I'm new to Investnow and just … Sharesies vs SuperLife & SmartShares. I have a buffer in way of 3 months emergency fund. Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. Vote. Neither of the above are Kiwisaver, but they do allow you to buy units in funds, which is infinetly more flexible than kiwisaver is (which is literally "just give us the money and we will do things", which I find very restrictive). Are you prepared to lose 20% in the next few years before things improve? I'd add Simplicity (non Kiwisaver) to your list. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. I am a noob in the finance world and I am learning about ETFs. Very low fees due to non-profit structure, invests in Vanguard ETFs. Press J to jump to the feed. Just like our range of Managed Funds, we bring you Term Deposits from a number of banks here in New Zealand. I always save a percentage of my income towards my emergency fund so that will continue. Obviously you will need to consider how much risk you are willing to accept for the desired growth. Spend $x with Sharesies, spend $x with the likes of InvestNow / Vanguard / SuperLife and give yourself the same amount to actively manage. I also have aggressive growth kiwisaver but then I still have 25yrs of income earning and I am debt free currently. I don't think it's realistic to aim for returns of just under 10%. I have been using InvestNow for the last 6 months as a front end for my Index-linked portfolio. A place to discuss personal finance for New Zealanders. fees. I split my $50 high risk funds and made minuscule returns. At this stage I have no plans on sharetrading daily like some people do as I do not have either the time or skillset hence I always end up with TD's. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. They also offer access to the US Vanguard funds amongst others. They are a PIE as well, their online processes are fairly slick. investment amount / term / total amount less fees. (https://www.smartshares.co.nz). How about keeping the cash liquid wait for the crash and buy on a dropping market rather than buy towards the end of a rising one. Sharesies vs Smartshares. You can grow and manage your investment … The United Capital Balanced fund is an actively managed open ended unit trust whose primary objective is to provide investors and beneficiaries with long term capital appreciation and income distribution … I did have a look at P2P before to the point of creating an account. Mortgage free in 2 weeks time. The difference between investing in Term Deposits through InvestNow … Since I will be mortgage free in 2 weeks time is why I decided to try something riskier. They have low minimum investment amounts, … You can look at your portfolio performance over 1/3/6/12/60 months, When you buy shares, you only have a select few options to choose from, stating the amount you are willing to use. InvestNow does not charge its customers an administration fee. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? 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%). Invest Now LLC, is a wholesale property company that specializes in purchasing properties at a substantial discount and wholesaling.Our clients receive up to the minute updates on opportunities to … Can be longer but I don't think I will need it in the next 3 years. Then you will learn soon enough how much you are willing to be actively involved in the day to day business of buying shares. Note that NZX will do the buying on your behalf on the 20th of the month, but for selling you need a brokerage account like First Direct etc, meaning it costs a minimum of $30 per sell trade. If it happens in the next 4 years, what other options would you suggest to park it safely? Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, Superlife etc, https://thesmartandlazy.com/2017/06/28/sharesies-beta-how-does-it-stack-up-to-superlife-and-smartshares-on-etf-investing/. More posts from the PersonalFinanceNZ community. Would the funds be better being used to reduce debt? But then I ended up where I read about it, then say I will do it but never did. If you give Sharesies a try, you know where I would spend the $5 referral bonus. Sharesies vs InvestNow summary InvestNow offers the widest number of funds and ETFs, and doesn't charge a platform fee. InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. The great thing with sharesies is that it gives you access to buy investments from as … Close. Have you looked into managed funds? Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Wait for confirmation email. I use TDAmeritrade because I want to invest in the US market not in the NZ one. Sharesies … I believe the minimum monthly is around $50. The Competition – InvestNow vs Smartshares and Simplicity Hands down, InvestNow offers a lot more investment opportunities than Simplicity (3 funds) and Smartshares (40+ ETFs). I got a whole $1.41 … Let's say 10k for each then spread between 3-5 different funds. I have around 20-30K to play with. Forsyth Barr allow you to buy bundles of shares directly rather than funds, so might also be worth doing. If you are willing to pay the fees it could be a good option for you. Unfortunately it is maturing next month and those rates are nowhere to be found hence am looking at alternative options. Sharesies. At $5 per month, they certainly are an easy option to try if this is to your liking. From what I read so far, I was planning is to spread 30K as 50/30/20 on Growth/Balanced/Conservative respectively to spread out the risk. Sharesies vs Smartshares. Press question mark to learn the rest of the keyboard shortcuts. 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. Meanwhile Sharesies charges annual or monthly subscription fees for its services … CrashAndBurn: I have some term deposits maturing next month and would like to give investing in … Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. I think I can lock it for between 3-5 years. I only plan to check on performance every 3-6 months then decide which funds I will top up. Investnow has quite a wide selection of funds from quite a few of the global players, and definetly worth checking out just for their range. I found it easy to setup and easy to manage - we are currently only investing $1000 a month at the moment, but looking to increase. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, … Posted by just now. Also, others have mentioned success with P2P loans in the range that you are looking at. