Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. No significant debt. You should seek advice from a licensed financial advisor. It allows Kiwis to invest in more than 140 NZ and global … Below that it is free. I have around 20-30K to play with. From what I read so far, I was planning is to spread 30K as 50/30/20 on Growth/Balanced/Conservative respectively to spread out the risk. Investnow has quite a wide selection of funds from quite a few of the global players, and definetly worth checking out just for their range. Sharesies and InvestNow AMP fund incur the same management fee. I use TDAmeritrade because I want to invest in the US market not in the NZ one. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. If you want to be involved in trading shares, Sharesies is too simple in my opinion. CrashAndBurn: I have some term deposits maturing next month and would like to give investing in … Are you going to put in the time to investigate the background of every company / fund that you want to buy shares from & then keep monitoring to ensure you make no losses. I found it easy to setup and easy to manage - we are currently only investing $1000 a month at the moment, but looking to increase. Press J to jump to the feed. To sell, you select the stock, enter amount of shares & press sell. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. Sharesies has a subscription fee (monthly or yearly), $3 a month if your portfolio is over $3000, that's rather significant for low balances. Invest … If you are willing to pay the fees it could be a good option for you. I believe the minimum monthly is around $50. Press question mark to learn the rest of the keyboard shortcuts. Since I will be mortgage free in 2 weeks time is why I decided to try something riskier. Sharesies vs InvestNow vs SuperLife vs something else? But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. Sharesies offers far fewer funds, but does offer ETFs and, unlike InvestNow, … I was hoping for some comparison tables e.g. I wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies … Discussion about Sharesies vs InvestNow vs SuperLife vs something else? But equally you can buy them from the NZX at any time, so you can take advantage of moves up and down during the month... again $30 every time, although you might find cheaper brokerage's around. I can't attest to the quality of investment inside Smartshares, and whether they are riding the wave of global market growth vs really doing something. The funds I am actually in are the SmartShare Global and NZ and have seen good return over the last 6 months on those. Meanwhile Sharesies charges annual or monthly subscription fees for its services … I don't mind as I can just let it ride. InvestNow doesn’t charge its users. I see that Smartshares doesn't charge too much but getting your money out of Smartshares is complicated. InvestNow … The United Capital Balanced fund is an actively managed open ended unit trust whose primary objective is to provide investors and beneficiaries with long term capital appreciation and income distribution … Can be longer but I don't think I will need it in the next 3 years. fees. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow … I started reading about a few start-ups e.g Sharesies but am still having trouble deciding which is the best to go with. They are a PIE as well,  their online processes are fairly slick. You can grow and manage your investment … Mortgage free in 2 weeks time. Hi there, I am a noob in the finance world and I am learning about ETFs. Vote. Adding some extra $$ to your emergency fund until you know which strategy to pursue is not a bad thing. How about keeping the cash liquid wait for the crash and buy on a dropping market rather than buy towards the end of a rising one. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Forsyth Barr allow you to buy bundles of shares directly rather than funds, so might also be worth doing. (https://www.smartshares.co.nz). At this stage I have no plans on sharetrading daily like some people do as I do not have either the time or skillset hence I always end up with TD's. 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. Sharesies … However sharesies has a far superior UI, so it's alot easier go see what your money is … Sharsies is more cost effective for lots of small regular transactions, so rule them out for this. Considering you want to give this a try, are you sure you want to invest it all in one go? If it happens in the next 4 years, what other options would you suggest to park it safely? Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Very low fees due to non-profit structure, invests in Vanguard ETFs. Hence I plan to spread the risk e.g. A place to discuss personal finance for New Zealanders. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. The difference between investing in Term Deposits through InvestNow … Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. Wait for confirmation email. I am leaning towards this approach e.g. Just like our range of Managed Funds, we bring you Term Deposits from a number of banks here in New Zealand. Sharesies vs Smartshares. Or what is the next safest option out there? I got a whole $1.41 … This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, Superlife etc, https://thesmartandlazy.com/2017/06/28/sharesies-beta-how-does-it-stack-up-to-superlife-and-smartshares-on-etf-investing/. At $5 per month, they certainly are an easy option to try if this is to your liking. But now that my current TD is maturing, I am getting forced to take action else it will end up on a TD again at a much lower rate. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. I think I can lock it for between 3-5 years. I am interested in couples of their bond funds like Nikko AM NZ Bond … 3-7 years. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. Smartshares has a $30 set up fee, but no ongoing costs. Therefore SmartShares contribution the cheapest option for US500 ETF investing. Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. You can look at your portfolio performance over 1/3/6/12/60 months, When you buy shares, you only have a select few options to choose from, stating the amount you are willing to use. They have low minimum investment amounts, … Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. I only plan to check on performance every 3-6 months then decide which funds I will top up. Note that NZX will do the buying on your behalf on the 20th of the month, but for selling you need a brokerage account like First Direct etc, meaning it costs a minimum of $30 per sell trade. Do you have a mortgage ? Obviously you will need to consider how much risk you are willing to accept for the desired growth. 