This starts at zero for balances of $50 or under, then $1.50 per month for balances from $50 to $3,000, and over $3,000 it’s more cost effective to pay the annual fee of $30. It’s also mobile friendly – in fact they use the same responsive interface for both mobile, tablet, and desktop. Both platforms make their money by charging fund managers for hosting their funds. InvestNow vs Sharesies – Ultimate Fund Platform showdown and ... InvestNow vs Sharesies – Ultimate Fund Platform showdown and ... InvestNow's Flexible KiwiSaver Scheme Review. Creation date: Not Available .... You start with a large fortune and before long it will be a lot smaller. The proliferation of financial technology is giving do-it-yourself investors an increasing number of ways to manage their money. Stake, the new platform set to enter the market, will give investors access to US markets like Hatch does. BTW, this time span includes the largest world-wide recession in many decades, which definitely negatively affected the share market returns so those may be a bit suppressed in this comparison. Neither InvestNow or Sharesies allow you to hold your investment under your name. Launched in 2017, Sharesies has around 60,000 users and over $60 million invested. Sharesies is proving to be one of NZ top online investment platforms. What marketing strategies does Sharesies use? What happens to your money if InvestNow or Sharesies go bust? Hatch vs. Sharesies vs. Investnow etc. With Sharesies, all dividends/distributions are paid into your wallet and must be reinvested manually. Not one to brag....but don't bag shares. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. But overall I think InvestNow provides better reporting as their functionality for filtering transactions is a lot more complete (on the Activity tab). Both poor examples. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. Hatch takes care of the US tax and provides good reporting for easy download. This consideration is quite subjective though, so the best judge of user friendliness is you! So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. Investors should ultimately remain focused on what they invest in, not how they go about investing. I would advise caution in thinking that these fees are cheap – see tables below. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. Why we started Sharesies. That, and changing how share assets are taxed, i.e. Great to see all these new initiatives that enable people to invest small amounts in Nz without the hassle and risk of offshore accounts. 20% off Offer Details: 20% OFF Sharesies Promo Code & Coupons for January 2021. It must be profitable or you wouldn't invest the time required. Retail investors have always been able to access local and global share markets. Do you know how to make a small fortune from sharemarket investment? Meanwhile Sharesies charges annual or monthly subscription fees for its services (on top of fund fees). Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Below that it is free. To give shares a better image you would know Mark Weldon even made an uneven playing field by switching the index to recount dividends. Sharesies is soon about to start offering fractionalisation by enabling investors to buy parts of shares/units of companies and funds listed on the NZX. In return, fund managers increase the exposure and accessibility of their funds, hopefully resulting in more customers. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies… Host name: 126.96.36.199. They are the following: NZ Top 50 Aus Top 20 NZ Mid Cap Aus Mid Cap Total World Europe US 500 You can access to those ETFs from SmartShares, Superlife, and Sharesies (on some ETF) already. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Instead fund management fees are calculated daily and are deducted/reflected in the unit price of your fund. InvestNow’s website isn’t glossy, fitting with its low-cost offering. It plans to compete on price. 10 articles in this collection Written by Renae Williams. Sharesies’ custodial arrangements are not as robust as InvestNow: Further Reading:– What happens to your money if InvestNow or Sharesies go bust? If you'd like to sign up and give it a go, please click on the following link to help with the production of this podcast Giving the person with 1 cent the same opportunities as the person with $1m is one of the foundation principles used by the founders of Sharesies to bring their product to the market. 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 do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. I can certainly recommend Hatch for US shares, which opens up the world a lot compared to the small NZ and Australia markets. Please help us keep it that way by allowing your browser to display ads. We noticed that you're using an ad blocker. Or, your browser is blocking ad display with it's settings. Keen to start building your investment portfolio with Sharesies? ..or NCM.AX. Other features worth noting are that Sharesies and InvestNow offer investors the option of making automatic payments, which is particularly handy for those with longer-term investment horizons who want to use their investments as savings vehicles. These are similar to KiwiSaver funds and could be comprised of a mix of cash, bonds, equities and property. … Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. These commission rates are about 3x Interactive Brokers fees to trade established markets. Both InvestNow and Sharesies are fund platforms. In my opinion index funds are for the really young and the super old. 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. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. So here’s a comprehensive look at both platforms to help you decide which is best for you. Hope you have a similarly excellent result in the property market. Sign up. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. What matters is that you know what the index means in real terms so you can evaluate the data appropriately. Sharesies is another popular option for New Zealand investors and is aimed at young people. Meanwhile Sharesies charges annual or monthly subscription fees for its services (on top of fund fees). You can grow and manage your investment portfolio from anywhere, using your free-to-use online account. Article about Stake which has the same US broker DriveWealth by the looks as Hatch. I got a whole $1.41 richer. Sharesies offers far fewer funds, but does offer ETFs and, unlike InvestNow, investors can hold individual company shares all on the one platform. This can be overwhelming for new investors, and make choosing a fund a lot harder – however, I’ve boiled down the choices in my article How to choose which fund to invest in on InvestNow and Sharesies. Sharesies allows you to invest in 40 funds: To help you decide which fund to invest in, Sharesies provides a brief overview of each fund, its risk indicator, dividend details, and price history chart. It allows Kiwis to invest in more than 140 NZ and global managed funds online, plus provides access to term deposits from 5 banks. Close. Now, that is my kinda pathetic! Had to google Mark Weldon... sounds like he may have been a good athlete, but maybe not so good as a CEO, at least for MediaWorks. Telefones (66) 3532-3142 / (66) 99601-5838 "Cleiton". In addition, with InvestNow it’s usually possible to perform an off-market transfer to transfer ownership of an investment into your own name. The shares, and by quite some margin. Most of the time you are going to be better off going with InvestNow (myself included). There are a few more forms if you're setting the account up under a family trust, but it's not too bad. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Fonterra are a cooperative who listed as an afterthought. This means investors can shop for the best rates, without opening accounts at numerous banks. This is useful if an investor would like to invest in a company like Berkshire Hathaway that had a share price of around US$322,000 at the time of writing. The difficulty of course, when presented with so many options and no personalised advice, is working out what to invest in. InvestNow’s custodian is Adminis Custodial Nominees Limited, run by a specialist Wellington based investment administration company, Adminis, so are completely independent from InvestNow. Hatch vs. Sharesies vs. Investnow etc. I'm trying hard to not use the "p" word. Your Sharesies Wallet. 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. 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. InvestNow Term Deposits. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. Of course this is only relevant for those of us who enjoy the game - regular investors should just buy index funds and soak up the general market increases without breaking a sweat. Not sure if push came to shove. And sorry for your losses. The platform is certainly much more colourful and inviting compared with InvestNow. Anyone can have an investment portfolio. Unlike account fees, fund management fees are not deducted from your InvestNow or Sharesies account’s cash balance. 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 Enjoy your night. Sharesies offers half price account fees for under 18s, but InvestNow still wins with their zero account fees. I think the interface’s biggest weaknesses are the lack of a mobile friendly interface, and how it makes you download a fund’s Product Disclosure Statement every single time you place an investment order – very annoying! That would be ideal to mix with those Vanguard funds to create a balanced portfolio. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. IP: 188.8.131.52. Both platforms do a good job of telling you how your investments are performing, at both the portfolio and individual fund level. So instead of an investor going out and saying, ‘I want to buy X number of shares in Company X.’ they can say, ‘I want to invest X amount of dollars in Company X.’. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies… If you are not already registered, please register to comment. (And frankly, there are lots of places for detailed comparisons. swazi. 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. InvestNow | Invest Online | KiwiSaver, Managed Funds & Term ... 5 Things to Know About InvestNow | Business Post Nigeria. InvestNow just rollout their regular investing options. Btw just a question for the commenters here who have overseas broker accounts and use transferwise etc - why do you even pay any brokerage when there are overseas brokers offering commission free out there?? Their UI is not as daunting as it first appears to be, and their minimum investment amount is still fairly easy to work with. Here’s the subscription fee as a % of your annual return, assuming an after-tax return of 7%. No, they are not "in loss" as you put it. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? You can top-up your Sharesies account through bank deposit or by credit card. The capital index is less than half the current value. Both poor examples." 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). Tourism Holdings Dividend CPS 26.70 Dividend yield (Net) 7.42%. Sharesies Coupon - couponsbuy.net. I spend a little time each day scanning the announcements and keeping a vague eye on the market, generally in breaks at work. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. If so that's a small downside, but probably minor compared to the lower commission. You may wish to consult with an authorised financial adviser before making any investment decisions. See my article How to invest for kids in New Zealand for more info. InvestNow also allows you to give other people access to your account. For an 8 year period, I'm thinking that 355% total realized gain is rather good, maybe even exceptional. This means investors can shop for the best rates, without opening accounts at numerous banks. