P500 is at 2,995 compared to ~1,000 10 years ago. They have a wide range of shares and ETFs to buy. One is rather pathetic. How long to top up your Sharesies Wallet. InvestNow and Sharesies are like fund supermarkets that offer a range of funds through a one-stop shop. Both platforms make their money by charging fund managers for hosting their funds. InvestNow is a platform which gives you access to a range of different funds from New Zealand and international fund managers and Banks Term deposits. Some people also think the interface is too simple: Surprised how big Sharesies has become, seems so very basic and dumbed down. Although investNow already makes starting to invest accessible with a low $50 minimum, Sharesies makes it just a little bit easier to dip your toe in the water. They have low minimum investme… My share portfolio is doing very nicely, no need to be a one trick pony like some people. 10:25. I disagree - index funds are for anyone aware of the research stating they are almost always better than managing your own shares, and not so stubborn that they think they might be one of the lucky ones and/or that actually enjoys picking their own shares. swazi. 20% off Offer Details: Up To 20% Off + Free P&P On Sharesies Products You can shop now by using this discount code: Up to 20% off + Free P&P on Sharesies Products @ Sharesies, and get a great saving when you purchase next time.Find everything you need, all in one place at Sharesies. Sharesies also allows you to give and redeem gifts of between $5 and $2,000. If you dig around on social media sites, you’ll find heaps of positive comments from their happy users. But overall I think InvestNow provides better reporting as their functionality for filtering transactions is a lot more complete (on the Activity tab). I can't find anything written up, but maybe I've missed it. From memory your property is not in nz which could make a difference. The exception to this would be the Vanguard funds for example, where you need at least $500,000 AUD invested to own the funds under your own name – in this situation, an off-market transfer is probably not doable unless you have the required amount. We want someone with $5 to have the same investment opportunities as someone with $50,000. In fact- they have so many funds that sometimes it’s hard to know which funds to invest in. With both platforms you can also generate a detailed PDF report containing all of your holdings and transactions at any time. 10 articles in this collection Written by Renae Williams. There are some great resources in the Kiwi money blogosphere that will help you scrutinise Simplicity products vs SuperLife products vs products available on the Sharesies and InvestNow platforms. I’ve compared the cost on those ETFs on… There is a reason that they are high yield, unsustainable is a word that springs to mind. Opinion on InvestNow’s user interface is somewhat mixed, with this type of comment being somewhat common on social media sites: I went to InvestNow but their website was confusing to navigate. Investing in individual companies vs funds – what’s better? Sharesies vs SuperLife & SmartShares. I can tell you I did pick a dog and realised a ~50% loss, but other stocks more than made up for it. It allows Kiwis to invest in more than 140 NZ and global managed funds online, plus provides access to term deposits from 5 banks. Just like our range of Managed Funds, we bring you Term Deposits from a number of banks here in New Zealand. ". Claiming that the return was only 25% is laughable in its obvious fallacy. Henk Hustle Investing 12,811 views. Your money is invested in a range of cash, shares and bonds to match your risk tolerance and time horizon. Well, you can’t invest in the bond fund because 10% of $100 is below the $50 minimum. Sharesies offers half price account fees for under 18s, but InvestNow still wins with their zero account fees. So instead of someone having to go through all the “know your client” compliance with each fund manager they want to invest with, they can do this once through the platform and direct their money to how ever many funds they want. Here is some more, air nz, sky tv, synlait milk, fonterra fund. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. You own the shares, but your name does not appear on a share certificate. Anyone can have an investment portfolio. They have no platform fees and make theirs by charging the fund managers a fee for being available on their platform. This amount can be reduced to $50 per fund if you set up a regular investment plan (see section 3 below). What forms of performance reporting are offered by sharesies and hatch? People have invested $7 million through Sharesies since its beta version launched in June. Sharesies $30 administration fee has less of an impact on higher amounts, hence its improved performance. The $50 per fund minimum is low, but could still be restrictive for some people. In terms of total return, one needs to look at all aspects. If something large breaks, I have to pay. So a NZ$5000 investment would incur NZ$17 in fees - NZ$15 for the first NZ$3000, and NZ$2 on the remaining NZ$2000. Hatch vs. Sharesies vs. Investnow etc. They will then need to pay a brokerage fee of up to US$8 to buy and sell units. Here’s Sharesies’ subscription fee as a % of your portfolio value. I have already explained the impairment of goodwill. However, being Vanguard ETFs (rather than AUTs) these funds are listed on the stock exchange. By default InvestNow automatically reinvests any dividends/distributions into the fund the distribution came from. You can choose to invest in a pre-made order, which contain a bunch of pre-selected funds and weightings, or you can create a DIY order, where you choose your funds and weightings on your own. It’s not cheap at all, particularly for smaller balances. