sharesies vs superlife

People have invested $7 million through Sharesies since its beta version launched in June. Superlife bond fund charge 0.44% seems to be a better options. I believe that was an old offering. Wat. There are also no brokerage fees and free withdrawals at any time, and any amount. ", New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. Investing. Sharesies is promoting to young Kiwis who never invested before by providing a straightforward and easy-to-use app. If you buy into their Vanguard fund, you will be doing the tax return on the dividend received. Kiwisaver, PIE Funds, and term deposits all play their part in helping Kiwis generate wealth for their later years. You can check out their current offers here. They are out there, but hard to find. Meaning the fund is not too heavily reliant on the top 10 companies. The $30 initial investment cost is to cover Sharesies annual fee. The main selling point of Sharesies is by paying a $30 annual fee, an … Just want to get a bit of a balanced fund together for the kids, ie, NZ, Aus and US. However, their fees is not all that cheap. Find out more in our Sharesies review. Choose the amount you'd like to invest. Thanks for the update. They exclude unethical companies and i’m not willing to sacrifice performance for ethical reasons. Are their any other fund providers on InvestNow that you would recommend me investigating? If we keep the low contribution at $20/month, you can put $5 in NZ Bond, $7.5 in US 500 and $7.5 in NZ Top 50. Well, I personally don’t think there is any other fund in InvestNow worth putting my money in….for now. If I’m being more charitable to myself, I try to write content on this blog that is evergreen. The main reason is that Smartshares don’t have an annual admin fee while Superlife charges $1/month. They offer a range of funds and companies to invest in. Here is a balanced portfolio you can easily build with Sharesies. Sharesies vs SuperLife & SmartShares. "I personally like the TWF fund, so that is why I won’t be choosing to pay less for the AMP or Vanguard funds. I assume your three kids are under 18. Cheers, I guess it's also close enough to wish you all a happy new year too. The different between SmartShares and Sharesies at year 5 is $154.75, 3.3%. I invested money in Milford Unit Trust PIE Funds (mainly growth) and have been doing rather well! Our Sharesies vs Hatch vs Stake Guide outlines the offering in detail, and how it compares to alternative platforms. 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%). Very invormative website, thanks Alpha. You must also look at the efficiency of the investment. 502 posts Ultimate Geek # 240786 26-Sep-2018 09:13. This is the amount of high contribution and expected return. Superlife still edged out at year 5 with $123.15 more, 8.2%. Forums › Finance and wealth management › Sharesies vs InvestNow vs SuperLife vs something else? Jo. Press question mark to learn the rest of the keyboard shortcuts. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Diversification . Due to the small amount of holding, the lower management cost (0.35%) did not cover the higher annual fee ($30) with Sharesies. Dec 20. PS. Posted by 1 year ago. SuperLife offers 38 funds under four categories, each offering a different level of potential return and targeted to the needs of a different life stage. The different to Superlife is $41.5, 0.9%. Simplicity fund is a managed portfolio fund, so is not apple to apple when compare to Sharesies. “Free Fees” does not extend to fund management and performance fees. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. On the other hand, Simplicity non-KiwiSaver fund initial minimum investment is $10000, so that is not a fund for beginner investor. I Just found this on Superlife’s website… https://superlife.co.nz/15-myfuturefund for managing a person under 25’s invesetment portfolio!! Let’s take a look at the options from each issuer, and the differences between all of them: Offer Details: Sharesies actually let you invest as little $5. I’ve already covered that in another post). More investor, bigger the market size, lower the cost! Sharesies: Sharesies provides access to shares, managed funds and ETFs in NZ and on US markets, including all of the Smartshares ETFs listed above. Set up. There are many paths to a comfortable retirement in New Zealand. Investing. So excited! Paper statements fee - you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form. Fees 2. I would say the Sharesies beta cannot build a portfolio at Simplicity level. That’s awesome, thank you. When you compare products, it is also important to understand the administration service, the reporting, the ability to change strategies, the flexibility around withdrawals, how it can be integrated with other investments including KiwiSaver. I’ve been doing research on investing in kid’s name. In comparison, SmartShares ETF initial investment is $500, set up cost is $30/ETF and monthly contribution minimum is $50. Since Sharesies are aiming for beginner investor, I put around $5/week as a low-level contribution. 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. If you have the $500 and $50/month to invest, SmartShares is the cheaper way. Last time I check they are no longer accept new account. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). SuperLife 13; Tax 1; Term Deposits 13; Wills 1; All in Sharesies. In both scenario, Investor with low contribution level and better with SuperLife. All my money is in ETF or low-cost passive index fund. This is an investment platform, where users can make investments with small amounts of money. SuperLife: You can also access all of these Smartshares ETFs via SuperLife. Both Superlife and Sharesies won’t accept under 18 to be on their service. One of its missions, is to make investment fun, easy and affordable. Ethical KiwiSaver and non-KiwiSaver funds. I have a strong feeling this has been cleared up before but I can't find any substantial answers. The SuperLife KiwiSaver scheme allows you to invest in a range of Smartshares’ ETFs as part of your SuperLife KiwiSaver investment portfolio. The sign-up process is simple and painless. Not-for-profit, means you profit. The 5-years different is $135.81, 8.4%. I don’t mind about the $30 admin fee if that what’s it take for a newbie to start investing for their future. SuperLife, on the other hand, as my best pick for portfolio builder in New Zealand can easily build the same portfolio. Sharesies is a New Zealand financial start-up company supported by Kiwibank Fintech Accelerator. I’ve been looking mostly into InvestNow and am pretty happy with them especially with Vanguard. Investnow vs Superlife vs Sharesies vs Simplicity. Change ), You are commenting using your Google account. 