While it can have its ups and downs in the short term, over time, investment markets do tend to grow in value. Amazon is one of the most valuable companies in the world, and it doesn’t pay dividends! Factoring in the account fee, you are paying $18 to make $3.50 when using Sharesies! They’re generally paid based on how many shares you owned or purchased the day before a particular date (that’s the ‘ex-dividend date’). Sharesies members now have access to an additional 3,000+ companies and exchange-traded funds (ETFs) across the New York Stock Exchange (NYSE), Nasdaq, and Chicago Board Options Exchange (CBOE). There is a cost to this though. We subtract this fee from the original amount, and then exchange the rest. We’ve had a lot of questions asking exactly how you do this, so we thought we’d get into the details. Sharesies charges a subscription fee of $30 a year for portfolios of over $3000 , and a transaction fee of 0.5 per cent … Sharesies has a stock of a broad option of Gifts at a competitive price. The other is if the value of your investment drops to $0, and you don’t get a chance to sell it at all (this is pretty rare but does happen!). Yes, you can use “market trades” on Sharesies to do day trading where you make trades usually within a few seconds-minutes As long as the market is open. Get FREE $5 on Sharesies by clicking HERE. This bank account is where the money will be deposited into. Sharesies started in 2016 with a goal of making investing as accessible for people with $50 to spare as it is for those with thousands. Any information we provide is general only and current at the time written. Written by Renae Williams On a $50 account – that’s a $3.50 return. Their mission is to make investing something we talk about and celebrate, not something we don’t think about until we’re old and grey and have missed the best (compound-interest earning) years of our life. Investing involves risk. There are two ways you can make money from investing: Capital gain: selling your investments for more than you paid for them, Dividends: getting income from your shares. Pathfinder Global Water Fund becomes vegan-friendly! You might need to sell your shares first to get the money into your Sharesies “wallet”. Stake. There’s also two ways you can lose money, and they’re pretty similar. How do the charges compare? You aren’t guaranteed to make money, and you might lose the money you start with. It provides access to a total of more than 2,300 US companies, and allows you to trade on the NZX as well. A really important point to remember about dividends is that they aren’t mandatory. Diversification can also help reduce risk over time! Sometimes, when a company makes a profit, it will choose to give some of that profit back to its owners—that’s you. Transaction fees are simple: 0.5% for orders up to … The last thing about capital gains is that they’re a one-off. Written by Sonya Williams Updated over a week ago Investing the Sharesies way. These are paid in cash (as in, you don’t have to sell anything), and they usually happen a couple of times a year. That may not seem like much, but remember that it’s 8% in cash, every year, without you having to sell anything. Another way of thinking about this is to remind yourself that the number of shares you own doesn’t change until you buy or sell. This means that the value of your shares can change day to day, but your realised capital gain is fixed at the moment you sell your shares. That means sticking to your investing strategy through the good times and the bad. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … One of their mission is to make investment fun, easy and affordable. It’s no longer a difficult thing to get your favorites by spending less money. This is really important because shares go up and down in value all the time. To withdraw money from your Sharesies Wallet. Anyone can have an investment portfolio. You aren’t guaranteed to make money, and you might lose the money you start with. If you’d like to set up an auto-invest order, we have a Help Centre article that explains how to do this. Topping up your Sharesies Wallet usually takes about as long as a bank transfer between banks. You really can have it all! That’s when Sharesies amped up its media initiatives, assuring investors that wealth is built over the long-term, through its Lunch Money newsletter, podcast, and various social pages. It is not able to do anything with the money unless you give the instruction to do so. Any information we provide is general only and current at the time written. That’s how you change a “paper gain” into a capital gain—or, cash. Written by Sonya Williams Updated over a week ago Is there a Sharesies app? Second, you need to sell those shares. It’s important to have a diversified Portfolio so you’re able to weather the highs and lows of the market. If you had one share in a fund that gets a dollar per share from the companies it invested in, then you get a dollar. For many of you who are worried about making investments and buying shares through Sharesies, it keeps your money safe by using the custodial system. So now that you have a good understanding of the two ways to make money with shares, which approach is best? It's only been going since June, so how did startup Sharesies capture thousands of customers and millions of their hard-earned money? With Sharesies, you’ve got the ability to build your Portfolio one payday at a time, and invest in funds and companies at a risk level you’re comfortable with. It is easy to add money to your Sharesies wallet. They allow you to invest in large range of funds in once place, and manage your investments through their online portals at anytime of the day or night. If the price of your shares change, but you don’t sell them, you haven’t really made or lost anything. While it can have its ups and downs in the short term. When you exchange money in Sharesies, you’re charged a 0.4% exchange fee —we show this exchange fee upfront rather than hide it in the exchange rate. If you had a thousand shares, then you’d get a thousand dollars. That’s the great news—you don’t have to choose one or the other (although you can if you want). Let's say that you have $1,000 set aside, and you're ready to enter the world of investing.Or maybe you only have $10 extra a week, and you'd like to get into investing. We've partnered with Drivewealth to provide access to US markets. An opportunity for Sharesies investors to ask questions about money, investing, and Sharesies as a business We'll also have a couple special guests from our team join the session! This is a good reason to try and invest for the long term. Sharesies makes it easy to … Sharesies vs InvestNow vs Smartshares: Available markets. With Sharesies, you’ve got the ability to build your Portfolio one payday at a time, and invest