I use Sharesies due to how easy it is to navigate and invest around 1000 a month. Pricing data supplied by ASX and/or NZX. The result is that Sharesies is significantly cheaper, especially for smaller investment amounts. 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. But she wants to invest $100 every single month into each company over 20 years – that’s dedication! By default the companies list by “Highest price change”, and also gives options to sort by “Highest annual dividends” or “Highest annual returns”. 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. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. 18:01. ASB for everyday banking and ANZ for credit card. Welcome to Millennial Fire Kiwi! 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. 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. 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. There is no fractional investing through these brokers, so you must buy whole shares. Is Sharsies more simple to use? My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. over $10,000), but is the most expensive for smaller trades. 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 minimum investment amount with Sharesies remains at a super low $0.01. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. Sharesies vs InvestNow vs Smartshares: Available markets. Direct Broking offers the best value fees for big trades (i.e. See my comparison between investing in funds vs individual companies to help you decide. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. Soon- Sharesies will … Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. →, 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. They’ve improved access to investing by reducing cost, removing jargon, and making investing fun. 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%). 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 54 likes. 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). ← What’s the difference between InvestNow, Sharesies, Simplicity, Hatch, and more? 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. You’ll need to be at least 16 years of age and have an NZ bank account. By buying shares in one of these companies, you become a shareholder, and own part of the company! 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 … whenever you buy or sell shares. Get Quashed, Auckland, New Zealand. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. 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. A place to discuss personal finance for New Zealanders. 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. 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. ASB Securities and Direct Broking allows you to buy and sell shares in any of t… For the brokerage selling fees I have used ASB Securities rates and fees. 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. It is unclear how Sharesies will handle “corporate actions” on your shares. 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. As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Wondering which is the better platform out of these two. 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). Property vs Shares – The pros and cons of buying residential property. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. This is mainly a problem for infrequently-traded shares. ASB's online banking is top notch. Pricing data supplied by ASX and/or NZX. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. 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. 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). Invest in businesses around the world with this Kiwi investment platform. ASB Securities Limited is an NZX firm. Thanks to services like InvestNow and Sharesies, it's super easy and affordable for investors to invest in lots and lots of funds. 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! 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. ASB Securities terms and conditions apply. To start viewing messages, select the forum that you want to visit from the selection below. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. For example, if a Mainfreight share costs $40, you must invest in increments of $40. 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. Use of images to improve presentation is perfectly fine. I really like the platform, very easy for new users looking to invest in the market as well. 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. Issuers of securities on the NZX enforce their own minimum holding requirements. Keen to start building your investment portfolio with Sharesies? Given her very regular investment of small amounts, ASB Securities and Direct Broking become unaffordable for her style of investing! Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). Subscribe to get new Money King NZ articles in your inbox. ASB Securities Limited is an NZX firm. Press J to jump to the feed. The analysis will compare the result on different contribution level(low and high contribution) for all three services. You can’t see fundamental company statistics such as. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. 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 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. With Sharesies, your dividends are always paid as cash into your wallet. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. 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. ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. It's quick to sign up. 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. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. Given her infrequent investments, the lack of ongoing fees for these two brokers are enough to offset her higher upfront brokerage costs. 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. So it's a good deal if buying lots of less than $1,000 at a time. 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. IP: 104.18.5.170. ... ASB and ANZ investment will accept investing in kids name. With Stake and other brokers like ASB securities and Direct broking- company shares are in your name. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. Sign up. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). 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.”. ASB Securities Limited is an NZX firm. ASB Securities terms and conditions apply. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. 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. You may have to register before you can post: click the register link above to proceed. 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. Pricing data supplied by ASX and/or NZX. Today we will have a look at my stock portfolio, mainly because I didn't have another video planned. 