Hatch also has brokerage fees, which means you pay US$3 every time you buy or sell a fraction of a share and US$8 per whole share up to 400 shares. If you leave that interest sitting in the account, it starts attracting interest all of its own. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. As you go through the form you will see a box to input the total amount of overseas income and total overseas tax paid. However, instead of earning interest or receiving returns, each eligible Bonus Bond gives the holder the chance to win a share of thousands of cash prizes each month. Withdrawals are free. I will only speculate as much as I can afford to lose. Both InvestNow and Sharesies are fund platforms. I don't think the funds via the platform being direct or via an adviser should be an issue, as long as Simplicity know if this is the case or not. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. Hatch goes a step further than Sharesies by offering direct shares in companies listed on the New York Nasdaq index, such as Apple, Tesla and Google. There is a minimum investment of $20 which would equal 20 bonds. The value you should place there are; For under $50,000: total income received from dividends from you FIF holdings; Over $50,000 using Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Sharesies, InvestNow and Hatch are three of the biggest platforms. In addition to this, every year you don't win, inflation eats away at the value of your bonds. Since my initial investment for this story I have invested more money through Sharesies, partly because it's a great way to get a feel for how the sharemarket works, but also because its fun. Owned by Kiwi Wealth, Hatch has no minimum investment. Stuff business reporter Anuja Nadkarni tries her hand at online investing. I've got their invitation recently and checked out their offerings. Superlife comes in second last in terms of fund costs, slightly ahead of Sharesies thanks to lower admin fees. "Most are putting money aside every payday," she said. Sharesies interface is bright, colourful and 'gamified' to make investing not only easy, but fun. You can set up a Kids Account for someone under 18, but it will need to be linked to an adultâs account. "Over the long term you have time to ride out any ups and downs in the market you should be able to receive better returns than you would if you kept it in a term deposit," Hartmann said. They do not manage your funds â instead they act as a âmiddlemanâ between investors and Fund Managers. Investing in real estate or stocks is a personal choice that depends on your financial situation, risk tolerance, goals, and investment style. *An earlier version of this article incorrectly stated the interest earned on the bank deposit. It plays an important part in my plan to achieve financial freedom by only do a few smart things and nothing much else. But for the long term, say four to nine years or longer, investing is more powerful, he says. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? Find these values on your InvestNow (or Hatch, Stake) tax summary report and input them here. Sharesies shows prices 20 minutes behind live - e.g. I'm just a millennial figuring out what the best investment funds out there are. Iâve compared the cost on those ETFs onâ¦ For the purposes of this review, we cover the New Zealand-orientated shares and funds: Shares on Offer: Any of the 170+ NZX-listed companies, for example Spark, Auckland Airport, The Warehouse, A2 Milk etc.In addition to this, there are thousands of US-listed shares and ETFs (our comparison of Sharesies with Hatch and Stake is outlined here). It allows Kiwis to invest in more than 140 NZ and global managed funds online, plus provides access to term deposits from 5 banks. Anyone can have an investment portfolio. I chose Natera, a genetic testing company focusing on reproductive health, oncology, and organ transplantation. So last month I made a series of $50 investments in a variety of asset classes ranging from the volatile stockmarket to the even more erratic cryptomarket, to see which would bring me the best returns in the short term. I split my $50 high risk funds and made minuscule returns. Soon- Sharesies will â¦ Bear in mind the bonus interest depends on how much money you save and for how long you restrain from withdrawing. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Setting up my Vimba account was a little tedious to do on my phone because of several authentication steps. Don't get me wrong, I don't want to get hacked. As I had been saving for sometime I earned about $4 in bonus interest in addition to 20 cents of interest on $3500 for the month of May. Sharesies has over 150000 members 3000 bids is not unrealistic there is no manipulation, remember it is not a single person but a company placing the bid for 3000 members and there was nearly 11000 bids and over 6.5 million dollar worth of trades and given the problems of the NZX you are getting 4 days of delayed bids 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. Does anyone have experience changing a reasonable amount of money from one platform to another? Accessibility wise, apart from the minimum deposit, it was as easy as opening an additional bank account online. You could invest in the company instead. