sharesies vs investnow
I can certainly recommend Hatch for US shares, which opens up the world a lot compared to the small NZ and Australia markets. That, and changing how share assets are taxed, i.e. 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. Comparing Sharesies vs Investnow vs Hatch vs ASB Securities ... InvestNow | Online Investing | Log In To Your Online Account. Regular Investing with InvestNow. Learn more here. Jenée Tibshraeny compares investment platforms Sharesies, InvestNow and Hatch, as they continue to break new ground making local and global markets more accessible. 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. InvestNow does not charge an account fee. InvestNow doesn’t charge its users. Given Sharesies targets beginner investors, this feature could encourage investing based simply on past returns and biggest dividends. From memory your property is not in nz which could make a difference. Depositing money into your InvestNow account is done via a bank deposit, and deposits are usually processed overnight. How? ASB Securities charges 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. 10 articles in this collection Written by Renae Williams. 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. 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. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! .... You start with a large fortune and before long it will be a lot smaller. I split my $50 high risk funds and made minuscule returns. I’ve compared the cost on those ETFs on… No I didnt read the sky tv annual report :) I leave that to the shareholders to watch their deteriorating position. So Hatch or its parent company Kiwi Wealth do not hold your shares and you have to be okay relying on Hatch's international partners, but they seem solid (but stranger things have happened at sea). 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?? Your tax obligations should not differ between investing in InvestNow and Sharesies. To get set up, there are a few forms to fill out. 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 Coupon - couponsbuy.net. 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? The catch is that all of Hatch’s offerings are listings on the New York Stock Exchange and Nasdaq. Just one thing to be cautious about is that most funds on Sharesies are not tax friendly for kids, as the Smartshares ETFs are all taxed at 28%. You can easily access a wide variety of managed funds through Sharesies or InvestNow. Sharesies’ custodial arrangements are not as robust as InvestNow: Further Reading:– What happens to your money if InvestNow or Sharesies go bust? Just as I will not convince you to go big in property. 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! Retail investors have always been able to access local and global share markets. Direct from a fund manager. Well, you can’t invest in the bond fund because 10% of $100 is below the $50 minimum. 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. 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. It has revealed its brokerage fees for NZX trades. They have low minimum investme… In addition, with InvestNow it’s usually possible to perform an off-market transfer to transfer ownership of an investment into your own name. Cash deposits, and investments in non-listed funds are held by custodian Sharesies Nominees Limited, while investments in listed funds and shares are held by NZX owned New Zealand Depository Nominee Limited. Thanks for the write up Jenae. Fonterra are a cooperative who listed as an afterthought. That share hasn't been $22 in the last month. Unfortunately InvestNow only updates the data on their Performance tab monthly. With hatch and US stocks do you hold the share certificates or is that held in a US entity of some sort ? 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. Shares are inherently risky and bricks and mortar are about the safest investment available which is why banks lend on houses. The rise of DIY investing does also not erode the value of financial advice. Close. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Sharesies offers half price account fees for under 18s, but InvestNow still wins with their zero account fees. InvestNow announced they added 7 SmartShares ETFs into their investment platform. Investors would normally need a minimum of A$500,000 to invest in these Vanguard funds that have low fees of 0.20% and 0.26%, but can make one-off investments of $250 through InvestNow. I split my $50 high risk funds and made minuscule returns. 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. If the government is serious about removing the concentration of investment in residential property addressing the issue of excessive fees is of paramount importance. 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. If you dig around on social media sites, you’ll find heaps of positive comments from their happy users. I’m really enjoying Sharesies. Sharesies vs SuperLife & SmartShares. Both InvestNow and Sharesies are fund platforms. And fun. Do they even pay a dividend now? If you call me ignorant you are not very aware of many peoples perceptions of the sharemarket. The difference between investing in Term Deposits through InvestNow is that you don’t have to have an account with the bank you want to invest in, making the process extremely easy. Sharesies’ fun user experience and much smaller offering better target new investors, however its subscription fee makes it costly for those with very small amounts to invest. 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. Written by Renae Williams Updated over a week ago Withdrawing money from Sharesies If you're wanting to get your money out of Sharesies. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? 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. 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. Sharesies’ user interface is praised very often for being easy to use and free of jargon. 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 The content of this article is based on my personal opinion and should not be considered financial advice. I am amused by some of the commenters above, particularly Houseworks comments. Hatch vs. Sharesies vs. Investnow etc. 