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. We want someone with $5 to have the same investment opportunities as someone with $50,000. Currently only one company, Chorus, has specifified a minimum holding amount of $1,000. 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. 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. If remembering logins is a hassle you may just want to set up automatic payments? Sharesies.nz informations. Both contain Smartshares ETFs as these funds are also … Sharesies shows prices 20 minutes behind live - e.g. There’s a new kid on the block. Given I don’t buy or sell shares frequently, this little extra cost is worth it for me. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. If you do the latter you are likely overpaying in fees by using ASB Securities. Pricing data supplied by ASX and/or NZX. Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. This is very concerning – given Sharesies’ targets beginner investors, this feature could encourage investing based simply on the biggest dividends and biggest returns. For this fund I am assuming a 6% return after costs for all funds. Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. 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. Host name: 104.18.5.170. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. Found this article helpful? The fees on the iShare funds range from 0.34% to 0.75%. ASB Securities and Direct Broking allows you to buy and sell shares in any of these ~140 companies. Brokerage is definitely cheaper with sharesies which is all good. 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%). 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. 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. Sharesies vs InvestNow vs Smartshares: Available markets. I'm a 40-year-old single female. 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. Sharesies.nz informations. How does it stack up against the traditional share brokers? Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. So it's a good deal if buying lots of less than $1,000 at a time. What happened to Property Crowdfunding in New Zealand? The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. The information should never be used without first assessing your own personal and financial situation, and conducting your own research. Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. 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. Link to free stock. I have a good job earning close to $100,000 a year and regularly contribute to KiwiSaver. Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). There are around 140 individual companies listed on the NZX. 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. I’ll let the screenshots do the talking. Kiwi Investments 1,710 views. Further Reading:– What happens to your money if InvestNow or Sharesies go bust? Sharesies’ full list of individual companies you can invest in through their platform can be found here. IP: 104.18.5.170. Sharesies is significantly cheaper for Dorothy! Invest Now – Invest in Public Transit Now. Thanks that's the best answer of ever had on Reddit. Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. 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. ASB Securities Limited is an NZX firm. Find out more about why we started Sharesies on our blog.. Sign up This isn't important to me but it might be to you. 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. 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. 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. Sharesies shows prices 20 minutes behind live - e.g. 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! A brand new insurance experience! The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. The analysis will compare the result on different contribution level(low and high contribution) for all three services. We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. Index Funds vs Mutual Funds vs ETF (WHICH ONE IS THE BEST?!) For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. 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 best other one i know of is ASB, whichs is $15 up to $1,000 trade. $80 spend gets you 1 airpoints and they never expire! Creation date: Not Available Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. If you’re looking for a simple way to dive into buying shares, check out what you can do with Sharesies. 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. I am hoping there will be more exposure to the US individual companies soon but this hasn't been introduced just yet. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. Get new investing articles in your inbox. There is no ‘watchlist’ where you can place companies you want to keep an eye on. For the brokerage selling fees I have used ASB Securities rates and fees. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. 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. ASB securities has been OK in the past, just a hassle remembering logins etc. 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. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. 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). Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. Why we started Sharesies. Is having the shares not under your name something to be worried about? 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. This also means that your shares are held directly in your name on a company’s share registry. Both Invest Now and Sharesies make their money by charging fund managers for hosting their funds. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. This allows you to sell your shares through any share broker, not just the one you bought them from. For example, if a share in Spark costs $4, I could still invest $1 to buy a quarter of a share. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. You may wish to consult with an authorised financial adviser before making any investment decisions. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. 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). Her fees are:– Sharesies: $2,490– ASB Securities: $54,054– Direct Broking: $108,088.50Wow! This review looks at what those options are, how much it costs and where to begin. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? , KiwiSaver, debt management, home loans, student loans, insurance, and own part of the shortcuts... Asb for everyday banking and ANZ investment will accept investing in shares, bonds, funds, and investing. Traditional share brokers click and buy basically, although they at least have limit.! Friends on Facebook, Twitter, or via email so you must enough! 0.34 % to 0.75 % selection below depth, you must buy sharesies vs asb shares considered. Of the company participants looking to invest in lots and lots of than! 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