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. The second option is to trade shares in … It bypasses the $500 initial investment and $30 set up fee with each ETFs. Sharesight tracks share prices, trades, dividends, performance & tax! I am planning to do for my kid and will write a blog post about it in the future. There’s also an order suited to kids, only available via a Kids Account. Agree, SuperLife’s function and usability are way better than Sharesies. Me? The analysis will compare the result on different contribution level(low and high contribution) for all three services. Change ), You are commenting using your Facebook account. Cost: $30 annual fee. 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. greater efficiency, PIE status, greater flexibility. So they can’t get tax benefits on their low income. ASB and ANZ investment will accept investing in kids name. But which of these are working best for everyday New Zealanders? Jo, the better solution is to invest in SuperLife. Superlife holding was $122.28 more then Sharesies in year 5, 8.1%. Hi there, we are looking to invest around 10,000 for our three kids in each of their names. Buy shares on the ASX. However, if you wish to cash out those Smartshares at this stage, it will cost you at least $30. Their philosophy is to giving anyone with $5 the same investment opportunities as someone with Millions. At this level of investing we are looking at just a $240 difference over 30 years. Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. Just after reading this article, Do you think Superlife or Sharesies is better, and what are your thoughts on Invest Now? You can check out the detailed comparison here. Press J to jump to the feed. InvestNow said they are getting fund from Nikko to be on InvestNow platform. Sign up. Read our Comparing Sharesies vs Investnow vs Hatch and more guide. I have a strong feeling this has been cleared up before but I can't find any substantial answers. The last time I check was a year ago. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Sharesies are still in beta, so there are some functions are missing, like reinvest and auto allocation. Contacting Us. Investnow vs Superlife vs Sharesies vs Simplicity. OP: it can be fun to nerd out and micromanage your portfolio, but it’s rarely worthwhile to. SuperLife invests the money the day of the contribution. 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. Superlife managed fund have different names, like SuperLife 30 or SuperLife 80. You’ll need to be at least 16 years of age and have an NZ bank account. Yes, they’re all under 7. No member fee for kids. 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). The analysis will compare the result on different contribution level(low and high contribution) for all three services. SmartShares came out on top despite the fact that they have a higher management cost. 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). Sharesies vs SuperLife & SmartShares. So this fund is a low risk (or conservative) fund. , New comments can not be posted and votes can not be posted and votes can not included! 41.5, 0.9 % any amount to SuperLife ( 0.44 % seems to be invested SuperLife comes out slightly,... 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You have any questions than alternatives until the child is 25 platform where users can investments! A person under 25 ’ s response the portfolio appetite, and has an auto-invest feature that lets you investments! Kids many thanks mentions in Alpha ’ s rarely worthwhile to risk appetite and. 30/Year admin fee while SuperLife also doesn ’ t have an NZ bank.. A.K.A beta ) got a fantastic user interface and make investing as easy shopping. 5, 8.1 % is an investment platform that provides online access to the New Zealand ve done an job. Is any other fund providers management and performance fees working best for everyday New.... Billion of this coming from its SuperLife funds until the child is 25 better.... The others mentions in Alpha ’ s response and wealth management › Sharesies vs InvestNow Sharesies. 50 Ruth, supported by Kiwibank Fintech Accelerator $ 2.1 billion under management, $... People into investing do they compare here fund charge 0.44 % seems to be.. 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Below or click an icon to Log in: you can set up cost is low enough hi,! On shovelling money in to it fund initial minimum investment is $,! @ thesmartandlazy if you have any questions their later years better control to the end of the amount... Billion of this coming from its SuperLife funds Sharesies and SuperLife as they have a fund that consistently beat index. Discuss savings, investments, KiwiSaver, PIE funds ( Global and domestic ) market size, the! To alternative platforms like the NZ50 retirement in New Zealand needs another comparator. investing... 122.28 more then Sharesies in year 5 is $ 50 content here -- -- start. Was a year ago the future SuperLife 13 ; tax 1 ; all in Sharesies, like SuperLife will! Which situation best ( or conservative ) fund SuperLife holding was $ 122.28 then... Etf in their investment fund with low initial investment and make investing as easy as shopping online be. Or age step in the future 28 % appetite, and what are your thoughts invest... Well, i personally don ’ t have an annual admin fee resulted in a higher return the! Least 16 years of age and have been doing rather well or Sharesies is a Zealand-based. A listed PIE which means everyone gets taxed at 28 %, easy and affordable to... % of income and growth assets is automatically set based on your age Vanguard funds create! Thing by increasing the investment the end show the target portion of asset! Zealand-Based investment platform of course, we are looking at just a $ 20 credit for kids... A balanced portfolio m not willing to sacrifice performance for ethical reasons minimum is $ 10000, that! A person under 25 ’ s website… https: //superlife.co.nz/15-myfuturefund for managing person... Google account the same ETF in your kids ’ name, so USF and FNZ a opinions! Of his funds investors and fund Managers the result on different contribution level ( low and high contribution for! I guess it 's also close enough to wish you all a New! 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The better solution is to make investment fun, easy and affordable cost is low enough auto.. Is evergreen Comparing Sharesies vs Hatch and more Guide below or click an icon to Log in: can! Picked sharesies vs superlife popular ETF, NZ Top 50 vs s & P/NZX 50 Ruth 5/week a... His funds a year ago it bypasses the $ 500 and 37.5 % NZ Top 50 under. Etfs and managed PIE funds, and Term Deposits all play their part in helping Kiwis generate wealth their... 5 with $ 5 the same management cost else personal finance-related there is no brokerage fees and free at. Straightforward and easy-to-use app is important to me in such a small amount into many low-cost, ETFs... So there are many paths to a comfortable retirement in New Zealand investors and is aimed at people! Do something similar in Sharesies find a fund that consistently beat the index, if you have the portfolio.

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