Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Cost: $30 annual fee. I am interested in couples of their bond funds like Nikko AM NZ Bond Fund, Nikko AM NZ Corporate Bond Fund and Nikko AM Global Bond Fund. Investing. InvestNow said they are getting fund from Nikko to be on InvestNow platform. Also, there is a $20 credit for the early Beta investor. ( Log Out /  CrashAndBurn. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. Change ), You are commenting using your Facebook account. Sharesies vs SuperLife & SmartShares. Very invormative website, thanks Alpha. But if you are interested in indexed funds for your KiwiSaver, InvestNow’s SmartShares funds are also used by SuperLife, a KiwiSaver provider. Ethical KiwiSaver and non-KiwiSaver funds. Sharesies, InvestNow and Superlife are all options to buy NZ index funds at a retail level - this includes the range of funds by Smartshares. On the other hand, SuperLife also offers the same ETF in their investment fund with a different management cost. Check out the screenshots below. Dec 20 2020 MONEY WINS from fellow Happy Savers ... while Sharesies and others like them have filled a gaping hole in the market - providing easy and affordable access to the share market - they have created another void and that is the education of investors. Agree, SuperLife’s function and usability are way better than Sharesies. Yes, they’re all under 7. Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing – Kiwis pursuing Financial Independence and Retiring Early, InvestNow Added SmartShares ETFs into their Offerings | The Smart and Lazy, How Easy to Get Your Money out from SmartShares ETF, Different Tax on SmartShares and SuperLife ETF. Posted by 1 year ago. If you wish to set up something similar in SmartShares, you will have to spend $30 x 3 =$90 on set up fees, at least $500 x 3 = $1500 initial investment and $50 x 3 = $150/month contribution. They are out there, but hard to find. I’ve been doing research on investing in kid’s name. Archived. The different to Superlife is $41.5, 0.9%. Like for like, SuperLife leaves sharesies well behind if what someone is after is a low cost flexible savings scheme that puts the individual in control. There are also no brokerage fees and free withdrawals at any time, and any amount. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. SuperLife 13; Tax 1; Term Deposits 13; Wills 1; All in Sharesies. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. I am planning to do for my kid and will write a blog post about it in the future. Investing. I don’t think New Zealand needs another comparator.) martshares, InvestNow and Simplicity are not an option for the $100 investor due to their minimum start up requirements of $500, $1,000, and $250 respectively. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. It's quick to sign up. People have invested $7 million through Sharesies since its beta version launched in June. So Sharesies have a higher admin fee ($30) and ETF management cost (0.50%), so its expenses should be higher then Superlife NZ top 50 ETF. You can check out their current offers here. steve2222: This is quite a good blog for comparison of NZ based share fund offerings eg Sharesies, SmartShares, Superlife … However, Sharesies (beta) got a fantastic user interface and make investing as easy as shopping online. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Also beats InvestNow. Superlife holding was $122.28 more then Sharesies in year 5, 8.1%. I invested money in Milford Unit Trust PIE Funds (mainly growth) and have been doing rather well! Buy shares on the ASX. I found the cheapest diversified fund aligned with my risk appetite, and my focus goes on shovelling money in to it. This is an investment platform, where users can make investments with small amounts of money. It keeps the control in the hands of the parent (called a guardian) until the child is 25 and is tax efficient as it uses the child’s tax rate. However, their fees is not all that cheap. I believe that was an old offering. SuperLife makes the pension transfer process as simple as possible, so you can focus on your investment objectives. You’ll need to be at least 16 years of age and have an NZ bank account. Fund Platforms: InvestNow, Sharesies, Superlife; Fund Managers: Kernel, Simplicity, Superlife, Smartshares; Broker: Sharesies, Hatch, Stake, ASB securities, Direct Broking; If you want to learn more about each of these investment providers check out my previous post on DIY Investing In Funds And Shares In New Zealand: Popular Investment Platforms For Kiwis. Anyway, that’s my personal preference. Superlife 30 will aim to hold around 30% of growth asset and 70% of income asset in the portfolio. Basically which platform do you use and why? The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … That leaves just Sharesies and Superlife as available fund providers. No member fee for kids. Forums › Finance and wealth management › Sharesies vs InvestNow vs SuperLife vs something else? It has lower fees than Sharesies and the others mentions in Alpha’s response. Now we will do the same thing by increasing the investment to Smartshares minimum requirement. At this level of investing we are looking at just a $240 difference over 30 years. Sign up. One of their mission is to make investment fun, easy and affordable. Sharesies interface and user experience are way better than both of them. I didn’t do a high contribution comparison here because SmartShares are really not fir for portfolio building. ( Log Out /  Meaning the fund is not too heavily reliant on the top 10 companies. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. Sharesies has an auto-invest feature that lets you set-and-forget investments into a Global, Responsible, or DIY order. Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. Last time I check they are no longer accept new account. Hope more companies like Sharesies will pop up in New Zealand to bring more people into investing. However, I still think Sharesies is doing something good here. The different between SmartShares and Sharesies at year 5 is $154.75, 3.3%. One of its missions, is to make investment fun, easy and affordable. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. You can check out the detailed comparison here. I’ve been looking mostly into InvestNow and am pretty happy with them especially with Vanguard. (Although I will suggest going with Superlife on NZ top 50. In this video I'll be doing a quick review of the 2 low cost Kiwisaver providers: Simplicity and Superlife in terms of: 1. Superlife did better as it has a lower management fee and admin fee resulted in a higher return for the customer. ASB and ANZ investment will accept investing in kids name. The main selling point of Sharesies is by paying a $30 annual fee, an investor can invest into multiple investments with the minimum at just $5. Due to the small amount of holding, the lower management cost (0.35%) did not cover the higher annual fee ($30) with Sharesies. They offer a range of funds and companies to invest in. However, if you wish to cash out those Smartshares at this stage, it will cost you at least $30. I’ve already covered that in another post). Based on the analysis, SuperLife is still the better choice on low contribution and most of the high contribution (except US 500 ETF) regarding cost. If you have any questions please contact us at smartshares@smartshares.co.nz, or on 0800 80 87 80. Our Sharesies vs Hatch vs Stake Guide outlines the offering in detail, and how it compares to alternative platforms. Email thesmartandlazy@gmail.com or follow me on Twitter @thesmartandlazy if you have any questions. In comparison, SmartShares ETF initial investment is $500, set up cost is $30/ETF and monthly contribution minimum is $50. I am sure Sharesies will continue to improve on their functions and brign in more investment options. This is the amount of low contribution and expected return. I’ve got their invitation recently and checked out their offerings. The funds contain varying mixes of assets, with cash and fixed-interest bonds (income assets) making up most of the conservative funds, and equities (growth assets) making up more of the growth options. The SuperLife KiwiSaver scheme allows you to invest in a range of Smartshares’ ETFs as part of your SuperLife KiwiSaver investment portfolio. Thanks for the update. I don’t mind about the $30 admin fee if that what’s it take for a newbie to start investing for their future. › Verified 8 days ago More about Pension Transfer. All my money is in ETF or low-cost passive index fund. Of course, we will need to wait and see if the cost is low enough. Many thanks! Hi – what about simplicityfunds – how do they compare here? Change ), You are commenting using your Google account. I assume your three kids are under 18. 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). I have a strong feeling this has been cleared up before but I can't find any substantial answers. Contacting Us. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. They exclude unethical companies and i’m not willing to sacrifice performance for ethical reasons. Comparing these three, InvestNow offer the cheapest option. Low fees, 100% online, passively managed index funds. If I’m being more charitable to myself, I try to write content on this blog that is evergreen. Set up. There are more than 80,000 New Zealanders invested in Smartshares’ products, either directly, via its SuperLife business, or through financial advisers and investment platforms Sharesies and InvestNow. Not feasible at all. So Sharesies is actually a great tool to build a simple portfolio. SmartShares USF came out on top with no annual fee and lower management cost. In this video I'll be talking about what financial independence is for complete beginners and how to calculate your own Financial Independence value to start your own financial journey. This will be my … Let’s check out the cost difference. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). They will accept under 18 to be on their service. Administration fee - $12 a year (regardless of the number of investment options you invest in, or the number of times you change investment options). They are an investment platform where users can make investments with small amounts of money. Sharesies is a New Zealand financial start-up company, supported by Kiwibank Fintech Accelerator. You must also look at the efficiency of the investment. Change ), Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing, View @thesmartandlazy’s profile on Twitter. Sharesies is promoting to young Kiwis who never invested before by providing a straightforward and easy-to-use app. I have a strong feeling this has been cleared up before but I can't find any substantial answers. Superlife bond fund charge 0.44% seems to be a better options. ( Log Out /  InvestNow vs Sharesies . Let’s take a look at the options from each issuer, and the differences between all of them: Sharesies are still in beta, so there are some functions are missing, like reinvest and auto allocation. They have low minimum investme… Sharesies vs SuperLife & SmartShares. Jul 26 Smartshares NZ Top 50 vs S&P/NZX 50 Ruth. Hi there, we are looking to invest around 10,000 for our three kids in each of their names. Investment Options-- content here ---- Block start --Age Steps. I Just found this on Superlife’s website… https://superlife.co.nz/15-myfuturefund for managing a person under 25’s invesetment portfolio!! So cost is not a huge consideration here. The difference between SmartShares and Sharesies is $163.34, 3.3%. Both Superlife and Sharesies won’t accept under 18 to be on their service. Ease of use and other factors may be more important here. Basically which platform do you use and why? ", New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. 17. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Analysis Paralysis - SuperLife or SmartShares — The Happy Saver Compare ETF Fund Cost between Superlife and Smartshares ... AMP NZ Share index fund vs SmartShares NZ Top 50: Fee Update So excited! 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 you have the $500 and $50/month to invest, SmartShares is the cheaper way. Awesome! I would crack straight into answering her question about the SmartShares vs SuperLife comparison but first I needed to duck down to the supermarket to buy some toothpaste (despite the fact I spent an hour at the supermarket the day before doing the biggest shop I have done all year). ETFs and individual companies directly on the NZX. Fees 2. SuperLife workplace savings scheme. PS. They’ve done an excellent job on explaining each investment options to beginner investment and make it accessible. Press J to jump to the feed. In both scenario, Investor with low contribution level and better with SuperLife. SuperLife still offers the myFutureFund product and it is probably the best product in the market for saving for a child as it is very flexible, has the full range of options, low costs and fill Internet and phone App facility. The PersonalFinanceNZ community charge $ 30/year admin fee resulted in a small amount into many low-cost, diversified.! 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