→, What I’ve been investing in – February 2020, Rights issues, share buybacks, and acquisitions – 5 things to know about Corporate Actions, Property vs Shares – The pros and cons of buying residential property, Due diligence on shares – How I evaluate companies before investing, How to invest in Australian shares from New Zealand, What I’ve been investing in – January 2020. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! My $99,106 Stock Portfolio: Sharesies, ASB Securities, Hatch & Stake - Duration: 18:01. IP: 104.18.5.170. ASB's online banking is top notch. Different pricing structures mean the most affordable choice for you will depend on factors like how often you trade, the size of your trades, and your deposit and withdrawal amounts. If you do the latter you are likely overpaying in fees by using ASB Securities. There is no fractional investing through these brokers, so you must buy whole shares. Each of these providers offers access to a different range of financial products. IP: 104.18.5.170. Issuers of securities on the NZX enforce their own minimum holding requirements. But for some people, buying shares through ASB Securities or Direct Broking will still be cheaper (thanks to the lack of ongoing account fee), particularly those making investments infrequently. The content of this article is based on my personal opinion and should not be considered financial advice. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading.ASB Securities terms and conditions apply. Whether you’ve been in the investing game for a while or want to to buy shares for the first time, Sharesies makes things simple. Get Quashed, Auckland, New Zealand. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. A Lower Hutt couple gambled on the sharemarket to pull together a deposit for a $485,000 home. It is unclear how Sharesies will handle “corporate actions” on your shares. The information should never be used without first assessing your own personal and financial situation, and conducting your own research. Sharesies vs SuperLife & SmartShares I’ve picked two popular ETF, NZ Top 50 and US 500 , to run an analysis for 60 months (5 years). Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. You may have to register before you can post: click the register link above to proceed. So it's a good deal if buying lots of less than $1,000 at a time. Thanks that's the best answer of ever had on Reddit. Your guide to investing in shares, bonds, funds, and peer to peer lending in NZ, Share trading minimum holding requirements. Previously ASB Securities (owned by ASB Bank) and Direct Broking (owned by Jarden) were the cheapest brokers to buy and sell shares in individual companies listed on the New Zealand sharemarket (NZX). ASB Securities Limited is an NZX firm. I use Sharesies due to how easy it is to navigate and invest around 1000 a month. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. 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