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. Anyone can have an investment portfolio. They also offer access to the US Vanguard funds amongst others. I am a noob in the finance world and I am learning about ETFs. I really like the Sharesies website and how easy is it to use but I have been researching into InvestNow vs sharesies and it seems to be a LOT cheaper. I guess my question would be, if I do what I am planning to do, what are the chances of me getting a return of at least between 8-10% per year and also the chance of making a loss in 3-7 years. Close. I do agree that to get a better return would mean fees and risk. But then I ended up where I read about it, then say I will do it but never did. How long do you want to lock your funds away for ? https://www.reddit.com/r/PersonalFinanceNZ/. If you have a larger portfolio and want more choices like some US stocks, then Sharesies would be better. Sharesies vs SuperLife & SmartShares. The only fees they will pay are those set by the funds in which they invest. More posts from the PersonalFinanceNZ community. Considering you are moving your funds from a (very) safe environment into one that has a lot more risk, perhaps getting some professional advise is a good idea. I also have aggressive growth kiwisaver but then I still have 25yrs of income earning and I am debt free currently. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, … Sharesies. Why not try out several strategies with smaller amounts? Will research more about it. I'd add Simplicity (non Kiwisaver) to your list. Sharesies … Are you prepared to lose 20% in the next few years before things improve? Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. InvestNow does not charge its customers an administration fee. I'm sorry, did you say your current term deposit rate is 5.5%? Posted by just now. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. I read that Sharesies is targeted for investors with 5K or less. I did have a look at P2P before to the point of creating an account. 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. I am on growth as well on 8% contribution. If you give Sharesies a try, you know where I would spend the $5 referral bonus. Investnow is one of the best personal investing platforms available in New Zealand due to its zero dollar platform fees. Note that buy/sell orders can take up to 5 business days to process. Both InvestNow and Sharesies are fund platforms. Then you will learn soon enough how much you are willing to be actively involved in the day to day business of buying shares. I have been using InvestNow for the last 6 months as a front end for my Index-linked portfolio. Also, others have mentioned success with P2P loans in the range that you are looking at. Sharesies vs Smartshares. The Competition – InvestNow vs Smartshares and Simplicity Hands down, InvestNow offers a lot more investment opportunities than Simplicity (3 funds) and Smartshares (40+ ETFs). The great thing with sharesies is that it gives you access to buy investments from as … Would the funds be better being used to reduce debt? investment amount / term / total amount less fees. The little things make the biggest difference. I always save a percentage of my income towards my emergency fund so that will continue. So, do I invest in Smartshares ETFs or use Sharesies to invest in the same ETFs ? Yes it was. and then wait ±6hrs for the confirmation email. join InvestNow/Sharesies/Simplicity. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. Spend $x with Sharesies, spend $x with the likes of InvestNow / Vanguard / SuperLife and give yourself the same amount to actively manage. People have invested $7 million through Sharesies since its beta version launched in June. Please keep this GZ community vibrant by contributing in a constructive & respectful manner. There is some … I'm new to Investnow and just … Please note this sub-forum does not provide professional finance advice. Legacy investment services like … Unfortunately it is maturing next month and those rates are nowhere to be found hence am looking at alternative options. Have you looked into managed funds? Let's say 10k for each then spread between 3-5 different funds. One other option I had a look at is Term Pie Funds, but the rate is also not that great. You can always set up an trading account with the likes of ASB or ANZ and do it all yourself, but you will have to be willing to read up the companies and judge which is best for what your needs are to build a balanced portfolio. It has very limited selection of funds. You certainly can get a small jolt of excitement or loathing as your pink line creeps up or down. ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. They are PIE, their funds are Exchange Traded Funds (ETF's) meaning you can buy and sell direct as if they are shares. My question: Is Sharesies/Stake a better platform to invest in ETFs when compared with Smartshares? This will be my first time with shares apart from Kiwi Saver. I split my $50 high risk funds and made minuscule returns. 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%). I don't think it's realistic to aim for returns of just under 10%. Sharesies vs InvestNow summary InvestNow offers the widest number of funds and ETFs, and doesn't charge a platform fee. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s … Invest Now LLC, is a wholesale property company that specializes in purchasing properties at a substantial discount and wholesaling.Our clients receive up to the minute updates on opportunities to … InvestNow Term Deposits. NZX50 then ASX20 if I go with Sharesies. Neither of the above are Kiwisaver, but they do allow you to buy units in funds, which is infinetly more flexible than kiwisaver is (which is literally "just give us the money and we will do things", which I find very restrictive). They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. I have a buffer in way of 3 months emergency fund. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. 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