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. InvestNow also allows you to give other people access to your account. The ICBC FS (Industrial and Commercial Bank of China Financial Services), which is one of the largest banks in the world and 70% owned by the Chinese government holds them. It is a cheap and easy way to invest and you can contribute small amounts every week. In my opinion index funds are for the really young and the super old. Vanguard through InvestNow. Article about Stake which has the same US broker DriveWealth by the looks as Hatch. Thanks Jenee for the informative article and thanks to the interest.co common taters for the educative discussion. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. How to survive the financial stress of Christmas. I am interested in couples of their bond funds like Nikko AM NZ Bond Fund, Nikko AM NZ Corporate Bond Fund and Nikko AM Global Bond Fund. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. The Sharesies platform’s legal entity is Sharesies Limited. It has also been granted a robo-advice exemption by the FMA, so could in the future start offering personalised financial advice online. Posted by 3 months ago. I've also had the same tenant for a few years now and have been pretty gentle with the rent raises as they're looking after the place quite well. You can grow and manage your investment portfolio from anywhere, using your free-to-use online account. Info on how long it takes for money to go from your bank account to your Sharesies Wallet. 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 makes it easy to start investing—no jargon, no minimum buy-in, and all online. However, there are a few reasons you might want to consider Sharesies: So that concludes my comparison between InvestNow and Sharesies. I can't find anything written up, but maybe I've missed it. You own the shares, but your name does not appear on a share certificate. your accountant or adviser). With Sharesies, all dividends/distributions are paid into your wallet and must be reinvested manually. "Sky are clearly old tech and in trouble, they need to reinvent themselves. … Henk Hustle Investing 8,194 views. There was a custodial fee too. Remember we welcome robust, respectful and insightful debate. Anyone can have an investment portfolio. Use of images to improve presentation is perfectly fine. It looks like he did rather well to grow NZX. Owned by Wellington based Implemented Investment Solutions, InvestNow launched in 2017 and now has over 13,000 users, with over $300 million invested through the platform. We welcome your comments below. Among InvestNow and Sharesies' offerings are the popular NZX-listed Smartshares ETFs, which track local and foreign markets, and managed PIE funds. InvestNow’s regular investment plans allow you to invest a minimum of $50 per fund weekly, fortnightly, monthly, quarterly, or six-monthly. I decided to look at data instead of articles that may be pushing forward inaccurate data. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Even in my portfolio, I hold 10-20 stocks so can soak up a few nasty surprises without going broke. I like Sharesies. It sounds like you've been burned before, perhaps even enough to develop an aversion to investing in productive businesses, so I'd recommend index funds to keep your emotions out of it. However, gifts also incur the same fees as topping up by credit card, so be careful about relying on this method too much. You’d be better off gifting someone cash to top up their Sharesies account by bank deposit! steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies… 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? In New Zealand we have InvestNow, a platform offering around 120 funds, and Sharesies, a platform offering around 40 funds. 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. Subscribe to get new Money King NZ articles in your inbox. HW displays an ignorance about investing in the share market as well as the risks involved. With my share holdings, I pay the companies management team to deal with the day-to-day issues. With both platforms you can also generate a detailed PDF report containing all of your holdings and transactions at any time. Sharesies. You may wish to consult with an authorised financial adviser before making any investment decisions. Not sure if push came to shove. The platform is certainly much more colourful and inviting compared with InvestNow. 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 allows you to invest in over 110 funds including: Offering over 100 funds gives investors a huge amount of choice – and they continue to add more! at least couple of business days to settle. For example, it would be awesome if I didn’t need 2FA to log in, and only needed 2FA to buy/sell funds and make withdrawals. 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. Great to see all these new initiatives that enable people to invest small amounts in Nz without the hassle and risk of offshore accounts. You obviously have a professional approach mfd. It also means that investors don’t miss out on returns by having residual funds sitting in their Hatch accounts. Tourism Holdings Dividend CPS 26.70 Dividend yield (Net) 7.42%. Investors will have to figure out their own risk profiles and how they’d like to structure their portfolios, before weighing up the best ways to manage their investments. 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. Both platforms make their money by charging fund managers for hosting their funds. It must be profitable or you wouldn't invest the time required. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. You also get a wider offering of funds, including the low fee Vanguard and AMP index funds. They are both fund platforms providing investors easy and cheap access to a large range of funds, but digging deeper uncovers many differences. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. It’s not cheap at all, particularly for smaller balances. Putting money into your IB account (or withdrawing it) is just a simple bank transfer, which costs nothing. 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. