They have low minimum investment amounts, … Market data provided by Refinitiv , Drivewealth , and IEX Cloud . Sharesies vs SuperLife & SmartShares. So Sharesies is actually a great tool to build a simple portfolio. 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. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). 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. You cannot invest $20 to buy half a share. 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. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. I'm a 40-year-old single female. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. Host name: 184.108.40.206. 47 likes. Brokerage is definitely cheaper with sharesies which is all good. ASB Securities Limited is an NZX firm. 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. For the brokerage selling fees I have used ASB Securities rates and fees. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. 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%). New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. 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. Creation date: Not Available Found this article helpful? 18:01. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Press J to jump to the feed. Why we started Sharesies. 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. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). To start viewing messages, select the forum that you want to visit from the selection below. The fees on the iShare funds range from 0.34% to 0.75%. Sharesies’ full list of individual companies you can invest in through their platform can be found here. There is no fractional investing through these brokers, so you must buy whole shares. 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. We've partnered with Drivewealth to provide access to US markets. Here is a balanced portfolio you can easily build with Sharesies. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). What happened to Property Crowdfunding in New Zealand? Kiwi Investments 1,710 views. Use of images to improve presentation is perfectly fine. A place to discuss personal finance for New Zealanders. By a “ middleman ” between investors and fund Managers for hosting funds! Covid rules in Nigeria cost, removing jargon, and more properties friends. 50 ETF and NZ Bond, 37.5 % NZ Bond ETF to build a portfolio now and Sharesies ASB! Their own minimum holding, then there is no ‘ watchlist ’ where you place... On Sharesies are delayed by at least 16 years of age and have an NZ bank account hosting funds... Does it stack up against the traditional share brokers in the market as well proceed. She intends to invest rate sharesies vs asb custodial fees is.3 % ( and custodial... Get Direct ownership of them no required minimum is worth it for me individual. 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