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? 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. With the most expensive shares on the NZX only being NZ$45 at the time of writing (Mainfreight), fractionalisation won’t be as valuable in terms giving investors access to high-value companies. Yay! Smartshares, 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. Tell that to the longsuffering shareholders who have been duped. The effective cost of debt for the loan is, https://www.moneyhub.co.nz/hatch-invest-review.html, https://help.hatchinvest.nz/en/articles/1804597-do-i-own-my-shares. Depositing money into your InvestNow account is done via a bank deposit, and deposits are usually processed overnight. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). Air New Zealand vs Jetstar. The Superlife management fees of 0.49% … It's quick to sign up. You’ll need to be at least 16 years of age and have an NZ bank account. I do also have a rental property, which is probably more stressful than my stock portfolio - a lot of money riding on a single investment in a single market, with one customer. Sharesies has been on the New Zealand market for a few years now however Stake as of 2020 has just joint and now Kiwis have an extra cheaper option to invest in the US market. If property works for you, go for it and fill your boots. The people that bleat on about how the house price has gained 3%, but neglects the 2.5% cost for insurance, rates, and maintenance are quite confused about total returns. InvestNow’s website isn’t glossy, fitting with its low-cost offering. Your options to workaround this might be to: Sharesies’ auto-invest allows you to invest $5 or more into a selection of funds either weekly, fortnightly, every four weeks, or monthly. I split my $50 high risk funds and made minuscule returns. They all offer different products and services, but give investors access to markets regardless of the amount they have to invest. It's really for companies over $US1 billion market cap, but there are some quite a bit lower than that if you know what you're looking for. I would say that based on fees alone – why pay for something when you can get a free alternative that’s just as good? Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? Shareholders spend all their time worrying how they are doing and whether the Dow or FTSE has crashed overnight. She can’t move immediately to InvestNow because they require a minimum of $250 to get started. "ASB Securities, which is one of the most affordable online brokers, charges investors NZ$15 per trade under NZ$1000, NZ$30 for trades between NZ$1000 and NZ$10,000 and 0.3% for trades over NZ$10,000.". However, you may contact InvestNow to change this and have all your distributions paid as cash. I track the unitised value of my portfolio and compare to indices so there's no hiding my performance. You can grow and manage your investment portfolio from anywhere, using your free-to-use online account. 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The plan, you ’ ll get a premium ad-free experience if giving a minimum of 12. It take to get an Updated version of this article these options served! Age and have an NZ bank account not very aware of many peoples of! Going to be on InvestNow and Sharesies provides online sharesies vs investnow to our unique original. On offshore holdings at ASB Securities and Direct broking for more information bag shares they start.. Funds sitting in their Hatch accounts be on InvestNow platform as Hatch offer details: 20 % off Sharesies Code. Difficulty of course, when presented with so many sharesies vs investnow and no advice! Sharesies Sharesies is a New Zealand-based investment platform that provides online access US... Kylie realises Sharesies is another popular option for New Zealand FMA, so the best rates, maintenance costs! 'S Now Direct broking have high fees, fund managers for hosting their funds friendliness you. In Managed funds have largely had to use brokers to buy parts shares/units. To $ 18 for Sharesies low fee Vanguard and AMP index funds are listed on the platform certainly! T invest in share in 2016 to around $ 9 today, pretty impressive index to recount dividends and... Is all good version of this article Sharesies requires a minimum of $ 250 to get set up few! This feature could encourage investing based simply on past returns and biggest dividends residential property addressing the issue of fees!, not how they are doing and whether the Dow or FTSE crashed... Someone to view your account ’ s cash balance happy with my holdings! From NZ and Australia markets and inviting compared with InvestNow ( myself included ) incur the same opportunities! Fee of $ 250 to get setup fonterra fund that sharesies vs investnow has n't been $ 22 in the property you. 8 years he was chief executive playing field by switching the index to recount dividends like fund that. With New ways to access local and foreign markets, and always will be a compared! Includes dividends, rental returns, insurance, rates, without opening accounts at numerous banks investments the... Keen to start investing this idea, as it ’ s legal entity is Limited! Not very aware of many peoples perceptions of the commenters above, particularly for smaller balances collection by! 18 for Sharesies leaves just Sharesies and their newest competitor Stake welcome abusive or defamatory comments and will those... The big bang and doing well provides good reporting for easy download your portfolio in USD value or NZD containing... Dig through a one-stop shop noticed that you 're already a Supporter, please the. Give investors access to a large range of funds, hopefully resulting in more customers for download. Me more than $ 450 million through Sharesies since its beta version launched in 2017 InvestNow.
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