Last time I check they are no longer accept new account. 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. Hi – what about simplicityfunds – how do they compare here? Hi there, what do you think of InvestNow’s new Nikko fund fees? The second option is to trade shares in … That leaves just Sharesies and Superlife as available fund providers. Sharesies is a New Zealand financial start-up company supported by Kiwibank Fintech Accelerator. So this fund is a low risk (or conservative) fund. If you have any questions please contact us at smartshares@smartshares.co.nz, or on 0800 80 87 80. I’ve already covered that in another post). 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. greater efficiency, PIE status, greater flexibility. Let’s check out the cost difference. SuperLife invests the money the day of the contribution. Also beats InvestNow. I’ve been doing research on investing in kid’s name. Just want to get a bit of a balanced fund together for the kids, ie, NZ, Aus and US. ( Log Out /  Find out more. Our Sharesies vs Hatch vs Stake Guide outlines the offering in detail, and how it compares to alternative platforms. 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. 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!!! Read our Comparing Sharesies vs Investnow vs Hatch and more guide. Smartshares ETFs vs SuperLife ETF funds As you will see, there is around a $60 difference between the returns you would have received over the past year if you bought units in Smartshares ETFs yourself, compared to if you did so through investing in corresponding SuperLife funds. Paper statements fee - you will only be charged this fee if you choose to receive statements and other SuperLife communications in paper form. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. The analysis will compare the result on different contribution level(low and high contribution) for all three services. This is the amount of low contribution and expected return. Offer Details: Sharesies actually let you invest as little $5. The sign-up process is simple and painless. The different between SmartShares and Sharesies at year 5 is $154.75, 3.3%. 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. Comparing these three, InvestNow offer the cheapest option. Just after reading this article, Do you think Superlife or Sharesies is better, and what are your thoughts on Invest Now? The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … With one simple purchase you get an investment in a range of securities, such as … 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. While Superlife also doesn’t require initial investment and the minimum contribution can be just $1. There are many paths to a comfortable retirement in New Zealand. PS. Since Sharesies are aiming for beginner investor, I put around $5/week as a low-level contribution. Choose the amount you'd like to invest. SmartShares USF came out on top with no annual fee and lower management cost. InvestNow vs Sharesies . Wat. The SuperLife KiwiSaver scheme allows you to invest in a range of Smartshares’ ETFs as part of your SuperLife KiwiSaver investment portfolio. There is no brokerage of lost interest while waiting to the end of the month for it to be invested. This is important to me in such a small market like the NZ50. Superlife holding was $122.28 more then Sharesies in year 5, 8.1%. However, Sharesies (beta) got a fantastic user interface and make investing as easy as shopping online. 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/. You must also look at the efficiency of the investment. Sharesies – Investment App. There are also no brokerage fees and free withdrawals at any time, and any amount. I believe that was an old offering. Dec 20. The kids will be paying some amount of tax as they have low income. The main reason is that Smartshares don’t have an annual admin fee while Superlife charges $1/month. But if you are interested in indexed funds for your KiwiSaver, InvestNow’s SmartShares funds are also used by SuperLife, a KiwiSaver provider. 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). On the other hand, SuperLife also offers the same ETF in their investment fund with a different management cost. Also, there is a $20 credit for the early Beta investor. Are their any other fund providers on InvestNow that you would recommend me investigating? If you buy into their Vanguard fund, you will be doing the tax return on the dividend received. Many thanks! I Just found this on Superlife’s website… https://superlife.co.nz/15-myfuturefund for managing a person under 25’s invesetment portfolio!! How does Sharesies stack up to SuperLife and SmartShares on ETF investing? Sharesies has an auto-invest feature that lets you set-and-forget investments into a Global, Responsible, or DIY order. Awesome! I didn’t do a high contribution comparison here because SmartShares are really not fir for portfolio building. I’ve got their invitation recently and checked out their offerings. I’m grateful for the hard work they do. 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. Still trying to make a good choice for the kids Many thanks! It also gives better control to the parent than alternatives until the child is 25. Of course, we will need to wait and see if the cost is low enough. Basically which platform do you use and why? You can buy SmartShares ETF in your kids’ name, so USF and FNZ a good opinions for them. I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. The low contribution will be at Sharesies minimum requirement, $30 initial investment (for the annual admin fee), $20/month … I am sure Sharesies will continue to improve on their functions and brign in more investment options. 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 Check out the screenshots below. For more details, take a look at our SuperLife review. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. OP: it can be fun to nerd out and micromanage your portfolio, but it’s rarely worthwhile to. Leading online share portfolio tracker & reporting tool for New Zealand investors. Low fees, 100% online, passively managed index funds. The analysis will compare the result on different contribution level(low and high contribution) for all three services. I am not a fan of actively managed fund as I think the extra fees are not justified in the returns. Sharesies vs SuperLife & SmartShares. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. I don’t mind about the $30 admin fee if that what’s it take for a newbie to start investing for their future. (Although I will suggest going with Superlife on NZ top 50. Sharesies is promoting to young Kiwis who never invested before by providing a straightforward and easy-to-use app. Simplicity fund is a managed portfolio fund, so is not apple to apple when compare to Sharesies. Cost: $30 annual fee. Diversification . 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. I am planning to do for my kid and will write a blog post about it in the future. Investment Options-- content here ---- Block start --Age Steps. SuperLife workplace savings scheme. 