in funds and companies at a risk level you’re comfortable with. Now let’s take a look at the other side: losing money. But the great thing about investing is that over time, your money will work harder for you. Stake allows you to trade over 3,700 US stocks and ETFs. Reminding yourself of this is a good way to help you stick to your strategy and stay cool in the long term if the market’s going up and down. This gives you heaps of opportunity to diversify your Portfolio, and choose an investment that’s right for you. Once you sell, you’re turning that “paper loss” into a real loss. Diversifying like this gives you some ongoing income to reinvest, or spend, while also giving you access to longer-term capital gains. Fund providers might pay us (also known as a rebate) to have their funds on Sharesies This sounds like a long game—and it is. They are an investment platform where users can make investments with small amounts of money. One is that you sell your investment for less than you paid for it. Choose an investment. We don’t provide personalised advice or recommendations. There’s also two ways you can lose money, and they’re pretty similar. Sharesies interface is bright, colourful and 'gamified' to make investing not only easy, but fun. That means that Spark paid around 8% in dividends in the last year. when you use Sharesies to deposit/withdraw money, or buy/sell shares). To get a capital gain, two things need to happen. When you’re investing, even for the long term, you have one main goal: to make money. First, your shares need to be worth more than you paid for them. The article here. Is going to be about why Sharesies NZ I the best as compared to any other platforms that offer investing money into companies. How do I make money from investing in shares? When topping up via a bank deposit, It can be a few hours in the weekdays, or a few days over the weekends. For the first few years, the discipline of regularly investing will outweigh any returns you receive. Go to the main menu and select Wallet > Withdraw; Enter how much you’d like to withdraw and the bank account number you’d like the money to be deposited into, or choose a bank account number from the options available. Hatch is another Wellington based service owned by KiwiWealth, and they’ve recently reached over 10,000 investors. Each of these providers offers access to a different range of financial products. Sharesies has a limited number of funds by comparison, but does let you trade shares. Use it before it's gone. The most common way you can lose money is if you sell your shares for less than you paid for them. And so on, and so forth. That’s where dividends come in. How to use Sharesies? Simply put, Sharesies is not ideal for those starting out with small amounts of money. Finally, Sharesies also allows you to invest in a small number of managed funds. We can’t do anything to your money or investments unless you tell us to (e.g. But if you want to have it both ways, there’s nothing stopping you from investing some of your money in investments that pay more dividends, and some in investments that tend towards capital gains. With Sharesies, you can invest in a wide range of companies and exchange-traded funds on the New Zealand Stock Exchange (NZX) and three US exchanges (NYSE, NASDAQ, and CBOE), as well as NZ managed funds. In Sharesies, you can see how much a company or fund has paid in dividends over the past year by looking at the “how you can make money” bit. Let’s assume you make 7% in investment returns in one year. Sharesies earns interest on money sitting in your sharesie account that you havnt invested into anything (Including dividends etc paid back to your investment), and they also receive kick backs from fund managers. But you might want to make some income along the way. Sharesies isn’t a 'get-rich-quick' scheme — we encourage investing an amount you can afford, regularly, over a long period of time. Sharesies is expensive for beginners $$$ at sharesies.nz is in the control of you. Sharesies Limited is an accredited participant on the NZX. © 2020 Sharesies Limited. Sharesies makes it easy to start investing—no jargon, no minimum buy-in, and all online. How to make Sharesies show like an app on your Home Screen. Both InvestNow and Sharesies are fund platforms. So if you buy shares for $10, and they drop in value to $8, you may feel like you’ve lost $2—but you’ve actually lost nothing, unless you sell. Diversification can also help reduce risk over time. Things may be different next year, as every company will make different amounts of money, and make different decisions about whether to pay dividends and how high those dividends should be. If you buy your shares for $3, then sell them for $5, you’ve made $2—but that’s all you’re going to make because someone else has your shares now. Step 2. Market data provided by Refinitiv, Drivewealth, and IEX Cloud. This platform aims to keep things easy and simple for the investors so that when they start investing, they already know what they are getting themselves into. Sharesies comes into play as an investing platform where you yourself can invest as little as 1 cent in NZX-listed companies, NZX-listed exchange-traded funds, or managed funds—and they’re also making US shares available on the platform in the very near future. This system is scrutinised every year, so there are minimal chances of risks. Dividends: getting income from your shares. Auto-invest allows you to set up a regular investment into whichever NZ funds you choose, helping to make investing a habit! On the other hand, you need to remember that dividend yield is based on information from the past. Step 1. Sharesies is a New Zealand financial start-up company supported by Kiwibank Fintech Accelerator. This is a legal requirement and the system is audited every year. Sharesies does however provide a very good platform, that is arguably easier to use than its competitors platforms. The Fund Manager then tells the Custodian what to do with the money, for example, which shares and bonds to buy or sell in order to make up the assets of the fund. Some of the ETF issuers are (click each o… Step 3. Create an order. Bonus Bonds by far took the most effort. Generally speaking, the longer you can hold out, the higher the chance is that you’ll make more money when you eventually sell! For example, if you want to exchange $1,000 NZD to USD, you’re charged a $4 NZD exchange fee (0.4% of $1,000 = $4). Sharesies has made investing easy and accessible for all. Can you day trade on Sharesies? It depends on your bank as to how long it takes for money to appear in your Sharesies Wallet. For example, if you buy some shares for $5, then sell them later on for $7, you’ve made a capital gain of $2. How does Sharesies make money? 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