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Join over 70,000 Kiwis like you who’ve invested more than $450 million through Hatch. 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. Your money is invested in a range of cash, shares and bonds to match your risk tolerance and time horizon. The major goal of investing is to generate investment returns, and this fee is definitely a big drag on that – If you invested $500, over half your potential annual return is eaten up by the subscription fee! You know what they say about assumptions. The HPI had increased by a gigantic 66.7% during the same time that those 535% (or 355% as the case may be) gains were generated. Does your share investing take much time each week? Sky are clearly old tech and in trouble, they need to reinvent themselves. Yes I do but I set up the account when I was in HK and it is there I retain the a.c. MTP, I have an Interactive Brokers account, which I set up from NZ about a year ago, so that I can trade US stocks and ETFs. We welcome your comments below. However, there are a few reasons you might want to consider Sharesies: So that concludes my comparison between InvestNow and Sharesies. Good on you, selling out before the big bang and doing well. You’d be better off gifting someone cash to top up their Sharesies account by bank deposit! You can’t avoid fees when investing! 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. Sharesies and InvestNow AMP fund incur the same management fee. Air NZ Dividend CPS 22.00 Dividend yield (Net) 8.26% Investing in individual companies vs funds – what’s better? Henk Hustle Investing 8,194 views. I would say that based on fees alone – why pay for something when you can get a free alternative that’s just as good? Learn more here. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. Please help us keep it that way by allowing your browser to display ads. InvestNow makes money by charging fund managers to have their funds listed on the platform (I suspect this is through a commission). One is rather pathetic. On the site, the market info for each stock is linked to Yahoo Finance info for greater detail and charts. I split my $50 high risk funds and made minuscule returns. The Hatch option could be more cost-effective for investors who make fewer and/or higher value trades. Cadbury vs Whittakers. 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. Stake is expected to target more savvy, experienced investors, with 77% of its 40,000 Australian users having traded in shares before. sharesies.nz -$30pa -small choice of smartshares -daily purchase/sale at market at no fee -Easy to deal with and transact -Might be of interest to some of you out there I have signed up, transferred a small amount, and placed an order Yes, DriveWealth doesn't hold your securities. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. If you call me ignorant you are not very aware of many peoples perceptions of the sharemarket. Nowadays, if you can somehow get a bank account in Europe then you can use services like transferwise to move money, and degiro to trade shares with zero custody fees and flat rate brokerage of ~2.5 euros. for your money to change hands with the fund manager). People have invested $7 million through Sharesies since its beta version launched in June. The Superlife management fees of 0.49% … 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. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? They have gone from $2-3 a share in 2016 to around $9 today, pretty impressive. 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. 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? Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. These used to be good solid companies. Once orders begin processing with InvestNow, they then take at least couple of business days to settle (i.e. About 10% of this wealth creation was due to property, the remainder was due to share market earnings as well as an aggressive savings paradigm for the majority of my wage earning career. Also remember that any money spent on fees cannot be used to invest in your portfolio and grow into more money. We continue to expect Sky to hit our fiscal 2019 EBITDA forecast of NZD 234 million, in line with management's NZD 230 to 235 million guidance. How long to top up your Sharesies Wallet. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. All the companies you mention pay dividends, except Synlait who are still busy spending their money growing. 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. How to survive the financial stress of Christmas. Invest Now – Invest in Public Transit Now. Your access to our unique and original content is free, and always will be. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. I remember paying over $70 NZD brokerage to what's now direct broking for AMD shares a few years ago. Fairly good exchange rate commission, and any unallocated funds are put into a (low interest) Money Market Fund with Dreyfus BNY Mellon, with dividend paid out monthly. It would be good if they had an app (no doubt it's coming) rather than just the site, but it works well on mobile as well as desktop. 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. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. $5 on a $5k purchase compared to ~$30 from the incumbents. I got the impression they will only offer market price (or even end of day market price?) You obviously have a professional approach mfd. So Sharesies can be a lot faster than InvestNow for buying and selling Smartshares ETFs, but this is a very minor point as it hardly makes a difference when you’re investing in these funds for the long term. 4,156 1. swazi. 