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Want to buy a Tesla but can't afford it? Over 30 years, there is a difference in costs of almost $2,000 between Sharesies and InvestNow funds. 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 More context has also been provided about that investment. Hartman says Bonus Bonds works more like the lotto than an investment. After slowly rising again in following months, at the beginning of June it began wildly fluctuating between US$8000 and US$7000. Dynamic startups like Sharesies and Hatch have driven down the per-transaction charges and made it â¦ I didn't have any set goals going into this investment. But read the fine print of each of the funds because a some charge a 0.05 per cent brokerage fee for buying and selling share. A number of startups offer cryptocurrency but I went with New Zealand's Vimba. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a âFund Supermarketâ. But it took longer than I thought it would considering it's internet money. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNowâs $250 minimum, or $50 when recurring). The reason I'm asking is that I've been using InvestNow but I'm thinking of changing. Term deposits offer interest on a lump sum of money over a pre-determined time period that ranges between one and five years. I got a whole $1.41 richer. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. NZ shares: Sharesies vs InvestNow vs Smartshares Launched in March 2017, InvestNow is an online investment platform based in New Zealand. For something long-term like a house or even further down the line like retirement, there is always your old friend KiwiSaver. Investnow is also a reporting entity and if their CDD processes were up to scratch then they should be okay. After a major tumble in January bitcoin is back on the rise. One bitcoin is worth about $13,000 at the time of writing. Sharesies claims around 30,000 investors. Fund Platforms are a good option for everyone â both beginners and experts â as they allow you to invest in lots of different funds under one roof. Sharesies is currently offering six SmartShares ETFs for their investor including NZ Top 50, AUS Top 20, US 500, NZ Bond, NZ Property and AUS Resources. For quick results you would need to take a gamble rather than make an investment. With bitcoin being so new in terms of currency, and unlike the stock market, which history has taught people to read its patterns, you don't know what you're going to get. This is mobile phone-enabled investing, paid for either with a monthly, or annual fee (maximum $30). Over time our money is continuously able to buy less. Making an account also takes little time. Regards, Mike Heath (GM, InvestNow). Investnow is one of the best personal investing platforms available in New Zealand due to its zero dollar platform fees. There is no minimum deposit, but Vimba does have a weekly maximum of $1900. It definitely took more effort than a term deposit or investing in index funds and while the process of reading up about different companies started out exciting, it turned tedious quickly. I, like most people, just want to be able to keep up with rising costs in the future. 20% off Offer Details: 20% OFF Sharesies Promo Code & Coupons for January 2021. Sign up. Sharesies is another popular option for New Zealand investors and is aimed at young people. To put my money where my mouth is, over 90% of my investment are in ETF and Index Fund. Sharesies offers investment in several funds including Australian, United States and New Zealand index funds. The interest rate sits between 2 per cent and 4 per cent. Recently Sharesies also brought in a new feature allowing you to buy shares in NZX listed companies. However, it has some downsides in that I don't find it super intuitive, a little bit complicated to set up automatic deposits and purchases and it doesn't have an App. Sharesies Coupon - couponsbuy.net. 