You should seek advice from a licensed financial advisor. It has very limited selection of funds. Then you will learn soon enough how much you are willing to be actively involved in the day to day business of buying shares. Sharesies vs InvestNow vs SuperLife vs something else? Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. Unfortunately it is maturing next month and those rates are nowhere to be found hence am looking at alternative options. Anyone can have an investment portfolio. I use TDAmeritrade because I want to invest in the US market not in the NZ one. Mortgage free in 2 weeks time. Sharesies and InvestNow AMP fund incur the same management fee. 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. I have a buffer in way of 3 months emergency fund. Sharesies offers far fewer funds, but does offer ETFs and, unlike InvestNow, … One other option I had a look at is Term Pie Funds, but the rate is also not that great. 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. 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 started reading about a few start-ups e.g Sharesies but am still having trouble deciding which is the best to go with. If you want to be involved in trading shares, Sharesies is too simple in my opinion. 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. Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. Sharesies vs Smartshares. Wait for confirmation email. 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. Sharesies. I only plan to check on performance every 3-6 months then decide which funds I will top up. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, … Vote. Very low fees due to non-profit structure, invests in Vanguard ETFs. Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. If you are willing to pay the fees it could be a good option for you. join InvestNow/Sharesies/Simplicity. Adding some extra $$ to your emergency fund until you know which strategy to pursue is not a bad thing. Therefore SmartShares contribution the cheapest option for US500 ETF investing. Are you prepared to lose 20% in the next few years before things improve? Why not try out several strategies with smaller amounts? Let's say 10k for each then spread between 3-5 different funds. A place to discuss personal finance for New Zealanders. I did have a look at P2P before to the point of creating an account. Smartshares has a $30 set up fee, but no ongoing costs. However sharesies has a far superior UI, so it's alot easier go see what your money is … Below that it is free. 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 leaning towards this approach e.g. 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. Hence I plan to spread the risk e.g. Investnow is one of the best personal investing platforms available in New Zealand due to its zero dollar platform fees. Press question mark to learn the rest of the keyboard shortcuts. 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%). But then I ended up where I read about it, then say I will do it but never did. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. Sharesies … Close. Forsyth Barr allow you to buy bundles of shares directly rather than funds, so might also be worth doing. 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/. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. Just like our range of Managed Funds, we bring you Term Deposits from a number of banks here in New Zealand. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Yes it was. 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 think I can lock it for between 3-5 years. Or what is the next safest option out there? Do you have a mortgage ? Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. More posts from the PersonalFinanceNZ community. (https://www.smartshares.co.nz). So, do I invest in Smartshares ETFs or use Sharesies to invest in the same ETFs ? and then wait ±6hrs for the confirmation email. investment amount / term / total amount less fees. InvestNow … I have been using InvestNow for the last 6 months as a front end for my Index-linked portfolio. Since I will be mortgage free in 2 weeks time is why I decided to try something riskier. Can be longer but I don't think I will need it in the next 3 years. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. Sharesies vs SuperLife & SmartShares. I'm sorry, did you say your current term deposit rate is 5.5%? 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. 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 do agree that to get a better return would mean fees and risk. InvestNow does not charge its customers an administration fee. You can grow and manage your investment … How long do you want to lock your funds away for ? I'm new to Investnow and just … Please keep this GZ community vibrant by contributing in a constructive & respectful manner. Spend $x with Sharesies, spend $x with the likes of InvestNow / Vanguard / SuperLife and give yourself the same amount to actively manage. NZX50 then ASX20 if I go with Sharesies. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Have you looked into managed funds? I always save a percentage of my income towards my emergency fund so that will continue. They are PIE, their funds are Exchange Traded Funds (ETF's) meaning you can buy and sell direct as if they are shares. Sharesies vs InvestNow summary InvestNow offers the widest number of funds and ETFs, and doesn't charge a platform fee. Hi there, I am a noob in the finance world and I am learning about ETFs. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. To sell, you select the stock, enter amount of shares & press sell. They have low minimum investment amounts, … I split my $50 high risk funds and made minuscule returns. I'd add Simplicity (non Kiwisaver) to your list. If you have a larger portfolio and want more choices like some US stocks, then Sharesies would be better. Both InvestNow and Sharesies are fund platforms. This will be my first time with shares apart from Kiwi Saver. I have around 20-30K to play with. CrashAndBurn: I have some term deposits maturing next month and would like to give investing in … I was hoping for some comparison tables e.g. There is some … 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. It allows Kiwis to invest in more than 140 NZ and global … I see that Smartshares doesn't charge too much but getting your money out of Smartshares is complicated. Legacy investment services like … The little things make the biggest difference. Obviously you will need to consider how much risk you are willing to accept for the desired growth. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. My question: Is Sharesies/Stake a better platform to invest in ETFs when compared with Smartshares? The funds I am actually in are the SmartShare Global and NZ and have seen good return over the last 6 months on those. Posted by just now. I am interested in couples of their bond funds like Nikko AM NZ Bond … For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow … Sharesies vs Smartshares. Press J to jump to the feed. ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. I read that Sharesies is targeted for investors with 5K or less. If it happens in the next 4 years, what other options would you suggest to park it safely? 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