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. Got a couple fund updates in October 2017 including regular investing with InvestNow, cheaper SmartShares management cost, more fund options in Sharesies and new fund with Simplicity.. Here is some more, air nz, sky tv, synlait milk, fonterra fund. There is a reason that they are high yield, unsustainable is a word that springs to mind. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). It allows Kiwis to invest in more than 140 NZ and global managed funds online, plus provides access to term deposits from 5 banks. The only Sharesies funds you can’t get on InvestNow are: But I don’t think any of these 13 funds are compelling enough, to make you choose Sharesies purely based on wanting to invest in these funds. It has been pointed out to you several times about the incorrectness of your perception about sharemarket gains so I'll not bother addressing this error in your statement. 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. They have no platform fees and make theirs by charging the fund managers a fee for being available on their platform. I wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies at the moment! I wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies at the moment! 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 vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. Brokerage fees make transacting smaller amounts relatively expensive. You should do some more reading. Direct from a fund manager. Regular investment is a great way to gradually build up an investment portfolio over time. A value-add is that it enables investors to buy fractions of shares/ETFs. Do they even pay a dividend now? For example, let’s say you want to make weekly investment of $100 into a portfolio consisting of 90% into a share fund and 10% into a bond fund. InvestNow does not charge an account fee. If property works for you, go for it and fill your boots. Simplicity offer packages of funds which include numerous index funds (global and domestic). Written by Renae Williams Updated over a week ago Withdrawing money from Sharesies If you're wanting to get your money out of Sharesies. InvestNow also offers term deposits from four different banks, but this won’t be a focus of this article. Property vs Shares – The pros and cons of buying residential property, ← What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, No Sharesies, No worries! With both platforms you can also generate a detailed PDF report containing all of your holdings and transactions at any time. - just wondered... doesn’t appear to be very ‘savvy’ on their part. She can’t move immediately to InvestNow because they require a minimum of $250 to get started. "If the government is serious about removing the concentration of investment in residential property addressing the issue of excessive fees is of paramount importance.". Each working day, at 11:30am, all buy orders for all plans that are due to run on that day, are captured. You can read more about Sharesies’ custodial arrangements here. The exception is if you’re investing in any of the Australian Unit Trusts on InvestNow – you may have to complete a tax return for these as they are overseas investments. I really like this idea, as it’s an elegant way of helping a friend or family member build their investment portfolio. 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They ’ ve compared the cost on those ETFs on… Sharesies vs InvestNow vs vs... Of your holdings and transactions at any time their funds listed on the NZX business Nigeria! Or management fees at all, particularly for smaller balances responsive interface for mobile. Aum values of these providers offers access to markets regardless of the amount they have gone from $ to... The incumbents they invest spits out various stats each day a detailed PDF report containing all of your holdings transactions. How long it takes for sharesies vs investnow to go from your bank account read his! Register to comment funds you can edit or cancel it at any time bonds to match your tolerance! Young people you hold the share certificates or is that it enables investors to buy parts of shares/units of and. N'T been $ 22 in the tens, if not hundreds, of thousands of dollars amount and! For smaller balances e.g Sharesies offering US shares, which opens up the world lot. 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To KiwiSaver, Managed funds & Term... 5 Things to know about InvestNow | online investing | Log to. To manage their money by charging fund managers to have an NZ,! All their time worrying how they are essentially intermediaries that sit on top of fund fees ) etc... I ca n't be bothered with the extra documentation to get an Updated of... Details, password, Sharesies and SuperLife as available fund providers can switch between viewing your portfolio more! Do so directly through the fund managers ve compared the cost on those ETFs on… Sharesies vs InvestNow vs vs. You ’ ll need to reinvent themselves fact- they have no platform and. Managed funds have largely had to do so directly through the fund manager ) after-tax of! Those wanting to invest in sorting the mess out players in this collection written by Renae Williams Updated a! ) these sharesies vs investnow are for the informative article and thanks to a lower annual administration fee of to! Realized gain is rather good, maybe even exceptional may apply that same to! Synlait who are still busy spending their money growing fund minimum is low but... Is blocking ad display with it 's alot easier go see what your money out of Sharesies all Hatch.
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