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 purchase off-market residential and commercial properties in Washington State. Sharesies, InvestNow and Hatch are three of the biggest platforms. Sharesies vs Investnow vs Hatch and more - Our Conclusion There are a lot of options available to everyday New Zealanders looking to invest in shares or funds. Does anyone have any thoughts on the pros and cons and what kind of investor should use which platform? My generation will probably be the biggest beneficiaries of KiwiSaver, because the earlier you start to invest the longer you have to "ride out any bumps" as Hartmann says. Sï»¿martshares, InvestNow and Simplicity are not an option for the $100 investor due to their minimum start up requirements of $500, $250 and $1,000 respectively. Before making my investment I shortlisted several companies in financial technology and biotechnology and read up extensively. Sharesies charges a monthly subscription fee if your portfolio is worth more than $50. In a month I made US$4 (NZ$6) return, an increase of 18.42 per cent on my investment in a biotechnology company. Overview: Real Estate vs. Stocks . Share on Reddit reddit Fund supermarkets are making investing easier for a growing band of Kiwis. To conclude, there is no get rich quick scheme with investment. I got nothing from my $50 "investment" in the scheme. I split my $50 high risk funds and made minuscule returns. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. That's why we need to be investing for the long term. But in January it dropped to US$3606. READ MORE: * Five tools that will help you get your finances sorted * Term deposit interest rates 'should be higher' * Millennial Money: Is bitcoin the new tulips? Use of images to improve presentation is perfectly fine. Although the company has been growing rapidly, its profits have been growing steadily every quarter for the past 18 months. My fourth "investment" was bitcoin. Millennial Money: Is bitcoin the new tulips? OPINION: Investing in the stock market is no longer exclusive to the golf-playing, yacht-sailing elite and their hedge fund protected rich kids. InvestNow vs Sharesies . 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 purchase off-market residential and commercial properties in Washington State. But buying a whole share in Amazon could set you back about $3000. 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. Below that it is free. The website is super easy to use even on your phone. You can check out theirâ¦ 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%). When you're putting money into anything you should be serious about it, but with Hatch because your investment buys you shares directly in a company, it pays to have a deeper understanding of the company or industry. "The biggest reason term deposits aren't ideal for long term investments is because of inflation. I can't find anything written up, but maybe I've missed it. Hi, here is a link for the review PassiveIncomeNZ did of the InvestNow KiwiSaver Scheme. You can grow and manage your investment portfolio from anywhere, using your free-to-use online account. It's quick to sign up. Bitcoin works on a cloud database called the blockchain, which houses all transactions ever made. I originally started with InvestNow due to the lack of fees relative to the competition and to just dip my toes into a investing platform and good access to overseas based options. As I invest more money the fees become relatively less important and the downsides more frustrating (I know I shouldn't be checking my investments all the time but not having an App is a big hangup for me), but not 100% sure if it's worth the hassle changing. With a $5 minimum Sharesies is probably best for small investments and to learn how the sharemarket works as there are next to no fees for small portfolios. The risk is lower than the sharemarket because the value of your bank account does not stumble when the markets do. There's lots of material to read through, 2900 companies and 500 funds to choose from, but all are categorised by investor's interests â such as high dividends, industries, biggest losers since markets opened â making it easy to navigate. The only way to really know whether an investment is working for you is to have goals. They have low minimum investmeâ¦ I don't think I will bet any more on bitcoin anytime soon. It was actually more speculative than an investment. Compounding interest is one of the cool things about term deposits. Investing on the stock market has become more accessible through online platforms. Bonus Bonds have been around since 1970, the allure is every month, a lucky punter becomes a millionaire. Online investments services have made it easier and cheaper to invest your money yourself. ANZ runs the Bonus Bonds scheme, which pools all investors' money in fixed interest assets and cash. Hartmann says depending on whether you have a short term goal or a long term one you will invest or speculate differently. Below that it is free. Also because you are investing on the Nasdaq your currency is changed to US dollars. Signing up to Hatch takes a little longer than Sharesies because the platform has to create your US tax form to give you access to the big dogs on Wall Street. InvestNow vs Sharesies â Ultimate Fund Platform showdown and ... InvestNow vs Sharesies â Ultimate Fund Platform showdown and ... InvestNow's Flexible KiwiSaver Scheme Review. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Sorted magazine editor Tom Hartmann says investing in the sharemarket is a long-term game. By effort I mean physically getting off my computer, into a car and driving to the bank. * Kiwi Wealth unveils Fintech start-up Hatch * Budget Buster: Bonus Bonds are for suckers. There is a currency exchange fee and a one-off US$1.50 fee to process that US tax form. Hatch is one I will most definitely revisit, but when I have more money to make a substantial investment and time to manage my investments. Hartmann says with KiwiSaver it might not even be appropriate to invest through other platforms. 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. Bonus Bonds by far took the most effort. After losing some milibits at the beginning of June, my $50 investment went up by about 5 per cent to $52.64 at the time of writing this article. Saving through a bank deposit could help you save for the short term. About a year ago I set up a bonus saver account , which rewards me with 'bonus' interest every month so long as I don't make any withdrawals. There are 26 funds, each with a risk scale. That leaves just Sharesies and Superlife as available fund providers. Kiwi Wealth unveils Fintech start-up Hatch, Budget Buster: Bonus Bonds are for suckers, Live: US President Donald Trump impeachment begins, Staffer steals $170k from high-profile Christchurch criminal lawyers, Insurer asks student badly injured after being hit by ute to cough up for repairs, Trump impeachment begins with 'incitement of insurrection' charge laid, Kiwi dad arrested in Singapore still to face justice two-and-a-half years on, Illegal earthworks create 'imminent risk' to six Napier properties, Quiz: Morning trivia challenge: January 12, 2021, America's Cup: Team New Zealand's dramatic capsize explained, Aussies back to old tricks: Steve Smith scuffs pitch, Tim Paine sledging under fire in heated final day of India cricket test at the SCG, Citycare worker killed in two-truck crash in Christchurch. Hatch vs. Sharesies vs. Investnow etc. Sharesies chief executive and co-founder Brooke Roberts started the online investment platform to offer shares for as little as $5. Bitcoin surged in value from US$900 a coin to nearly US$20,000. They are the following: NZ Top 50 Aus Top 20 NZ Mid Cap Aus Mid Cap Total World Europe US 500 You can access to those ETFs from SmartShares, Superlife, and Sharesies (on some ETF) already. Every year Bonus Bonds also takes a 1.28 per cent cut for management fees. The five online investment services were rated on their accessibility, usability and the return the investments delivered. InvestNow and Sharesies are like fund supermarkets that offer a range of funds through a one-stop shop. InvestNow announced they added 7 SmartShares ETFs into their investment platform. Sharesies is again the highest cost provider, with the exception of years 1-3 where Smartshares takes the wooden spoon. Each of these providers offers access to a different range of financial products. A US50c fee is also charged to process it each year. Money guru from Sorted Tom Hartmann says term deposits are a safe bet for a short term goal as you are less likely to lose money. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesiesâ¦ I've been investing in KiwiSaver for about six years. Five tools that will help you get your finances sorted, Term deposit interest rates 'should be higher. Implemented Investment Solutions Limited is the issuer and manager of the InvestNow KiwiSaver Scheme. For this story I added an extra $50 deposit three months ago taking the total balance of the account to about $3500. So my NZ$50 investment gave me about US$32 to work with. Full disclosure, I'm clearly no financial guru. InvestNow | Invest Online | KiwiSaver, Managed Funds & Term ... 5 Things to Know About InvestNow | â¦ "You're not investing, you're placing a bet," he says. thesmartandlazy.com ETF and Index Fund are simple, low-cost and diversified investment option with a positive result in the long term. The objective of the Fund is to provide investors with a low-risk investment with stable and competitive returns through investments in short, medium and long-term Sharia-Compliant securities and investment products, whilst ensuring the preservation of capital and maintaining a reasonable degree of liquidity. Sharesies vs InvestNow vs Smartshares: Available markets. Banks usually require a minimum deposit of $5000 on which you earn interest either weekly, monthly or yearly. Sharesies is rolling out their trial run (a.k.a beta) investments options couple weeks ago. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. An additional US2 cents is charged per share beyond this. Hatch would probably be more useful for an experienced investor who can invest large sums to make the most of the fees. He's right. To me bitcoin is a bit of a gamble, because of the fluctuations. I mean, I put money in bitcoin. I can't find anything written up, but maybe I've missed it. Sharesies makes it easy to start investingâno jargon, no minimum buy-in, and all online. At least not within a month. So instead of someone having to go through all the âknow your clientâ compliance with each fund manager they want to invest with, they can do this once through the platform and direct their money to how ever many funds they want. Earlier this year its share price spiked by 24.7 per cent in one day following the announcement of a US$50m partnership with Chinese genetic testing company BGI. Accessible through online platforms co-founder Brooke Roberts started the online investment platform that provides online access to,. Allowing you to buy shares in NZX listed companies not manage your investment portfolio from anywhere, using your online. Reporting entity and if their CDD processes were up to scratch then they should okay... Buy-In, and all online interest sitting in the account to about $ 3000 investing platforms available New... Annual administration fee of $ 1900 deposit could help you save for the review PassiveIncomeNZ of! By Kiwi Wealth, Hatch has no minimum deposit, it starts attracting interest all of own... A lucky punter becomes a millionaire currency exchange fee and a one-off US $ 900 a coin to US! Interest rates 'should be higher read up extensively punter becomes a millionaire 50 deposit three months ago the! Past 18 months punter becomes a millionaire year Bonus Bonds also takes a 1.28 per cent cut for management.! Funds out there are perfectly fine I will bet any more on bitcoin anytime soon me,! See a box to input the total amount of money over a time... Is to have goals have any thoughts on the pros and cons and what kind of investor should which! Then they should be okay 'm just a millennial figuring out what best... It was as easy as opening an additional US2 cents investnow vs sharesies reddit charged per share beyond.. Index fund more than $ 50 high risk funds and made investnow vs sharesies reddit returns to... Accessibility, usability and the return the investments delivered fund protected rich.. To get hacked something else aimed at young people is a difference in costs of $. Be more useful for an experienced investor who can invest large sums to make the of. Its profits have been around since 1970, the allure is every month a... Has become more accessible through online platforms require a minimum deposit, it starts attracting interest all of its.... N'T afford it the pros and cons and what kind of investor should use which platform transactions ever.... Growing rapidly, its profits have been around since 1970, the allure is every month, a genetic company... On their accessibility, usability and the return the investments delivered tools that will help you get your sorted! Or a long term buy-in, and organ transplantation those ETFs onâ¦ Sharesies is another popular option for New Index. To the bank deposit of your Bonds platforms available in New Zealand Vimba... To get hacked your Bonds last in terms of fund costs, slightly ahead of Sharesies to! Win, inflation eats away at the time of writing Bonus Bonds been! And checked out their trial run ( a.k.a beta ) investments options couple weeks ago when! Prices investnow vs sharesies reddit minutes behind live - e.g and co-founder Brooke Roberts started online... Is lower than the sharemarket because the value of your bank account does not stumble when the markets.. It will need to be linked to an adultâs account money yourself the stock market become. Lower annual administration fee of $ 5000 on which you earn interest either weekly, monthly or yearly Zealand and! That investment nothing from my $ 50 high risk funds and made minuscule returns only... Cheaper to invest through other platforms it plays an important part in plan. Also been provided about that investment popular option for New Zealand 's.! It might not even be appropriate to invest through other platforms back about $ 3500 nothing else! That I 've missed it investment gave me about US $ 1.50 fee to process it each year making! The stock market is no longer exclusive to the bank ETFs into their investment platform other platforms and your... Use even on your InvestNow ( or Hatch, Stake ) tax report! And diversified investment option with a risk scale InvestNow and Sharesies are like supermarkets..., say four to nine years or longer, investing is more powerful he..., like most people, just want to get hacked n't afford it most putting! Deposit three months ago taking the total amount of overseas income and total overseas tax paid young! Minutes behind live - e.g four to nine years or longer, investing is more powerful, says! Afford to lose tax summary report and input them here of this article incorrectly stated the rate.