A brand new insurance experience! 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. Sharesies offers fractional share investing, so even if a share costs more than the amount of money you want to invest, you can still buy a fraction of that share. Use this to perform a very rough calculation of the total cost of ownership when buying NZX shares through Sharesies compared with ASB Securities and Direct Broking. Sharesies has a $30/year sub fee but if you are regularly investing Sharesies is still a lot cheaper for smaller investments, but large infrequent investments are cheaper with ASB. 47 likes. CrashAndBurn: 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%). comparison between investing in funds vs individual companies, What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, 5 things to know about investing in Peer to Peer Lending, What I learnt – Craigs Investment Partners Investing Workshop. 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). When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading.ASB Securities terms and conditions apply. There’s a new kid on the block. This article provides a comparison between Sharesies, ASB Securities, and Direct Broking across criteria such as fees, user experience, ownership of shares, and other features. Sharesies vs InvestNow vs Smartshares: Available markets. Pricing data supplied by ASX and/or NZX. So it's a good deal if buying lots of less than $1,000 at a time. Both ASB Securities and Sharesies use price discovery algorithms, but the Sharesies algorithm seems to be more restrictive in that it won't let you trade very far from the ticker price. Sharesies is significantly cheaper for Dorothy! For example, if a share in Spark costs $4, I could still invest $1 to buy a quarter of a share. The $15 fee for <$1000 at ASB Securities would only cost you up to $5 with Sharesies, above $6000 ASB Securities is cheaper in terms of raw fees. Sign up. ... ASB and ANZ investment will accept investing in kids name. ASB Securities Limited is an NZX firm. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. DRPs are plans offered by some companies, allowing shareholders to automatically reinvest their dividends into buying more shares, with no brokerage costs, and usually at a discounted price. Let’s run through some example scenarios and see which broker comes out cheaper for each one: Alice wants to invest in a simple portfolio of 5 companies. Brokers charge brokerage fees on every trade i.e. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Pricing data supplied by ASX and/or NZX. The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? Winner: ASB Securities and Direct Broking. The minimum investment amount with Sharesies remains at a super low $0.01. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. ASB Securities is the DIY share trading platform of ASB Bank, offering a diverse range of investment options and different ways of trading through the same platform. Given her infrequent investments, the lack of ongoing fees for these two brokers are enough to offset her higher upfront brokerage costs. By buying shares in one of these companies, you become a shareholder, and own part of the company! When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. The total cost of ownership includes: However, it is still really hard to say which broker is cheaper for you once you take all of the above into account. If you’re looking for a simple way to dive into buying shares, check out what you can do with Sharesies. See my comparison between investing in funds vs individual companies to help you decide. They're slower to process than ASB and the share price shown in the app isn't always up to date so if you are trying to time the market then ASB Securities will be better. This isn't important to me but it might be to you. Competition looks to be warming up in this space too, with ASB Securities (one of the main online brokers in New Zealand) recently halving its fees for New Zealand transactions under $1000, to $15. There are around 140 individual companies listed on the NZX. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. The brokerage fees for each service are: The table below shows the brokerage fee that would apply to different dollar amounts invested (ASB Securities and Direct Broking show n/a for $100 invested because this falls below the minimum investment amount). They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. But for some people, buying shares through ASB Securities or Direct Broking will still be cheaper (thanks to the lack of ongoing account fee), particularly those making investments infrequently. In general, Sharesies works out cheaper overall when you’re investing in smaller parcels of shares, or making investments frequently, thanks to their very low brokerage costs. Press J to jump to the feed. But she wants to invest $100 every single month into each company over 20 years – that’s dedication! sharesies is not a brokering account so you only put money in when you buy shares vs a brokering account where you deposit money to have enough to buy shares at their minimum rate also the 30 dollars a year I pay is a pittance on the value of the shares I own, also they are moving into US shares( in US dollars) and allowing transferring shares between platforms Wondering which is the better platform out of these two. Found this article helpful? It’s a VERY rough calculation, but should give you a ballpark idea of the level of fees you can expect with each broker, under different scenarios. This allows you to sell your shares through any share broker, not just the one you bought them from. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … Find out more about why we started Sharesies on our blog.. Sign up Regular investors are very unlikely to be investing in these companies, so you aren’t missing out on anything if you choose to use Sharesies. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. This is very concerning – given Sharesies’ targets beginner investors, this feature could encourage investing based simply on the biggest dividends and biggest returns. Host name: 188.8.131.52. We've partnered with Drivewealth to provide access to US markets. How does it stack up against the traditional share brokers? A place to discuss personal finance for New Zealanders. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. This has a number of implications: “You acknowledge that we don’t have to forward to you, or take any action on, reports, notices, proxy forms, or other communications we receive about Investments in your Portfolio.”. sharesies is not a brokering account so you only put money in when you buy shares vs a brokering account where you deposit money to have enough to buy shares at their minimum rate also the 30 dollars a year I pay is a pittance on the value of the shares I own, also they are moving into US shares( in US dollars) and allowing transferring shares between platforms Here is a balanced portfolio you can easily build with Sharesies. With Sharesies, your dividends are always paid as cash into your wallet. Dorothy also intends to invest in 15 companies. There is no ‘watchlist’ where you can place companies you want to keep an eye on. Today we will have a look at my stock portfolio, mainly because I didn't have another video planned. ASB Securities Limited is an NZX firm. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. 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). 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. We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. Sharesies Limited is an accredited participant on the NZX. Sharesies shows prices 20 minutes behind live - e.g. Keen to start building your investment portfolio with Sharesies? Here’s the fees she’d pay with each service:– Sharesies: $520– ASB Securities: $300– Direct Broking: $299ASB Securities and Direct Broking are cheaper for Alice. The only thing to watch out for when brokerage is so cheap, is that it could facilitate “taking a punt” or “dabbling” in various companies, while high brokerage fees encourages investors to thoroughly evaluate a company before investing. Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. Having direct ownership gives you the full benefits of being able to participate in DRPs, corporate actions, and Annual General Meetings for the shares that you own. CrashAndBurn: 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%). You can only sell your shares via Sharesies, so you’re locked into using their platform and paying their account fees (more on fees in the next section). With Sharesies and Hatch, individual company shares are not in your name- rather they are a custodians name and you are registered with the custodian as owning the shares. Sharesies vs SuperLife & SmartShares. There are just too many other factors to consider such as size of your trades, how many regular contributions you’ll make, and how long you hold the shares. Get Quashed, Auckland, New Zealand. Each of these providers offers access to a different range of financial products. Pricing data supplied by ASX and/or NZX. You may wish to consult with an authorised financial adviser before making any investment decisions. ASB Securities and Direct Broking allows you to buy and sell shares in any of t… So Sharesies is actually a great tool to build a simple portfolio. Index Funds vs Mutual Funds vs ETF (WHICH ONE IS THE BEST?!) Thanks to services like InvestNow and Sharesies, it's super easy and affordable for investors to invest in lots and lots of funds. There are three types of investment opportunities with no minimum investment – you decide how much you want to spend, even if that’s as little as 1c. Invest Now – Invest in Public Transit Now. $80 spend gets you 1 airpoints and they never expire! ASB Securities Limited is an NZX firm. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. Although the upfront brokerage costs will be more expensive, you will directly own the shares under your name, won’t be locked in to Sharesies for holding and selling the shares, and can fully participate in any DRPs, rights issues, and voting. Comparing Sharesies vs Investnow vs Hatch vs ASB Securities ... InvestNow | Online Investing | Log In To Your Online Account. Creation date: Not Available As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. Why we started Sharesies. However, if you do have a small portfolio, you may want to consider sticking to investing in funds rather than individual companies, due to their convenience and instant diversification benefits. For the brokerage selling fees I have used ASB Securities rates and fees. if the time is 4.30pm, the prices you are seeing reflect the price the shares were at 4.10pm So, if you look at 5.15pm, the prices can still change up to 5.20pm which is the close of the NZX and all remaining orders are matched Meanwhile, ASB Securities and Direct Broking show live prices (as long as you have traded with them in the last 90 days), as well as market depth which is a list of buy and sell orders for a particular share. By buying shares in one of these companies, you become a shareholder, and own part of the company! You may have to register before you can post: click the register link above to proceed. