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. The funds I am actually in are the SmartShare Global and NZ and have seen good return over the last 6 months on those. The only difference which gives InvestNow the edge, is the $30 Sharesies administration fee. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow … Hence I plan to spread the risk e.g. The Competition – InvestNow vs Smartshares and Simplicity Hands down, InvestNow offers a lot more investment opportunities than Simplicity (3 funds) and Smartshares (40+ ETFs). 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. The difference between investing in Term Deposits through InvestNow … 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. A place to discuss personal finance for New Zealanders. 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. I have been using InvestNow for the last 6 months as a front end for my Index-linked portfolio. You can grow and manage your investment … Sharesies vs Smartshares. Forsyth Barr allow you to buy bundles of shares directly rather than funds, so might also be worth doing. I am leaning towards this approach e.g. Please keep this GZ community vibrant by contributing in a constructive & respectful manner. 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. 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. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. I do agree that to get a better return would mean fees and risk. 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 wouldn't mind giving it a go but would have to take such a big loss to get my money out of sharesies … You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s … More posts from the PersonalFinanceNZ community. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, … Let's say 10k for each then spread between 3-5 different funds. I'm sorry, did you say your current term deposit rate is 5.5%? 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 vs InvestNow vs SuperLife vs something else? Smartshares has a $30 set up fee, but no ongoing costs. 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. People have invested $7 million through Sharesies since its beta version launched in June. They are PIE, their funds are Exchange Traded Funds (ETF's) meaning you can buy and sell direct as if they are shares. 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. One other option I had a look at is Term Pie Funds, but the rate is also not that great. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Have checked Simplicity and it seems they have recently brought down entry level from 10 to 5K. I believe the minimum monthly is around $50. I think I can lock it for between 3-5 years. Sharesies vs InvestNow summary InvestNow offers the widest number of funds and ETFs, and doesn't charge a platform fee. Have you looked into managed funds? ... InvestNow said they are getting fund from Nikko to be on InvestNow platform. I use TDAmeritrade because I want to invest in the US market not in the NZ one. NZX50 then ASX20 if I go with Sharesies. I started reading about a few start-ups e.g Sharesies but am still having trouble deciding which is the best to go with. Hi there, I am a noob in the finance world and I am learning about ETFs. Are you prepared to lose 20% in the next few years before things improve? But most people here seem to like investnow compared to something like sharesies primarily due to the lower fees. Yes it was. join InvestNow/Sharesies/Simplicity. fees. Therefore SmartShares contribution the cheapest option for US500 ETF investing. Press J to jump to the feed. I don't mind as I can just let it ride. 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. Posted by just now. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. At $5 per month, they certainly are an easy option to try if this is to your liking. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. If it happens in the next 4 years, what other options would you suggest to park it safely? 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. InvestNow does not charge its customers an administration fee. and then wait ±6hrs for the confirmation email. Sharesies and InvestNow AMP fund incur the same management fee. Will research more about it. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. Both InvestNow and Sharesies are fund platforms. I got a whole $1.41 … Considering you want to give this a try, are you sure you want to invest it all in one go? Sharesies vs SuperLife & SmartShares. Wait for confirmation email. The great thing with sharesies is that it gives you access to buy investments from as … Do you have a mortgage ? 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. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Sharesies has a subscription fee (monthly or yearly), $3 a month if your portfolio is over $3000, that's rather significant for low balances. Unfortunately it is maturing next month and those rates are nowhere to be found hence am looking at alternative options. InvestNow … 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. Would the funds be better being used to reduce debt? They have low minimum investment amounts, … I did have a look at P2P before to the point of creating an account. I read that Sharesies is targeted for investors with 5K or less. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. If you have a larger portfolio and want more choices like some US stocks, then Sharesies would be better. Why not try out several strategies with smaller amounts? 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