Below that it is free. The only fees they will pay are those set by the funds in which they invest. Press J to jump to the feed. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow … I also have aggressive growth kiwisaver but then I still have 25yrs of income earning and I am debt free currently. 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. 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. 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. So, do I invest in Smartshares ETFs or use Sharesies to invest in the same ETFs ? I don't mind as I can just let it ride. InvestNow doesn’t charge its users. You certainly can get a small jolt of excitement or loathing as your pink line creeps up or down. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. I'm new to Investnow and just … I'd add Simplicity (non Kiwisaver) to your list. I have been using InvestNow for the last 6 months as a front end for my Index-linked portfolio. 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/. 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%). Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. Unfortunately it is maturing next month and those rates are nowhere to be found hence am looking at alternative options. Sharesies and InvestNow AMP fund incur the same management fee. Posted by just now. The difference between investing in Term Deposits through InvestNow … InvestNow … Both InvestNow and Sharesies are fund platforms. 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 … The Competition – InvestNow vs Smartshares and Simplicity Hands down, InvestNow offers a lot more investment opportunities than Simplicity (3 funds) and Smartshares (40+ ETFs). Hence I plan to spread the risk e.g. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. and then wait ±6hrs for the confirmation email. InvestNow does not charge its customers an administration fee. I only plan to check on performance every 3-6 months then decide which funds I will top up. I am on growth as well on 8% contribution. Are you prepared to lose 20% in the next few years before things improve? Smartshares has a $30 set up fee, but no ongoing costs. 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. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. 3-7 years. ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. 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. 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. They are a PIE as well,  their online processes are fairly slick. This will be my first time with shares apart from Kiwi Saver. Do you have a mortgage ? Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. 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 a buffer in way of 3 months emergency fund. Meanwhile Sharesies charges annual or monthly subscription fees for its services … They are PIE, their funds are Exchange Traded Funds (ETF's) meaning you can buy and sell direct as if they are shares. If you have a larger portfolio and want more choices like some US stocks, then Sharesies would be better. Just like our range of Managed Funds, we bring you Term Deposits from a number of banks here in New Zealand. Sharesies offers far fewer funds, but does offer ETFs and, unlike InvestNow, … 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. The great thing with sharesies is that it gives you access to buy investments from as … Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Please note this sub-forum does not provide professional finance advice. Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. It allows Kiwis to invest in more than 140 NZ and global … Investnow is one of the best personal investing platforms available in New Zealand due to its zero dollar platform fees. 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. I use TDAmeritrade because I want to invest in the US market not in the NZ one. Sharesies. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Will research more about it. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, … Let's say 10k for each then spread between 3-5 different funds. But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. Sharesies vs Smartshares. I started reading about a few start-ups e.g Sharesies but am still having trouble deciding which is the best to go with. Press question mark to learn the rest of the keyboard shortcuts. To sell, you select the stock, enter amount of shares & press sell. I wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies … They also offer access to the US Vanguard funds amongst others. (https://www.smartshares.co.nz). They have low minimum investment amounts, … Would the funds be better being used to reduce debt? If it happens in the next 4 years, what other options would you suggest to park it safely? A place to discuss personal finance for New Zealanders. You should seek advice from a licensed financial advisor. I split my $50 high risk funds and made minuscule returns. Obviously you will need to consider how much risk you are willing to accept for the desired growth. More posts from the PersonalFinanceNZ community. I read that Sharesies is targeted for investors with 5K or less. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Vote. No significant debt. 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). Can be longer but I don't think I will need it in the next 3 years. My question: Is Sharesies/Stake a better platform to invest in ETFs when compared with Smartshares? 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. Sharesies vs InvestNow summary InvestNow offers the widest number of funds and ETFs, and doesn't charge a platform fee. Sharsies is more cost effective for lots of small regular transactions, so rule them out for this. I am interested in couples of their bond funds like Nikko AM NZ Bond … I do agree that to get a better return would mean fees and risk. People have invested $7 million through Sharesies since its beta version launched in June. I did have a look at P2P before to the point of creating an account. 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. Very low fees due to non-profit structure, invests in Vanguard ETFs. Wait for confirmation email. I was hoping for some comparison tables e.g. But then I ended up where I read about it, then say I will do it but never did. Sharesies vs Smartshares. fees. Please keep this GZ community vibrant by contributing in a constructive & respectful manner. Note that buy/sell orders can take up to 5 business days to process. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. Spend $x with Sharesies, spend $x with the likes of InvestNow / Vanguard / SuperLife and give yourself the same amount to actively manage. 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. I think I can lock it for between 3-5 years. At $5 per month, they certainly are an easy option to try if this is to your liking. You can grow and manage your investment … 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 … I see that Smartshares doesn't charge too much but getting your money out of Smartshares is complicated. Adding some extra $$ to your emergency fund until you know which strategy to pursue is not a bad thing. Close. investment amount / term / total amount less fees. Or what is the next safest option out there? Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. If you want to be involved in trading shares, Sharesies is too simple in my opinion. 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. NZX50 then ASX20 if I go with Sharesies. https://www.reddit.com/r/PersonalFinanceNZ/. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s … Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. I am leaning towards this approach e.g. Sharesies … Anyone can have an investment portfolio. CrashAndBurn: I have some term deposits maturing next month and would like to give investing in … I am a noob in the finance world and I am learning about ETFs. Why not try out several strategies with smaller amounts? Mortgage free in 2 weeks time. Yes it was. The funds I am actually in are the SmartShare Global and NZ and have seen good return over the last 6 months on those. I have around 20-30K to play with. Sharesies vs InvestNow vs SuperLife vs something else? 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. 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. Sharesies has a subscription fee (monthly or yearly), $3 a month if your portfolio is over $3000, that's rather significant for low balances. It has very limited selection of funds. Have you looked into managed funds? NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. Is targeted for investors with 5K or less: Sharesies vs InvestNow vs Sharesies Sharesies is popular. Use Sharesies to invest in the next safest option out there 50/30/20 on respectively. 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