Jo, the better solution is to invest in SuperLife. 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. 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. But if you are interested in indexed funds for your KiwiSaver, InvestNow’s SmartShares funds are also used by SuperLife, a KiwiSaver provider. This is an investment platform, where users can make investments with small amounts of money. Look out for their product called myFutureFund. Archived. Press J to jump to the feed. 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. You can check out their current offers here. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. This is important to me in such a small market like the NZ50. Sharesies is promoting to young Kiwis who never invested before by providing a straightforward and easy-to-use app. You can check out their current offers here. “Free Fees” does not extend to fund management and performance fees. Find out more. Very invormative website, thanks Alpha. SuperLife invests the money the day of the contribution. At this level of investing we are looking at just a $240 difference over 30 years. Find out more. greater efficiency, PIE status, greater flexibility. Leading online share portfolio tracker & reporting tool for New Zealand investors. Smartshares has $2.1 billion under management, with $1.4 billion of this coming from its SuperLife funds. However, Smartshares is a listed pie which means everyone gets taxed at 28%. Simplicity offer packages of funds which include numerous index funds (global and domestic). 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. 17. SuperLife makes the pension transfer process as simple as possible, so you can focus on your investment objectives. I invested money in Milford Unit Trust PIE Funds (mainly growth) and have been doing rather well! One of their mission is to make investment fun, easy and affordable. What's the benefits to each platform and which platform suits which situation best? Paper statements fee - you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form. Of course, we will need to wait and see if the cost is low enough. 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. That’s awesome, thank you. Well, I personally don’t think there is any other fund in InvestNow worth putting my money in….for now. Sharesies is a New Zealand financial start-up company, supported by Kiwibank Fintech Accelerator. Awesome! Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Sharesies vs SuperLife & SmartShares. For more details, take a look at our SuperLife review. Superlife bond fund charge 0.44% seems to be a better options. I would say the Sharesies beta cannot build a portfolio at Simplicity level. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). That leaves just Sharesies and Superlife as available fund providers. 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. Sharesies vs SuperLife & SmartShares. 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. The main reason is that Smartshares don’t have an annual admin fee while Superlife charges $1/month. Or perhaps, should I consider investing through our family trust all in one lump sum and therefore maybe look at Simplicity as well ($15,000) I have about $5k for each child ready to invest, so I really appreciate this article you wrote!!! Wat. The number at the end show the target portion of growth asset in that fund. Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. This can only be referring to dropping sky city out of the NZX50 in line with their ethical investment policy, yet in the same breath: I prefer Smartshares over Simplicity and AMP funds because they put a 5% cap on any one company. Find out more in our Sharesies review. This will be my … InvestNow vs Sharesies . They are not the cheapest in term of cost (they charge $30 annual admin fee) or the lowest investment requirement (Superlife can let you invest by $1). There are also no brokerage fees and free withdrawals at any time, and any amount. Investment Options-- content here ---- Block start --Age Steps. Basically which platform do you use and why? Hi – what about simplicityfunds – how do they compare here? SuperLife workplace savings scheme. In this video I'll be doing a quick review of the 2 low cost Kiwisaver providers: Simplicity and Superlife in terms of: 1. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). Sharesies is a New Zealand financial start-up company supported by Kiwibank Fintech Accelerator. You can check out the detailed comparison here. They are out there, but hard to find. 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. … The fee is $18 a year. No member fee for kids. 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. I’ve been telling readers to spend $12/year on Superlife as they have a better user interface and functions over SmartShares. 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. 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. How do ETFs and managed PIE funds compare in your view? The 5-years different is $135.81, 8.4%. Yes, they’re all under 7. 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). However, I still think Sharesies is doing something good here. Still trying to make a good choice for the kids Many thanks! In both scenario, Investor with low contribution level and better with SuperLife. SmartShares USF came out on top with no annual fee and lower management cost. ETFs and individual companies directly on the NZX. Sharesies – Investment App. They made investing as easy as shopping online, which should bring a lot of people into the world of investing. The difference between SmartShares and Sharesies is $163.34, 3.3%. On the other hand, Simplicity non-KiwiSaver fund initial minimum investment is $10000, so that is not a fund for beginner investor. Contacting Us. SuperLife: You can also access all of these Smartshares ETFs via SuperLife. Hi there, we are looking to invest around 10,000 for our three kids in each of their names. The interface is robust and delightful. Our Sharesies vs Hatch vs Stake Guide outlines the offering in detail, and how it compares to alternative platforms. 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. Sharesies: Sharesies provides access to shares, managed funds and ETFs in NZ and on US markets, including all of the Smartshares ETFs listed above. The SuperLife KiwiSaver scheme allows you to invest in a range of Smartshares’ ETFs as part of your SuperLife KiwiSaver investment portfolio. Let’s take a look at the options from each issuer, and the differences between all of them: The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … The analysis will compare the result on different contribution level(low and high contribution) for all three services. Sign up. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. If I’m being more charitable to myself, I try to write content on this blog that is evergreen. They have low minimum investme… It has lower fees than Sharesies and the others mentions in Alpha’s response. The sign-up process is simple and painless. Also, there is a $20 credit for the early Beta investor. Simplicity fund is a managed portfolio fund, so is not apple to apple when compare to Sharesies. 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 still edged out at year 5 with $123.15 more, 8.2%. Diversification . They’ve done an excellent job on explaining each investment options to beginner investment and make it accessible. SmartShares came out on top despite the fact that they have a higher management cost. Not-for-profit, means you profit. 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. So excited! Low fees, 100% online, passively managed index funds. The main selling point of Sharesies is by paying a $30 annual fee, an … I’ve been doing research on investing in kid’s name. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Now we will do the same thing by increasing the investment to Smartshares minimum requirement. There are many paths to a comfortable retirement in New Zealand. They offer a range of funds and companies to invest in. Email thesmartandlazy@gmail.com or follow me on Twitter @thesmartandlazy if you have any questions. Buy shares on the ASX. The second option is to trade shares in … Check out the screenshots below. The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … More about Pension Transfer. You can check out the detailed comparison here. Dec 20. Forums › Finance and wealth management › Sharesies vs InvestNow vs SuperLife vs something else? Since Sharesies are aiming for beginner investor, I put around $5/week as a low-level contribution. That would be ideal to mix with those Vanguard funds to create a balanced portfolio. The kids will be paying some amount of tax as they have low income. 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