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. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). ASB securities is a broker in which you can buy/sell individual shares, and you pay for each trade. 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). His fees are:– Sharesies: $575– ASB Securities: $825– Direct Broking: $1,644.50Sharesies is cheaper for Bruce, as the brokerage fees from his regular investments really add up for ASB Securities and Direct Broking. ... ASB and ANZ investment will accept investing in kids name. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. 18:01. IP: 220.127.116.11. Fortunately I’ve built a spreadsheet to calculate the fees based on these variables. Direct Broking offers the best value fees for big trades (i.e. 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. What happens to your money if InvestNow or Sharesies go bust? 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 Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. Sharesies shows prices 20 minutes behind live - e.g. See my comparison between investing in funds vs individual companies to help you decide. Sharesies.nz informations. A brand new insurance experience! "for the app crowd". Brokers charge brokerage fees on every trade i.e. 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. The share prices are shown on Sharesies are delayed by at least 20 minutes. THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Pricing data supplied by ASX and/or NZX. Subscribe to get new Money King NZ articles in your inbox. For this fund I am assuming a 6% return after costs for all funds. 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. Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. Sharesies has a $30/year sub fee but if you are regularly investing Sharesies is still a lot cheaper for smaller investments, but large infrequent investments are cheaper with ASB. This feature is standard in other brokers. Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. Instead they are owned by a “Sharesies Nominee” which is a custodian holding the shares on your behalf. 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. New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a custodial service. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Market data provided by Refinitiv , Drivewealth , and IEX Cloud . Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. ASB Securities terms and conditions apply. IP: 18.104.22.168. Each of these providers offers access to a different range of financial products. 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. Investing in individual companies vs funds – What’s better? You may have to register before you can post: click the register link above to proceed. Sharesies displays each company’s gross dividend yield, but their data for this is often totally inaccurate. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Kiwi Investments 1,710 views. This review looks at what those options are, how much it costs and where to begin. Found this article helpful? 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. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. They don’t offer a mobile friendly view either. ASB Securities Limited is an NZX firm. We've partnered with Drivewealth to provide access to US markets. 47 likes. 'Embarrassing' Osimhen faces Napoli sanctions for breaching Covid rules in Nigeria. You’ll need to be at least 16 years of age and have an NZ bank account. Welcome to Millennial Fire Kiwi! Now that you are fired up and ready to secure your financial freedom, here is a breakdown of two great passive investment options. This also means that your shares are held directly in your name on a company’s share registry. Use of images to improve presentation is perfectly fine. 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. You can’t participate in Dividend Reinvestment Plans (DRPs). The minimum investment amount with Sharesies remains at a super low $0.01. So it's a good deal if buying lots of less than $1,000 at a time. Press question mark to learn the rest of the keyboard shortcuts. So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. For the brokerage selling fees I have used ASB Securities rates and fees. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. Sharesies vs SuperLife & SmartShares. How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. Sharesies vs ASB Securities vs Direct Broking Fee Calculator. There’s a new kid on the block. The content of this article is based on my personal opinion and should not be considered financial advice. 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. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. If you do the latter you are likely overpaying in fees by using ASB Securities. For this fund I am assuming a 6% return after costs for all funds. Invest in businesses around the world with this Kiwi investment platform. In typical Sharesies fashion, they have provided a fantastic user experience for buying shares. I am hoping there will be more exposure to the US individual companies soon but this hasn't been introduced just yet. When you buy shares through Sharesies, you do not get direct ownership of them. ASB Securities and Direct Broking allows you to buy and sell shares in any of t… 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. In terms of pricing, it’s hard to pick a clear winner in the Hatch vs Sharesies vs Stake battle. Sharesies vs InvestNow vs Smartshares: Available markets. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … To start viewing messages, select the forum that you want to visit from the selection below. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. If you’re looking for a simple way to dive into buying shares, check out what you can do with Sharesies. Dorothy also intends to invest in 15 companies. There are around 140 individual companies listed on the NZX. Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). A brand new insurance experience! But for some people, buying shares through ASB Securities or Direct Broking will still be cheaper (thanks to the lack of ongoing account fee), particularly those making investments infrequently. It's quick to sign up. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Find out more about why we started Sharesies on our blog.. Sign up Property vs Shares – The pros and cons of buying residential property. 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