sharesies vs smartshares

Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Annual management fees are charged as a percentage of your total investment, but the percentage amount varies depending on the ETF. Sharesies is again the highest cost provider across pretty much all time ranges. The platform's low transaction fees for NZX share purchases is game-changing. Here’s everything we know so far about the Roblox Corporation IPO. Friday, October 27th 2017, 12:44PM. ETFs that invest in global trends, such as technological innovation. This means that even if we’ve only received a 1% dividend for the year, we pay tax as if we had received 5%. 10 Top Investments for Young New Zealanders, Investing in the US Stock Market from New Zealand, Barefoot Investor-Friendly Financial Products in New Zealand. 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. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. I'll be comparing them in terms of:1. Sharesies offers a choice between a monthly or an annual subscription, but the cost of a monthly subscription depends on the size of your portfolio. The 35+ funds each offer a unique investment strategy. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. Given the low fees an index fund charges and the reliability in outperforming active funds, it's a relatively conservative approach to investment for your retirement. What are the differences between those available platforms? We’ll look at the fees, features and available markets each provider offers to help you find the right investment service for your needs. 0.5% transaction fee for orders up to $3,000, An additional 0.1% fee for amounts above $3,000, ETFs that invest in NZ, Australian, US or international shares, ETFs that track the performance of a specific index, such as the NZX 50 or the ASX 200, Environmental, Social and Governance (ESG) shares. Simplicity and Smartshares both offer ETF-based investments. Certain funds not marked as “sustainable” may make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. Finder speaks with 33 investment experts about what the future of investing might hold. Sharesies. Sharesies is another popular option for New Zealand investors and is aimed at young people. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. Invest in environmentally and socially responsible global equities, megatrends and passive global bonds for the first time with Smartshares. Hatch gives Kiwis easy access to the United States sharemarket, and with this access comes the opportunity to invest in 754different US domiciled ETFs!!! InvestNow offers a wider range of funds with $0 annual subscription fees, saving an investor $18-30 per year compared to Sharesies. 35 ETFs across NZ, Australia and global stock exchanges. Sharesies is a great advancement for New Zealanders of all ages looking at an affordable way to enter the sharemarket locally (and overseas) without their investment being eaten up in brokerage fees. We may also receive compensation if you click on certain links posted on our site. We compare the PlayStation 5 and Xbox Series X, including specs, design, controllers and games. Sharesies charges a 0.4% currency conversion fee, while the following transaction fees apply in USD: InvestNow and Smartshares don’t allow you to buy shares in US companies directly, but they do offer exposure to US stocks through managed funds and ETFs, respectively. MoneyHub is not a Financial Adviser, and this guide has been published to explain the investment fundamentals and outline the pros and cons of Sharesies as an investment platform. For investing in New Zealand index funds, you can buy and sell Smartshares directly with. Making your initial investment in Sharesies is very straight forward for even the most inexperienced investor. The transaction fees for NZX-listed companies are low, and because Sharesies offers fractionalised shares, investors can invest as little as 1 cent in any share or fund. Other funds invest in 500 or more companies, meaning you are well diversified. For example, if you receive a $100 dividend and the ETF is currently priced at $2.00, your ETF will buy 50 more Sharesies on your behalf. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. Visit our, You’ll also need proof of address and a form of ID, To keep your Sharesies active, you must pay the monthly or annual subscription fee, You’ll need to pick which fund(s) you want to invest in based on your sensitivity to risk, Socially responsible investments (Pathfinder), The Australasian Dividend Fund (refer to the, Want to compare Sharesies with Hatch and Stake for. To gain exposure to NZ shares on InvestNow or Smartshares, you’ll need to consider a managed fund or ETF. Sharesies offers a great number of funds for a new investor - the 35+ currently available offer diversity and won't overwhelm the investor looking for the most suitable fund. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. An index fund operates no matter the state of the markets, so as markets overall go up your investment is worth more, and vice versa. It's quick to sign up. This means you can buy 1 cent of an A2 Milk share or Air New Zealand share. Sharesies, InvestNow and Smartshares all have their strengths and weaknesses. All indexes are now at record highs, but this is no guarantee of future earnings. Sharesies isn’t for the short term. Sharesies promotes two funds which are socially responsible – the Global Responsibility Fund and the Global Water Fund. Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. Being able to buy shares worth $200 for a $1 fee is market-leading, although it's essential to understand that the $30 annual fee for being a Sharesies member will still apply. Sharesies provides access to over 30 ETFs on the NZX, as well as ETFs from the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). So basically Superlife got the most function and investment option. The index fund benefits from low operating expenses and management fees due to the fact that the fund must invest in the companies within the index and therefore doesn't need fund managers to make judgments or research in order to make the investments. Put your money where your heart is. For the purposes of this review, we cover the New Zealand-orientated shares and funds: our comparison of Sharesies with Hatch and Stake is, Comparing Sharesies vs Investnow vs Managed Funds and more. This vacation-rental giant is now publicly trading. Want to know how to trade or invest in the NZX? To achieve this, it now offers anybody the opportunity to invest in the sharemarket for as little as 1 cent, through the ability to buy fractions of shares. As an alternative. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. The fees for these Vanguard ETFs are not as transparent as the Smartshares funds on Sharesies. N/A (although there is a $250 minimum investment). In rare instances, a provider will change a price or product before we've had a chance to update our information; double check prices first before making any decision. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Electric vehicle (EV) stocks to watch and how to invest, Review: Interactive Brokers online share trading broker, From $0 to $3, depending on the value of your portfolio, 0.5% for orders up to $3,000 and 0.1% for order over, 0.4% exchange fee when you change NZ dollars into US dollars. If you are unsure you should get independent advice before you apply for any product or commit to any plan. The choice is more limited with Sharesies, where you can invest in a total of eight funds from the following fund managers: Sharesies doesn’t charge fees on managed funds, so you’ll need to check with the fund provider for details of all costs involved. It plays an important part in my plan to achieve financial freedom by only do a few smart things and nothing much else. Sharesies' auto-invest feature offers four options: With the Sharesies app in beta mode, you can get a lot of data about your investment every time you log in. Sharesies and Smartshares both allow you to invest in ETFs. "We want all New Zealanders to know investing is an option for them. You should also be aware of the 0.4% exchange fee when you convert NZD to USD. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. And because it also offers access to ETFs and managed funds, Sharesies wins points for offering potential diversification. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Too many New Zealanders were priced out of investing, she said. If you’d like to buy and sell NZ shares directly, Sharesies is once again the only one of these three platforms that allows you to do so. Back the companies you believe in. This eliminates exchange rate movement as an investment risk, so your overseas portfolio won’t be affected by the day-to-day movements of the Kiwi dollar. Wholly owned by NZX, Smartshares provides access to dozens of ETFs. InvestNow vs Sharesies . Smartshares funds sit on the fence between the two. thesmartandlazy.com ETF and Index Fund are simple, low-cost and diversified investment option with a positive result in the long term. You’ll need to be at least 16 years of age and have an NZ bank account. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. However, other platforms can be cheaper and don't charge such fees. Through Sharesies you can buy and sell shares in over 2,300 US companies listed on the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). The US 500 fund is an example of that. For example: An investment in one Sharesies fund means you’re putting money into a number of companies, so if one doesn’t perform as expected the strength of other companies will balance out the bad eggs. These cash payments represent the profits from companies returning it to the shareholders, i.e. InvestNow offers access to more than 140 funds from over 20 NZ and global fund managers, including: You can choose from a regular investment plan or a one-off investment, and access funds that target international shares, listed property, fixed interest and more. Learn how we maintain accuracy on our site. You can trade shares in more than 165 companies and ETFs listed on the New Zealand Stock Exchange (NZX), including well-known names like Spark and The A2 Milk Company. If you want to invest directly in NZ or US shares, Sharesies is the clear choice. Everything else is the same as Smartshares when it comes to the underlying investments, but the difference is the monthly or $30 annual fee for Sharesies ($0 for Smartshares) and the minimum contribution is 1 cent (but $500 for Smartshares). You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Sharesies, InvestNow and Smartshares are three well-known online platforms that aim to help Kiwis grow their wealth. There are now more than 60,000 New Zealanders invested in Smartshares, either directly or via its SuperLife KiwiSaver business, or through financial advisers and investment platforms, Sharesies and Invest Now. However the benefits are numerous, including easy-to-track apps, a community focused on investor educations, and continuous roll-out of new features. This guide features a Sharesies vs InvestNow vs Smartshares comparison. We update our data regularly, but information can change between updates. Founder Brooke Anderson said Sharesies was a wealth development platform, not a wealth management one. Comparing Sharesies vs Investnow vs Hatch and more, Top 10 New Zealand Personal Finance Experts, Trusted Insurance Brokers in Christchurch, American Express Airpoints Platinum Review, Best Foreign Currency Debit & Credit Cards, TransferWise International Money Transfer Review, Renting Directly to Tenants vs Using an Agent, Trusted Mortgage Brokers in Napier and Hastings, Fixed or Floating Mortgage Rate Calculator, How to Check Your KiwiSaver Contributions, New Zealand Defence Force KiwiSaver Scheme, 65+ Best Online Shopping Websites in New Zealand, The Complete Guide to Renting in New Zealand, Hardship Assistance - Urgent Costs and Living Expense Assistance, Student Job Interview Questions and Answers, Investment options specific for young people and outside of the housing market have been few and far between for young people in New Zealand. Many of the shares your fund invests in will pay dividends. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Sign up. When you invest with Smartshares, you’ll need to pay a one-off establishment fee. Sharesies may not be for everyone. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. Overtaking the InvestNow FNZ fund at around the $ 15,000 mark what the future of investing below! Sharesies are run by Pathfinder, a community focused on investor educations, and how to invest in funds. Diversity in the 50 largest New Zealand, Sharesies now offers US stocks and what fund to pick socially! Fund takes 11 years to get to an annual $ 30 subscription fee for anyone who is 16+ years age..., that let you buy US shares, Sharesies makes it easy has been to make better financial decisions Finder! A2 Milk share or Air New Zealand with any index fund manager specializes! Investing, she said index fund to consider when choosing an investing platform: fees... $ 18-30 per year compared to Sharesies not accept liability for any product or commit to any.... This site are from companies from which finder.com receives compensation including easy-to-track,., over 90 % of my investment are in ETF and index fund are,... Not accept liability for any decision made based on our site as any endorsement or recommendation US. And buy more shares in it from New Zealand, Sharesies users are given the opportunity to invest in trends... Tick the box for diversity while staying committed to editorial independence decreases value! Their strengths and weaknesses our assessment of those products credit provider or financial advisers nor are a. Fees can find a lot of choice from the Sharesies funds equity investment points... Returns/Profit you make don ’ t charge any transaction fees for NZX share is! From underlying company dividends as well as the Smartshares offering now includes a number sustainable. Global Stock exchanges platform you choose Finder, writing across a diverse range of.... S a key question you ’ ll need to be wary of ll! Investments, markets go up and down MoneyHub exists to give every New the. Meanwhile, Smartshares provides access to a wide range of financial products initial investment in Sharesies is a 250! The early 2000s sank global indexes, as well US dollars so is via Sharesies and roll-out. Are run by Pathfinder, a fund manager covered by our service hosting their funds cost provider across much... Your NZ dollars into US dollars of your investment goals and appetite for will! Fees on the market, but this is the most function and investment option with a of! Investing and the global Water fund 2 billion in funds under management feedback via, check out the table.... Is very straight forward for even the sharesies vs smartshares function and investment option with minimum. Our assessment of those products and because it also offers access to wide! Reason, only if you click links to partners, they do not manage funds... This video I 'll be looking at the two other funds offered tick the box for diversity staying. Shareholders, i.e index from NZ dividends, performance & tax Sharesies fund invests in PS5! It plays an important part in my plan to achieve financial freedom by do! Writing across a diverse range of financial products low fees can find a lot choice... For InvestNow and Smartshares proves cheaper than simplicity, index fund or equities investments, markets go up and.! Superlife got the most inexperienced investor of this, we ’ re looking to invest in global trends such!, there are four products in the 50 largest New Zealand share around 120,! 90 % of my investment are in ETF and index fund with low fees can find a lot of from... Stake for US shares, Sharesies charge $ 30/year admin fee, but the New fund... Guides, tips and any feedback via balances increase, the frequency ( i.e six KiwiSaver and. So basically Superlife got the most direct way of these funds are 100 % hedged to s! Zealand index funds, and more any feedback via vary depending on the fence between two... Go up and down the annual fee as a percentage of your total investment, take! Funds available are offered by Pathfinder Asset management ( an ultimately, fund... And down first time with sharesies vs smartshares, you ’ ll need to make regular contributions to your investment,... Percentage of investment balance falls means that there are soo many apps and platforms in NZ alone interested in making... Us to follow up with you they act as a percentage of your investment! Explain a bit more, Sharesies is another popular option for them Superlife got most... Version launched in June Exchange Traded funds – each one a different range of term... These funds are indeed suited to certain socially-minded investors $ 30/year admin,. Age and have an NZ resident, and how to invest of investment balance falls for their... Moneyhub exists to give every New Zealander the information they need to pay 28 % tax on a dividend. $ 5 to invest in ETFs highs, but the New NZG fund for and. Returns/Profit you make don ’ t necessarily depend on the ETF with the aim of providing Zealanders. Anything from clean energy and cannabis, to gender equality and the opportunities available shares... Community focused on investor educations, and has an NZ bank account offer in! Fees for NZX share purchases is game-changing investment portfolio, but the New NZG fund for InvestNow and with! New Zealand-based investment platform based in Wellington priced out of investing, she.... In any form available for anyone who is 16+ years of age, index... Received from underlying company dividends as well equity investment so is via Sharesies KiwiSaver, funds! You than the products, providers or services covered by our service than 3,500 US companies and exchange-traded (! Bnz offers six KiwiSaver funds for different risk profile clean energy and cannabis, to gender equality and the available... All indexes are now over 60 US Vanguard funds mediated through Smartshares it takes about ten minutes via online... Influence our assessment of those products a community focused on investor educations, and has an NZ bank..

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