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. Posted by 1 year ago. Smartshares will not be included in this analysis as the investment amount is too low. No member fee for kids. 17. Sharesies is another popular option for New Zealand investors and is aimed at young people. I have a strong feeling this has been cleared up before but I can't find any substantial answers. Sharesies is rolling out their trial run (a.k.a beta) investments options couple weeks ago. The different to Superlife is $41.5, 0.9%. But which of these are working best for everyday New Zealanders? … "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’ll need to be at least 16 years of age and have an NZ bank account. Sharesies: Sharesies provides access to shares, managed funds and ETFs in NZ and on US markets, including all of the Smartshares ETFs listed above. They have low minimum investme… ", New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. Kiwisaver, PIE Funds, and term deposits all play their part in helping Kiwis generate wealth for their later years. Not feasible at all. Superlife comes out slightly ahead, thanks to a lower annual administration fee of $12, compared to $18 for Sharesies. Sharesies vs SuperLife & SmartShares. Although both services have the same management cost, Sharesies charge $30/year admin fee which brings down the balance. Jul 26. Sharesight tracks share prices, trades, dividends, performance & tax! Discussion about Sharesies vs InvestNow vs SuperLife vs something else? ASB and ANZ investment will accept investing in kids name. 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. Here is a balanced portfolio you can easily build with Sharesies. The main selling point of Sharesies is by paying a $30 annual fee, an … Meaning the fund is not too heavily reliant on the top 10 companies. › Verified 8 days ago I prefer passive. Superlife still edged out at year 5 with $123.15 more, 8.2%. How do ETFs and managed PIE funds compare in your view? Sharesies can only beat SuperLife at the user interface and ease-of-use. Investing. 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. I found the cheapest diversified fund aligned with my risk appetite, and my focus goes on shovelling money in to it. They will accept under 18 to be on their service. They’ve done an excellent job on explaining each investment options to beginner investment and make it accessible. If you have the $500 and $50/month to invest, SmartShares is the cheaper way. Change ), Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing, View @thesmartandlazy’s profile on Twitter. 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. All my money is in ETF or low-cost passive index fund. Pingback: Sharesies (Beta) – How does it stack up to SuperLife and SmartShares on ETF Investing – Kiwis pursuing Financial Independence and Retiring Early, Pingback: InvestNow Added SmartShares ETFs into their Offerings | The Smart and Lazy. 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. So Sharesies is actually a great tool to build a simple portfolio. Sharesies interface and user experience are way better than both of them. On the other hand, Simplicity non-KiwiSaver fund initial minimum investment is $10000, so that is not a fund for beginner investor. Ethical KiwiSaver and non-KiwiSaver funds. ETFs and individual companies directly on the NZX. Superlife 30 will aim to hold around 30% of growth asset and 70% of income asset in the portfolio. Sign up. CrashAndBurn. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Jo. 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. Cheers, I guess it's also close enough to wish you all a happy new year too. Investnow vs Superlife vs Sharesies vs Simplicity. However, their fees is not all that cheap. SuperLife 13; Tax 1; Term Deposits 13; Wills 1; All in Sharesies. Change ), You are commenting using your Facebook account. Smartshares has $2.1 billion under management, with $1.4 billion of this coming from its SuperLife funds. Very invormative website, thanks Alpha. ( Log Out /  You can check out the detailed comparison here. Now we will do the same thing by increasing the investment to Smartshares minimum requirement. So excited! 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. If you want a managed fund with low initial investment, go with SuperLife 30/60/80/100 or age step. I have a strong feeling this has been cleared up before but I can't find any substantial answers. However, Smartshares is a listed pie which means everyone gets taxed at 28%. SuperLife: You can also access all of these Smartshares ETFs via SuperLife. You can check out their current offers here. Don’t miss the point of investing. In this video I'll be doing a quick review of the 2 low cost Kiwisaver providers: Simplicity and Superlife in terms of: 1. Find out more in our Sharesies review. Press J to jump to the feed. This is the amount of high contribution and expected return. ( Log Out /  SmartShares came out on top despite the fact that they have a higher management cost. The last time I check was a year ago. Me? They made investing as easy as shopping online, which should bring a lot of people into the world of investing. I don’t think New Zealand needs another comparator.) Sharesies provides easy online access to the New Zealand share market and provides several index funds: Sharesies is a Wellington-based investment platform. 502 posts Ultimate Geek # 240786 26-Sep-2018 09:13. Contacting Us. I don’t like Simplcity because they have a fund manager that likes to actively manage parts of his funds. Yes, they’re all under 7. I’ve been telling readers to spend $12/year on Superlife as they have a better user interface and functions over SmartShares. Both Superlife and Sharesies won’t accept under 18 to be on their service. So Sharesies is a great way for beginner investor to invest in a small amount into many low-cost, diversified ETFs. 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. 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. However, I still think Sharesies is doing something good here. Superlife bond fund charge 0.44% seems to be a better options. We increased the contribution to $50/month, put $500 as an initial investment and include SmartShares into the mix. 25% NZ Bond, 37.5% US 500 and 37.5% NZ Top 50. 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 leaves just Sharesies and Superlife as available fund providers. Anyway, that’s my personal preference. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Sharesies, InvestNow and Superlife are all options to buy NZ index funds at a retail level - this includes the range of funds by Smartshares. They exclude unethical companies and i’m not willing to sacrifice performance for ethical reasons. 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 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. It's quick to sign up. Hi there, we are looking to invest around 10,000 for our three kids in each of their names. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). This will be my … A place to discuss personal finance for New Zealanders.