How do the purchasing and selling of the shares actually happen on behalf of sharesies clients? Is there a broker that’s doing it on behalf of sharesies or sharesies themselves?
Good question! Smartshares are operated by NZX (New Zealand Stock Exchange), and has its pros and cons. I invested in SPY, which is an American ETF tracking the S&P500. Another option is VOO, which also reflects the S&P500. Smartshares purchase units in the VOO fund, and then repackage it for New Zealand investors. Think of it as if they bought a chocolate at the supermarket and then sold it at a dairy, at a premium. VOO charges 0.03% p.a. while Smartshares charge 0.5% p.a. in annual management fees. This difference can be a disadvantage of Smartshares, but you also avoid having to pay sharesies 0.5% to exchange money from NZD to USD as Smartshares is instead denominated in NZD. If a New Zealand investor has over NZ$50k invested in overseas stocks/ETFs, they may be liable for a tax called FIF. Investing in Smartshares can avoid this as technically you're investing in an NZ ETF. Hope that helps!
@@BrentColeman I cut and paste initially (which didnt work) so typed it in. Still didnt work. I had actually navigated to the nest page, but havent verified my email yet so the link just takes me to the ID page. I assume I can start creating the account again after 8 hours and try the promo code again?
That's really weird! I'm not sure why it's not working, usually it's just a matter of clicking the link or inputting the code. Hopefully giving it another go will help resolve the issue
Different brokers have access to different stock market events. Hatch was the first (a few years back) to offer IPOs for the first time, and Sharesies has only recently opened up DRPs and automatic reinvestment of dividends. I'm sure at some point down the line the option will be available!
@@BrentColeman sounds like that might make it interesting video. I think an in-depth walkthrough on short selling during a volatile market would make for great content. How to spot opportunities, when to buy, when to sell, or when bigger players are buying en mass and how to capitalize on that. I made $400 on Serve Robotics last night, but that might only be thanks to Nvidia mass buying shares. A buying and holding strategy, even with strong companies at the moment feels a little bit dangerous. 4k of mine got wiped out over two weeks just from buying and holding, and that's from strong companies. I'm not happy about it, but I'm still in the green so no real complaints. I think another content idea you might be interested in is on how to siphon off earnings from stronger investments and how to reinvest into strong dividend stocks. Any ideas that might seem a little outside of the norm from the usual investing methods might help greatly for others as well.
Have you started using Sharesies? What are your thoughts on the platform? Let me know here, and if you have any questions! 💰
Love it
Just signed up 🎉
How do the purchasing and selling of the shares actually happen on behalf of sharesies clients? Is there a broker that’s doing it on behalf of sharesies or sharesies themselves?
In New Zealand, it's Sharesies Nominee Limited
In Australia, it's Sharesies Australia Nominee Pty Limited
In the United States, it's Drive Wealth LLC
I see your snp 500 is in the usd currency. what's the difference between this and the nz etf 500 smartshare
Good question! Smartshares are operated by NZX (New Zealand Stock Exchange), and has its pros and cons. I invested in SPY, which is an American ETF tracking the S&P500. Another option is VOO, which also reflects the S&P500. Smartshares purchase units in the VOO fund, and then repackage it for New Zealand investors. Think of it as if they bought a chocolate at the supermarket and then sold it at a dairy, at a premium. VOO charges 0.03% p.a. while Smartshares charge 0.5% p.a. in annual management fees. This difference can be a disadvantage of Smartshares, but you also avoid having to pay sharesies 0.5% to exchange money from NZD to USD as Smartshares is instead denominated in NZD. If a New Zealand investor has over NZ$50k invested in overseas stocks/ETFs, they may be liable for a tax called FIF. Investing in Smartshares can avoid this as technically you're investing in an NZ ETF. Hope that helps!
HI. Is the promo code still valid? I tried setting up just now and using it, but it came back as "promo code does not exist".
Heya! That’s weird the C744KD code should have worked. Give this link a try sharesies.com/r/C744KD
@@BrentColeman I cut and paste initially (which didnt work) so typed it in. Still didnt work. I had actually navigated to the nest page, but havent verified my email yet so the link just takes me to the ID page. I assume I can start creating the account again after 8 hours and try the promo code again?
That's really weird! I'm not sure why it's not working, usually it's just a matter of clicking the link or inputting the code. Hopefully giving it another go will help resolve the issue
I own (according to Sharesies) Australian companies. Yet, I can't participate in any capital raisings. How is this legal?
Different brokers have access to different stock market events. Hatch was the first (a few years back) to offer IPOs for the first time, and Sharesies has only recently opened up DRPs and automatic reinvestment of dividends.
I'm sure at some point down the line the option will be available!
your refern code is expired can you give me another one asap
Hey! This one should work: sharesies.com/r/C744KD
You've been heavily short selling.
I've just been using the account to catch falling knives - haven't been short selling as the fees would have killed me on such a small balance.
@@BrentColeman sounds like that might make it interesting video. I think an in-depth walkthrough on short selling during a volatile market would make for great content. How to spot opportunities, when to buy, when to sell, or when bigger players are buying en mass and how to capitalize on that. I made $400 on Serve Robotics last night, but that might only be thanks to Nvidia mass buying shares. A buying and holding strategy, even with strong companies at the moment feels a little bit dangerous. 4k of mine got wiped out over two weeks just from buying and holding, and that's from strong companies. I'm not happy about it, but I'm still in the green so no real complaints.
I think another content idea you might be interested in is on how to siphon off earnings from stronger investments and how to reinvest into strong dividend stocks.
Any ideas that might seem a little outside of the norm from the usual investing methods might help greatly for others as well.