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. Info on how long it takes for money to go from your bank account to your Sharesies Wallet. There is a reason that they are high yield, unsustainable is a word that springs to mind. Brokerage fees make transacting smaller amounts relatively expensive. These used to be good solid companies. KiwiSaver – your KiwiSaver account is actually a managed fund. This is absolutely not a good investment strategy as past performance is not an indicator of future performance. You always hear about the successes and never the failures. 10:25. InvestNow has more options for tax friendly funds for kids. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Until this discrepancy is addressed our financial markets, particularly the equity and bond markets will continue to lag as an investment choice for retail investors. InvestNow does not charge its customers an administration fee. How long to top up your Sharesies Wallet. I looked here: https://nz.finance.yahoo.com/chart/NZX.NZ/ and came up with a total return that was lower than the 535%, but instead 355%. Shareholders spend all their time worrying how they are doing and whether the Dow or FTSE has crashed overnight. I've a third of a century of prudent and relatively low risk investment in the share market. Investors should ultimately remain focused on what they invest in, not how they go about investing. Those wanting to invest in managed funds have largely had to do so directly through fund managers. 0. For an 8 year period, I'm thinking that 355% total realized gain is rather good, maybe even exceptional. They are essentially intermediaries that sit on top of traditional financial markets and products, providing investors with new ways to access them. 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. 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. I got a whole $1.41 richer. The article I read about his departure from NZX mentioned something about a 535% return in the 8 years he was chief executive. InvestNow also offers term deposits from four different banks, but this won’t be a focus of this article. Hatch vs. Sharesies vs. Investnow etc. 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. Instead they are held on your behalf by a custodian, which is not as ideal as owning the investment yourself, but there a couple of features that come with custodians to protect you: The InvestNow platform’s legal entity is InvestNow Saving And Investment Service Limited. This means investors can shop for the best rates, without opening accounts at numerous banks. There are a few more forms if you're setting the account up under a family trust, but it's not too bad. It's quick to sign up. 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). Sharesies, InvestNow and Superlife are all options to buy NZ index funds at a retail level - this includes the range of funds by Smartshares. Also remember that any money spent on fees cannot be used to invest in your portfolio and grow into more money. You can read more about Sharesies’ custodial arrangements here. 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. The purpose of this piece - written by a journalist not a financial adviser - is to compare investment platforms (see commentary below table). But overall I think InvestNow provides better reporting as their functionality for filtering transactions is a lot more complete (on the Activity tab). 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). 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. In many cases it’s possible to invest in a fund directly through the fund’s manager. Win win. See my article Sharesies vs ASB Securities and Direct Broking for more information on investing in individual companies. 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. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. What marketing strategies does Sharesies use? taxing unrealized gains. They will then need to pay a brokerage fee of up to US$8 to buy and sell units. The good news is that the ‘pie’ of everyday Kiwi’s playing the game is growing. Now, that is my kinda pathetic! InvestNow and Sharesies are like fund supermarkets that offer a range of funds through a one-stop shop. Helpful info on how to put money into your Sharesies Wallet and how to get money out. I track the unitised value of my portfolio and compare to indices so there's no hiding my performance. It allows Kiwis to invest in more than 140 NZ and global managed funds online, plus provides access to term deposits from 5 banks. It's only been going since June, so how did startup Sharesies capture thousands of customers and millions of their hard-earned money? Whereas property investors can sleep easy. Talk about a structural impediment! But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. There are still bad points about the interface. One is rather pathetic. InvestNow’s custodian is Adminis Custodial Nominees Limited, run by a specialist Wellington based investment administration company, Adminis, so are completely independent from InvestNow. Air NZ Dividend CPS 22.00 Dividend yield (Net) 8.26% It also gives investors the opportunity to pay low wholesale rates to invest in funds that track markets. Stake is expected to target more savvy, experienced investors, with 77% of its 40,000 Australian users having traded in shares before. But this is not always a good thing! Processing Times. 10:25. I can't find anything written up, but maybe I've missed it. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, How to choose which fund to invest in on InvestNow and Sharesies, Sharesies vs ASB Securities and Direct Broking. Even with zero account fees, you will still have to pay fund management fees – this is a fee paid to the manager of the fund you invest in, and is calculated as a percentage of the value of your investment. 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 runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. If you change your mind about the plan, you can edit or cancel it at any time. 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. 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. You also get a premium ad-free experience if giving a minimum investment of just one!... 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