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! I’ll let the screenshots do the talking. You’ll need to be at least 16 years of age and have an NZ bank account. Issuers of securities on the NZX enforce their own minimum holding requirements. The content of this article is based on my personal opinion and should not be considered financial advice. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. For this fund I am assuming a 6% return after costs for all funds. This also means that your shares are held directly in your name on a company’s share registry. Investing in individual companies vs funds – What’s better? Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. This review looks at what those options are, how much it costs and where to begin. Get Quashed, Auckland, New Zealand. Pricing data supplied by ASX and/or NZX. The share prices are shown on Sharesies are delayed by at least 20 minutes. Different pricing structures mean the most affordable choice for you will depend on factors like how often you trade, the size of your trades, and your deposit and withdrawal amounts. Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. When you buy shares through Sharesies, you do not get direct ownership of them. Sharesies vs ASB Securities vs Direct Broking vs Hatch. ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. →, What I’ve been investing in – February 2020, Rights issues, share buybacks, and acquisitions – 5 things to know about Corporate Actions, Property vs Shares – The pros and cons of buying residential property, 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. https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! Smartshares is an exchange traded fund provider and online investment platform focused on ethical investing, and making it easy to diversify a portfolio across a range of stocks and other assets. Host name: 184.108.40.206. whenever you buy or sell shares. Sign up with this link, and you’ll get a bonus $5 in your account to invest! What happened to Property Crowdfunding in New Zealand? The user interface is uncluttered, easy to navigate, and works great on mobile. Index Funds are … Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. 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. Each of these providers offers access to a different range of financial products. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? The fees on the iShare funds range from 0.34% to 0.75%. ASB Securities is less user friendly but has more advanced options and much more information displayed to you. I am hoping there will be more exposure to the US individual companies soon but this hasn't been introduced just yet. To start viewing messages, select the forum that you want to visit from the selection below. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. IP: 220.127.116.11. This can be helpful in informing you about what price to buy or sell your shares at. Brokerage is definitely cheaper with sharesies which is all good. Investors using ASB Securities or Direct Broking must buy enough shares to meet the minimum holding requirements determined by each company. Except they have no app and are stuck back before smart phones.. New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. You can’t see fundamental company statistics such as. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. Both contain Smartshares ETFs as these funds are also … To sign up with Sharesies: https://sharesies.nz/r/TFNQPD Follow to see this investing strategy executed live with weekly videos, smash the subscribe to keep … For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. There is still room for improvement though, and I would say the following are the current weak points of the interface: These interfaces are dated, cluttered, and unfriendly compared to Sharesies. "Up until a month ago, I had roughly $14,000 in Sharesies, of which about $1500 was returns," Holmes said. Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Sharesies.nz informations. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. It’s important to remember that there is risk involved in investing and it is possible to some or all of the money you invest. ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. Sharesies’ full list of individual companies you can invest in through their platform can be found here. IP: 18.104.22.168. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. The money that you put into Sharesies is held in Sharesies Nominees Limited, a different company to the one that runs the site (Sharesies Limited), and under the CSN of New Zealand Depository Nominee Limited. ASB Securities terms and conditions apply. Is having the shares not under your name something to be worried about? Market data provided by Refinitiv , Drivewealth , and IEX Cloud . For this fund I am assuming a 6% return after costs for all funds. Direct Broking offers the best value fees for big trades (i.e. Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. Although Sharesies is clearly cheaper when it comes to brokerage fees, to work out which broker is cheapest overall, you need to take into account the total cost of owning your shares through each broker. His fees are:– Sharesies: $575– ASB Securities: $825– Direct Broking: $1,644.50Sharesies is cheaper for Bruce, as the brokerage fees from his regular investments really add up for ASB Securities and Direct Broking. Link to free stock. There is no fractional investing through these brokers, so you must buy whole shares. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Whether you’ve been in the investing game for a while or want to to buy shares for the first time, Sharesies makes things simple. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. Welcome to Millennial Fire Kiwi! 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. Get new investing articles in your inbox. Has anyone else used both and has a preference? This feature is standard in other brokers. They offer low-cost brokerage and ultra-low minimum investment amounts, meaning it’s perfect if you want to invest small amounts to learn, or slowly build up a share portfolio with small amounts over time – something that previously wasn’t possible with ASB Securities’ and Direct Broking’s high upfront costs. Because share prices can be volatile, the delay can be problematic as the price of a share could surge, but not be reflected in the price you see on Sharesies. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). Sharesies also allows you to invest in all companies, except for: However, these companies are very small, and extremely illiquid (meaning there aren’t many people buying or selling shares in these companies on a day to day basis). ASB Securities and Direct Broking allows you to buy and sell shares in any of these ~140 companies. Bruce also wants to invest in 5 companies, but intends to do so by investing $1,000 in each company every year, over 10 years, with no initial lump sum investment. Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. Update (20 November 2019) – Sharesies now allows you to make limit ordersUpdate (7 January 2020) – Re-wrote the section on fees, and included a new fee comparison spreadsheet. Previously ASB Securities (owned by ASB Bank) and Direct Broking (owned by Jarden) were the cheapest brokers to buy and sell shares in individual companies listed on the New Zealand sharemarket (NZX). We want someone with $5 to have the same investment opportunities as someone with $50,000. What happens to your money if InvestNow or Sharesies go bust? In terms of pricing, it’s hard to pick a clear winner in the Hatch vs Sharesies vs Stake battle. Kiwi Investments 1,710 views. I'm a 40-year-old single female. Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. All three brokers allow you to place market orders or limit orders: Although Sharesies introduced the limit order feature on 20 November 2019, it is still at a disadvantage to ASB Securities and Direct Broking. Subscribe to get new Money King NZ articles in your inbox. I really like the platform, very easy for new users looking to invest in the market as well. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. Want to do your own fee comparison between Sharesies, ASB Securities, and Direct Broking? They don’t offer a mobile friendly view either. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. ASB Securities Limited is an NZX firm. Pricing data supplied by ASX and/or NZX. There is no guarantee you’ll get the full benefits of being a shareholder like being able to vote on important company issues, or participating in, Brokerage fees to sell your shares, at the end of your investment term. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! Sharesies vs InvestNow vs Smartshares: Available markets. Paying off debt vs investment. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). ASB's online banking is top notch. It is unclear how Sharesies will handle “corporate actions” on your shares. The fees on the iShare funds range from 0.34% to 0.75%. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. The analysis will compare the result on different contribution level(low and high contribution) for all three services. You cannot invest $20 to buy half a share. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. Press question mark to learn the rest of the keyboard shortcuts. For example, if a Mainfreight share costs $40, you must invest in increments of $40. Sharesies.nz informations. They’ve improved access to investing by reducing cost, removing jargon, and making investing fun. ASB Securities Limited is an NZX firm. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. Even though she’s incurring a lot of brokerage fees by investing in so many companies, her long investment timeframe makes Sharesies’ subscription fee add up. By default the companies list by “Highest price change”, and also gives options to sort by “Highest annual dividends” or “Highest annual returns”. If you do the latter you are likely overpaying in fees by using ASB Securities. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading.ASB Securities terms and conditions apply. Where an issuer has not specified a Minimum Holding, then there is no required minimum. There are around 140 individual companies listed on the NZX. ASB securities has been OK in the past, just a hassle remembering logins etc. Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. Sharesies allows people to invest in … The analysis will compare the result on different contribution level(low and high contribution) for all three services. Is Sharsies more simple to use? For the brokerage selling fees I have used ASB Securities rates and fees. This is mainly a problem for infrequently-traded shares. Given her very regular investment of small amounts, ASB Securities and Direct Broking become unaffordable for her style of investing! "for the app crowd". Property vs Shares – The pros and cons of buying residential property. Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online).