Supporters can choose any amount, and will get a premium ad-free experience if giving a minimum of $10/month or $100/year. InvestNow has more options for tax friendly funds for kids. Yes, there are more players in this space, with Kernel Wealth, Hatch, and Invest Now to name a few. Just for the sake of curiousity, I went to the rbnz website and looked at the HPI for the same period in question (6/2003 to 6/2011). Good on you, selling out before the big bang and doing well. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? It plans to compete on price. Thanks Jenée ..........just the article I've been looking for..will follow to see readers experiences. InvestNow and Sharesies are like fund supermarkets that offer a range of funds through a one-stop shop. Fund managers also often require minimum investments in the tens, if not hundreds, of thousands of dollars. You may also find that others may apply that same adjective to you instead. Simplicity offer packages of funds which include numerous index funds (global and domestic). Just wondering if dividend reinvestment is offered by sharesies and hatch? The major goal of investing is to generate investment returns, and this fee is definitely a big drag on that – If you invested $500, over half your potential annual return is eaten up by the subscription fee! InvestNow vs Sharesies Sharesies is another popular option for New Zealand investors and is aimed at young people. The effective cost of debt for the loan is, https://www.moneyhub.co.nz/hatch-invest-review.html, https://help.hatchinvest.nz/en/articles/1804597-do-i-own-my-shares. Regular investment is a great way to gradually build up an investment portfolio over time. It's reasonably profitable - I wouldn't call it spectacular and still consider myself a newbie. rather than being able to place a specific bid, but I could be wrong. Glitzy, do you use Interactive Brokers? Fairly good exchange rate commission, and any unallocated funds are put into a (low interest) Money Market Fund with Dreyfus BNY Mellon, with dividend paid out monthly. Both platforms do a good job of telling you how your investments are performing, at both the portfolio and individual fund level. 20% off Offer Details: Up To 20% Off + Free P&P On Sharesies Products You can shop now by using this discount code: Up to 20% off + Free P&P on Sharesies Products @ Sharesies, and get a great saving when you purchase next time.Find everything you need, all in one place at Sharesies. The capital index is less than half the current value. This amount can be reduced to $50 per fund if you set up a regular investment plan (see section 3 below). Your Sharesies Wallet. I can't find anything written up, but maybe I've missed it. Between 12:00pm and 1:00pm, that same day, the buy orders are processed and sent to the respective fund managers. Both platforms make their money by charging fund managers for hosting their funds. That would be ideal to mix with those Vanguard funds to create a balanced portfolio. Stop spreading misinformation yankkiwi the nzx50 gross index was around 2000 in 2002/03 and had only increased to 2500 by 2009 that is 500 points not percent. The only fees they will pay are those set by the funds in which they invest. Can you tell me which one that would be? What’s not to like? It was a real disincentive to invest overseas. The holidays can be very tough on your finances. With hatch and US stocks do you hold the share certificates or is that held in a US entity of some sort ? You know what they say about assumptions. You can give someone (e.g. Here’s the subscription fee as a % of your annual return, assuming an after-tax return of 7%. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. In terms of total return, one needs to look at all aspects. Claiming that the return was only 25% is laughable in its obvious fallacy. The fee can be paid by credit card, or deducted from your account’s cash balance. Do they even pay a dividend now? Your first sentence covers the basics quite well. Sharesies also allows you to give and redeem gifts of between $5 and $2,000. swazi. All in all it's an easy, good experience. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Jenée Tibshraeny compares investment platforms Sharesies, InvestNow and Hatch, as they continue to break new ground making local and global markets more accessible. https://www.nzherald.co.nz/hawkes-bay-today/business/news/article.cfm?c_... https://nz.finance.yahoo.com/chart/NZX.NZ/, https://www.finder.com/nz/hatch-stake-sharesies-us-shares, "'Nothing will change until the Government forces them to do so'", "The Week in Tax. The Hatch option could be more cost-effective for investors who make fewer and/or higher value trades. Yes, DriveWealth doesn't hold your securities. Which has been more profitable for you, the shares or the investment property mfd albeit that the property gives you more stress? InvestNow also allows you to give other people access to your account. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. With my share holdings, I pay the companies management team to deal with the day-to-day issues. Written by Renae Williams Updated over a week ago Withdrawing money from Sharesies If you're wanting to get your money out of Sharesies. You’ll need to be at least 16 years of age and have an NZ bank account. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. InvestNow’s custodian is Adminis Custodial Nominees Limited, run by a specialist Wellington based investment administration company, Adminis, so are completely independent from InvestNow. Regular Investing with InvestNow. InvestNow requires 2-factor authentication (2FA) when you log in to the platform – in addition to entering your email and password, you also need to enter a six-digit code sent to you as an email or SMS. However sharesies has a far superior UI, so it's alot easier go see what your money is doing. InvestNow Term Deposits. Up from $22 to $32 in the month I've held. Despite going to 90% cash a dozen years ago, my net worth exceeds the sum of my 35 years of gross employment earnings. About 10% of this wealth creation was due to property, the remainder was due to share market earnings as well as an aggressive savings paradigm for the majority of my wage earning career. Thanks Jenee for the informative article and thanks to the interest.co common taters for the educative discussion. While platforms’ user experiences might make investing look fun and appealing, it isn’t a game. InvestNow does not charge its customers an administration fee. taxing unrealized gains. The purpose of this piece - written by a journalist not a financial adviser - is to compare investment platforms (see commentary below table). I have checked the figures and apparently they recorded a loss last year of very nearly a quarter billion (241 million), is that not right? I'm quite happy to have an index that captures total returns. Investors will have to figure out their own risk profiles and how they’d like to structure their portfolios, before weighing up the best ways to manage their investments. I sleep easy too, thanks for your concern. Your options to workaround this might be to: Sharesies’ auto-invest allows you to invest $5 or more into a selection of funds either weekly, fortnightly, every four weeks, or monthly. InvestNow requires a minimum investment of $250 for a one-off investment into a single fund. Air New Zealand vs Jetstar. It looks like he did rather well to grow NZX. Why I started using Sharesies (NZ-based Investment Platform) + … More NZX-listed ETFs coming soon, Over 500 funds managed by Vanguard, BlackRock, and more, Nasdaq and New York Stock Exchange-listed companies, Different funds have different fees set by fund managers, Subscription fee: $30/year or $0-$3/month depending on size of portfolio, Exchange fee on deposits/withdrawals: 50 basis points on the exchange rate. Hatch vs. Sharesies vs. Investnow etc. Sharesies. I'd rate the earnings potential of the share market considerably higher than the property market, with less overall risk and higher diversification available. Create a SUPPORTER account with no ads here. InvestNow makes money by charging fund managers to have their funds listed on the platform (I suspect this is through a commission). The information should never be used without first assessing your own personal and financial situation, and conducting your own research. Talk about a structural impediment! Retail investors have always been able to access local and global share markets. For others, they may use other avenues for wealth creation. Sharesies is another popular option for New Zealand investors and is aimed at young people. Vanguard through InvestNow. The analysis will compare the result on different contribution level(low and high contribution) for all three services. And with Kiwi Wealth behind us, you know Hatch is here for the long haul. It does what you’d expect it to do well – in fact it takes only seven mouse clicks to go from logging in to placing an investment in a fund – the same number of clicks as Sharesies! Anyone can have an investment portfolio. Hatch vs. Sharesies vs. Investnow etc. Posted by 3 months ago. The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. She can’t move immediately to InvestNow because they require a minimum of $250 to get started. Focusing on the everyday investor, Sharesies enables those with smaller amounts to invest in not only exchange-traded funds, but now also shares listed on the New Zealand Stock Exchange (NZX). Sky Tv for example are in loss instead of profit. With Sharesies, all dividends/distributions are paid into your wallet and must be reinvested manually. Even with zero account fees, you will still have to pay fund management fees – this is a fee paid to the manager of the fund you invest in, and is calculated as a percentage of the value of your investment. Trading fees are reasonable and they don't charge custodial or management fees at all, unlike some other international share trading platforms. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). Why we started Sharesies. It has been pointed out to you several times about the incorrectness of your perception about sharemarket gains so I'll not bother addressing this error in your statement. 4,156 1. swazi. Sources: https://www.moneyhub.co.nz/hatch-invest-review.htmlhttps://help.hatchinvest.nz/en/articles/1804597-do-i-own-my-shares. See my article Sharesies vs ASB Securities and Direct Broking for more information on investing in individual companies. But they’ve had to use brokers to buy and sell shares in individual companies or units in exchanged-traded funds (ETFs). You’d be better off gifting someone cash to top up their Sharesies account by bank deposit! Is that one share your whole portfolio? You obviously have a professional approach mfd. Get new investing articles in your inbox. The people that bleat on about how the house price has gained 3%, but neglects the 2.5% cost for insurance, rates, and maintenance are quite confused about total returns. I was not intending to brag (this would be the first time I have ever mentioned such), but wanting to make the point there is a lot going on out there. They are both fund platforms providing investors easy and cheap access to a large range of funds, but digging deeper uncovers many differences. If you dig around on social media sites, you’ll find heaps of positive comments from their happy users. By the eighth anniversary of its listing, NZX had generated a total return to shareholders of 535 per cent, or 24 per cent per annum. sharesies.nz -$30pa -small choice of smartshares -daily purchase/sale at market at no fee -Easy to deal with and transact -Might be of interest to some of you out there I have signed up, transferred a small amount, and placed an order You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Or, your browser is blocking ad display with it's settings. Launched in 2017, Sharesies has around 60,000 users and over $60 million invested. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. Hatch takes care of the US tax and provides good reporting for easy download. I am amused by some of the commenters above, particularly Houseworks comments. 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