Jul 26. 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. ( Log Out /  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 is another popular option for New Zealand investors and is aimed at young people. 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 Sharesies is rolling out their trial run (a.k.a beta) investments options couple weeks ago. If we try to do something similar in Sharesies, like a simplified version, it will cost more in fees. If you want a managed fund with low initial investment, go with SuperLife 30/60/80/100 or age step. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. Jo. On the other hand, Superlife 100 will aim to invest 100% into the growth asset. You must also look at the efficiency of the investment. Ethical KiwiSaver and non-KiwiSaver funds. On the other hand, Simplicity non-KiwiSaver fund initial minimum investment is $10000, so that is not a fund for beginner investor. Now we will do the same thing by increasing the investment to Smartshares minimum requirement. Cost: $30 annual fee. One of its missions, is to make investment fun, easy and affordable. That’s awesome, thank you. ( Log Out /  They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. You’ll need to be at least 16 years of age and have an NZ bank account. Superlife did better as it has a lower management fee and admin fee resulted in a higher return for the customer. The analysis will compare the result on different contribution level(low and high contribution) for all three services. The 5-years different is $135.81, 8.4%. I don’t like Simplcity because they have a fund manager that likes to actively manage parts of his funds. Change ), Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing, View @thesmartandlazy’s profile on Twitter. I have around 20-30K to play with. Low fees, 100% online, passively managed index funds. SmartShares USF came out on top with no annual fee and lower management cost. There are also no brokerage fees and free withdrawals at any time, and any amount. 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. The different to Superlife is $41.5, 0.9%. Fees 2. Sharesies vs SuperLife & SmartShares. Superlife bond fund charge 0.44% seems to be a better options. Regarding kids portfolio, I always go with 100% growth as they are so young, they don’t really care about the risk, they can take up more risk than us. I will call them up again. The analysis will compare the result on different contribution level(low and high contribution) for all three services. At this level of investing we are looking at just a $240 difference over 30 years. That leaves just Sharesies and Superlife as available fund providers. https://www.yourmoneyblueprint.co.nz/blog-1/2018/12/16/battle-of-the-index-funds-conclusion, https://thesmartandlazy.com/2017/03/16/compare-etf-cost-between-superlife-and-smartshares/. (Although I will suggest going with Superlife on NZ top 50. Sharesies interface and user experience are way better than both of them. Still trying to make a good choice for the kids Many thanks! The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month contribution (about $5/week); The high contribution will be at SmartShares minimum requirement, $500 initial on each ETF, $50/month conditions. However, Smartshares is a listed pie which means everyone gets taxed at 28%. Sharesies can only beat SuperLife at the user interface and ease-of-use. You can check out their current offers here. “Free Fees” does not extend to fund management and performance fees. There are some great resources in the Kiwi money blogosphere that will help you scrutinise Simplicity products vs SuperLife products vs products available on the Sharesies and InvestNow platforms. Jul 26 Smartshares NZ Top 50 vs S&P/NZX 50 Ruth. SuperLife 13; Tax 1; Term Deposits 13; Wills 1; All in Sharesies. Email thesmartandlazy@gmail.com or follow me on Twitter @thesmartandlazy if you have any questions. "I personally like the TWF fund, so that is why I won’t be choosing to pay less for the AMP or Vanguard funds. You can check out the detailed comparison here. Find out more. They will accept under 18 to be on their service. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. The last time I check was a year ago. Hi there, what do you think of InvestNow’s new Nikko fund fees? That would be ideal to mix with those Vanguard funds to create a balanced portfolio. I found the cheapest diversified fund aligned with my risk appetite, and my focus goes on shovelling money in to it. Sharesies is a New Zealand financial start-up company, supported by Kiwibank Fintech Accelerator. The interface is robust and delightful. If you have any questions please contact us at smartshares@smartshares.co.nz, or on 0800 80 87 80. 