Creation date: Not Available Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. Sharesies charges a monthly/annual subscription fee depending on the size of your portfolio: ASB Securities and Direct Broking don’t charge any ongoing fees. 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 This is very concerning – given Sharesies’ targets beginner investors, this feature could encourage investing based simply on the biggest dividends and biggest returns. 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. This also means that your shares are held directly in your name on a company’s share registry. ASB Securities is less user friendly but has more advanced options and much more information displayed to you. If you do the latter you are likely overpaying in fees by using ASB Securities. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. 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. A brand new insurance experience! Sharesies is significantly cheaper for Dorothy! 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. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. 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! Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. 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. You can’t see fundamental company statistics such as. If you are very serious about investing in shares for the long-term, and have a decent amount of money to do so, stick with a traditional broker. 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. ASB Securities Limited is an NZX firm. 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. For example, if a Mainfreight share costs $40, you must invest in increments of $40. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. ASB Securities terms and conditions apply. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. Winner: ASB Securities and Direct Broking. Invest Now – Invest in Public Transit Now. 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. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. whenever you buy or sell shares. A place to discuss personal finance for New Zealanders. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. They’ve improved access to investing by reducing cost, removing jargon, and making investing fun. 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. 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). Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. IP: 104.18.5.170. New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? The analysis will compare the result on different contribution level(low and high contribution) for all three services. 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. Our Sharesies vs Hatch vs Stake guide has more details. Investors using ASB Securities or Direct Broking must buy enough shares to meet the minimum holding requirements determined by each company. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Sharesies.nz informations. over $10,000), but is the most expensive for smaller trades. I'm a 40-year-old single female. ASB Securities Limited is an NZX firm. 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. Pricing data supplied by ASX and/or NZX. We want someone with $5 to have the same investment opportunities as someone with $50,000. 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. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. This isn't important to me but it might be to you. Property vs Shares – The pros and cons of buying residential property. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Paying off debt vs investment. For example, if a share in Spark costs $4, I could still invest $1 to buy a quarter of a share. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. 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. In terms of pricing, it’s hard to pick a clear winner in the Hatch vs Sharesies vs Stake battle. How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. 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. Brokerage is definitely cheaper with sharesies which is all good. 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. 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. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. 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. Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. 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. When you buy shares through Sharesies, you do not get direct ownership of them. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. This is mainly a problem for infrequently-traded shares. 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. Pricing data supplied by ASX and/or NZX. 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’ll let the screenshots do the talking. 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%). Is having the shares not under your name something to be worried about? Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. The content of this article is based on my personal opinion and should not be considered financial advice. Sign up. Press question mark to learn the rest of the keyboard shortcuts. Get new investing articles in your inbox. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. Soon- Sharesies will … Index Funds are … 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. Pricing data supplied by ASX and/or NZX. Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! Wondering which is the better platform out of these two. The share prices are shown on Sharesies are delayed by at least 20 minutes. Use of images to improve presentation is perfectly fine. IP: 104.18.5.170. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … The analysis will compare the result on different contribution level(low and high contribution) for all three services. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. Pricing data supplied by ASX and/or NZX. 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. We've partnered with Drivewealth to provide access to US markets. Dorothy also intends to invest in 15 companies. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. 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. 47 likes. My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. 54 likes. There are around 140 individual companies listed on the NZX. It's quick to sign up. You may wish to consult with an authorised financial adviser before making any investment decisions. Link to free stock. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … Creation date: Not Available The analysis will compare the result on different contribution level(low and high contribution) for all three services. Investing in individual companies vs funds – What’s better? You can’t participate in Dividend Reinvestment Plans (DRPs). 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. →, 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. ASB Securities Limited is an NZX firm. ASB Securities Limited is an NZX firm. Thanks that's the best answer of ever had on Reddit. Sharesies vs InvestNow vs Smartshares: Available markets. They don’t offer a mobile friendly view either. Use of images to improve presentation is perfectly fine. The fees on the iShare funds range from 0.34% to 0.75%. 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. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. You may have to register before you can post: click the register link above to proceed. Direct Broking offers the best value fees for big trades (i.e. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. Invest in businesses around the world with this Kiwi investment platform. Is Sharsies more simple to use? 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. This can be helpful in informing you about what price to buy or sell your shares at. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. 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. 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. Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. ASB Securities terms and conditions apply. See my comparison between investing in funds vs individual companies to help you decide. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. 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 The information should never be used without first assessing your own personal and financial situation, and conducting your own research. 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. With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. 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. Where an issuer has not specified a Minimum Holding, then there is no required minimum. Sharesies.nz informations. 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 Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. Given I don’t buy or sell shares frequently, this little extra cost is worth it for me. If remembering logins is a hassle you may just want to set up automatic payments? The minimum investment amount with Sharesies remains at a super low $0.01. Without live market prices and depth, you have less data to inform you what price to set your limit order at. ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. Welcome to Millennial Fire Kiwi! Has anyone else used both and has a preference? 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. By buying shares in one of these companies, you become a shareholder, and own part of the company! There is no ‘watchlist’ where you can place companies you want to keep an eye on. 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