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Considering you are moving your funds from a (very) safe environment into one that has a lot more risk, perhaps getting some professional advise is a good idea. InvestNow Term Deposits. ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. They are PIE, their funds are Exchange Traded Funds (ETF's) meaning you can buy and sell direct as if they are shares. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Both InvestNow and Sharesies are fund platforms. However sharesies has a far superior UI, so it's alot easier go see what your money is … Investnow is one of the best personal investing platforms available in New Zealand due to its zero dollar platform fees. Adding some extra $$ to your emergency fund until you know which strategy to pursue is not a bad thing. You can always set up an trading account with the likes of ASB or ANZ and do it all yourself, but you will have to be willing to read up the companies and judge which is best for what your needs are to build a balanced portfolio. But now that my current TD is maturing, I am getting forced to take action else it will end up on a TD again at a much lower rate. Will research more about it. I am on growth as well on 8% contribution. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. 3-7 years. Considering you want to give this a try, are you sure you want to invest it all in one go? Anyone can have an investment portfolio. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. 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. Therefore SmartShares contribution the cheapest option for US500 ETF investing. NZX50 then ASX20 if I go with Sharesies. This will be my first time with shares apart from Kiwi Saver. Are you going to put in the time to investigate the background of every company / fund that you want to buy shares from & then keep monitoring to ensure you make no losses. The funds I am actually in are the SmartShare Global and NZ and have seen good return over the last 6 months on those. Sharesies vs InvestNow vs SuperLife vs something else? Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. Note that buy/sell orders can take up to 5 business days to process. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. People have invested $7 million through Sharesies since its beta version launched in June. join InvestNow/Sharesies/Simplicity. Or what is the next safest option out there? I am interested in couples of their bond funds like Nikko AM NZ Bond … You certainly can get a small jolt of excitement or loathing as your pink line creeps up or down. I do agree that to get a better return would mean fees and risk. 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. I can't attest to the quality of investment inside Smartshares, and whether they are riding the wave of global market growth vs really doing something. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. I see that Smartshares doesn't charge too much but getting your money out of Smartshares is complicated. So, do I invest in Smartshares ETFs or use Sharesies to invest in the same ETFs ? Why not try out several strategies with smaller amounts? Yes it was. I wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies … You should seek advice from a licensed financial advisor. I guess my question would be, if I do what I am planning to do, what are the chances of me getting a return of at least between 8-10% per year and also the chance of making a loss in 3-7 years. The only fees they will pay are those set by the funds in which they invest. Sharsies is more cost effective for lots of small regular transactions, so rule them out for this. Sharesies … Sharesies and InvestNow AMP fund incur the same management fee. If you have a larger portfolio and want more choices like some US stocks, then Sharesies would be better. My question: Is Sharesies/Stake a better platform to invest in ETFs when compared with Smartshares? I read that Sharesies is targeted for investors with 5K or less. Hence I plan to spread the risk e.g. There is some … To sell, you select the stock, enter amount of shares & press sell. Below that it is free. But equally you can buy them from the NZX at any time, so you can take advantage of moves up and down during the month... again $30 every time, although you might find cheaper brokerage's around. It allows Kiwis to invest in more than 140 NZ and global … Please keep this GZ community vibrant by contributing in a constructive & respectful manner. One other option I had a look at is Term Pie Funds, but the rate is also not that great. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. Legacy investment services like … Invest … Sharesies offers far fewer funds, but does offer ETFs and, unlike InvestNow, … Sharesies has a subscription fee (monthly or yearly), $3 a month if your portfolio is over $3000, that's rather significant for low balances. No significant debt. I'm sorry, did you say your current term deposit rate is 5.5%? It has very limited selection of funds. I started reading about a few start-ups e.g Sharesies but am still having trouble deciding which is the best to go with. InvestNow … Please note this sub-forum does not provide professional finance advice. and then wait ±6hrs for the confirmation email. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Hi there, I am a noob in the finance world and I am learning about ETFs. Do you have a mortgage ? The little things make the biggest difference. If you want to be involved in trading shares, Sharesies is too simple in my opinion. But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. InvestNow doesn’t charge its users. I was hoping for some comparison tables e.g. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow … I am leaning towards this approach e.g. In my opinion- Investnow, Sharesies, and Hatch are currently the best services for Kiwis- they are all New Zealand owned and operated and offer low fees investment options. https://www.reddit.com/r/PersonalFinanceNZ/. How long do you want to lock your funds away for ? They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. Smartshares has a $30 set up fee, but no ongoing costs. I don't mind as I can just let it ride. Sharesies vs InvestNow vs Smartshares: Available markets Each of these providers offers access to a different range of financial products. 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