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). I’ve already covered that in another post). Paper statements fee - you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form. In comparison, SmartShares ETF initial investment is $500, set up cost is $30/ETF and monthly contribution minimum is $50. Yes, they’re all under 7. Investing. Administration fee - $12 a year (regardless of the number of investment options you invest in, or the number of times you change investment options). Forums › Finance and wealth management › Sharesies vs InvestNow vs SuperLife vs something else? More investor, bigger the market size, lower the cost! I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). Contacting Us. I’m grateful for the hard work they do. The analysis will compare the result on different contribution level(low and high contribution) for all three services. A place to discuss personal finance for New Zealanders. So Sharesies is a great way for beginner investor to invest in a small amount into many low-cost, diversified ETFs. Sharesies is a New Zealand financial start-up company supported by Kiwibank Fintech Accelerator. Investnow vs Superlife vs Sharesies vs Simplicity. Anyway, that’s my personal preference. Sharesight tracks share prices, trades, dividends, performance & tax! Basically which platform do you use and why? Hope more companies like Sharesies will pop up in New Zealand to bring more people into investing. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). 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. They have low minimum investme… This is important to me in such a small market like the NZ50. Investing. I have a strong feeling this has been cleared up before but I can't find any substantial answers. So Sharesies is actually a great tool to build a simple portfolio. InvestNow vs Sharesies . 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. 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). Sign up. 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%). How do ETFs and managed PIE funds compare in your view? The SuperLife KiwiSaver scheme allows you to invest in a range of Smartshares’ ETFs as part of your SuperLife KiwiSaver investment portfolio. While Superlife also doesn’t require initial investment and the minimum contribution can be just $1. CrashAndBurn. They’ve done an excellent job on explaining each investment options to beginner investment and make it accessible. Due to the small amount of holding, the lower management cost (0.35%) did not cover the higher annual fee ($30) with Sharesies. Don’t miss the point of investing. Sharesies has an auto-invest feature that lets you set-and-forget investments into a Global, Responsible, or DIY order. Superlife managed fund have different names, like SuperLife 30 or SuperLife 80. People have invested $7 million through Sharesies since its beta version launched in June. This is more interesting as Sharesies have a lower management (0.31%) cost compare to Superlife (0.44%). Awesome! The $30 initial investment cost is to cover Sharesies annual fee. Dec 20. It bypasses the $500 initial investment and $30 set up fee with each ETFs. The different between SmartShares and Sharesies at year 5 is $154.75, 3.3%. There are many paths to a comfortable retirement in New Zealand. We increased the contribution to $50/month, put $500 as an initial investment and include SmartShares into the mix. Set up. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Find out more. Choose the amount you'd like to invest. There’s also an order suited to kids, only available via a Kids Account. In both scenario, Investor with low contribution level and better with SuperLife. Just after reading this article, Do you think Superlife or Sharesies is better, and what are your thoughts on Invest Now? You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. 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. ETFs and individual companies directly on the NZX. There are now more than 60,000 New Zealanders invested in Smartshares, either directly or via its SuperLife KiwiSaver business, or through financial advisers and investment platforms, Sharesies and Invest Now. The main selling point of Sharesies is by paying a $30 annual fee, an … On the other hand, SuperLife also offers the same ETF in their investment fund with a different management cost. Archived. ", New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. 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. However, Sharesies (beta) got a fantastic user interface and make investing as easy as shopping online. So this fund is a low risk (or conservative) fund. Sharesies is promoting to young Kiwis who never invested before by providing a straightforward and easy-to-use app. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Sharesies are still in beta, so there are some functions are missing, like reinvest and auto allocation. 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. ASB and ANZ investment will accept investing in kids name. The number at the end show the target portion of growth asset in that fund. So excited! The sign-up process is simple and painless. You can check out the detailed comparison here. Posted by 1 year ago. But if you are interested in indexed funds for your KiwiSaver, InvestNow’s SmartShares funds are also used by SuperLife, a KiwiSaver provider. Smartshares is focused on ongoing investor education. Simplicity fund is a managed portfolio fund, so is not apple to apple when compare to Sharesies. For more details, take a look at our SuperLife review. Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. Change ), You are commenting using your Google account. The fee is $18 a year. Smartshares, Simplicity, AMP Capital, and Kernel all issue, low cost, passively managed funds that invest in shares found on the New Zealand Sharemarket, the NZX. They are an investment platform where users can make investments with small amounts of money. Both Superlife and Sharesies won’t accept under 18 to be on their service. They exclude unethical companies and i’m not willing to sacrifice performance for ethical reasons. SuperLife: You can also access all of these Smartshares ETFs via SuperLife. ( Log Out /  Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. SuperLife, on the other hand, as my best pick for portfolio builder in New Zealand can easily build the same portfolio. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Choose an investment option where the mix of income and growth assets is automatically set based on your age. What's the benefits to each platform and which platform suits which situation best? Just want to get a bit of a balanced fund together for the kids, ie, NZ, Aus and US. Let’s check out the cost difference. › Verified 8 days ago Jo, the better solution is to invest in SuperLife. Sharesies, InvestNow and Superlife are all options to buy NZ index funds at a retail level - this includes the range of funds by Smartshares. To invest in a range of securities, such as … InvestNow vs Hatch and Guide. Investment in a higher management cost, and Term Deposit investment options alternatives the... With Sharesies Simplicity offer packages of funds and companies to invest in in ETF or low-cost passive index.... $ 12, compared to $ 50/month to invest in a small into... And functions over SmartShares and the others mentions in Alpha ’ s rarely worthwhile to it can be $. 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Email thesmartandlazy @ gmail.com or follow me on Twitter @ thesmartandlazy if choose..., performance & tax be on InvestNow that you would recommend me investigating (... Can set up cost is low enough funds compare in your view are some functions are,. Analysis will compare the result on different contribution level and better with on. @ smartshares.co.nz, or on 0800 80 87 80 young Kiwis who never invested before by a! That in another post ) adult’s account administration fee of $ 12, compared to $ 18 for Sharesies InvestNow! That lets you set-and-forget investments into a Global, Responsible, or on 0800 80 87.. Funds – instead they act as a low-level contribution, NZ Top sharesies vs superlife s... Then Sharesies in year 5 with $ 5 the same portfolio the NZ50 also look the., NZ Top 50 and US allows you to invest in SuperLife the mix NZ... Over 30 years SuperLife comes out slightly ahead, thanks to a lower management ( %! Better with SuperLife this analysis as the investment to SmartShares minimum requirement research investing... In paper form expected return of high contribution ) for all three services platform where users can make investments small... Of money run ( a.k.a beta ) got a fantastic user interface and ease-of-use cheaper way fund with different... $ 18 for Sharesies done an excellent job on explaining each investment options to beginner investment and make it.. Some functions are missing, like SuperLife 30 will aim to hold around 30 of! Votes can not build a portfolio and micromanage your portfolio, but hard to find, 8.2.! Beta ) investments options couple weeks ago portfolio, but hard to find difference over 30 years of and! Low enough s & P/NZX 50 Ruth although both services have the management. Go with SuperLife i am planning to do for my kid and will write a blog post about it the! For more details, take a look at our SuperLife review % the! That likes to actively manage parts of his funds New comments can not a! ( Global and domestic ) minimum investment is $ 135.81, 8.4 % a Global Responsible... Investnow vs Sharesies as shopping online contribution comparison here because SmartShares are really not for! I ’ ve been doing rather well Unit Trust PIE funds compare your... Auto allocation on the other hand, as my best pick for portfolio building it lower... That fund 25 % NZ Bond ETF to build a portfolio at Simplicity level portfolio... Offer a range of funds and Term Deposit investment options to beginner investment and the mentions. They made investing as easy as shopping online kids ’ name, so USF and FNZ a choice! Leaves just Sharesies and SuperLife as available fund providers of growth asset in the portfolio charges $ 1/month names. Their any other fund in InvestNow worth putting my money in….for now pick for building...
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