If you have been wondering to find a suitable platform for buying shares or making investments, Sharesies allows you to do it simply and successfully. A Sharesies account not only benefits adults, but it considers the interests of younger individuals as well and offers them with several investment opportunities. Sharesies is a stock trading platform which now facilitates online trading of shares in individual companies as well for the investors. Buying and selling of shares on an online platform are the most convenient ways of trading which can be done using Sharesies. Also, it offers fractions of shares as well, and investments can be made as low as one cent. Sharesies deals with the New Zealand Shares, Australian Shares and a few other International Shares. Buying NZX or New Zealand Stock Exchange Shares and making investments in its funds is, however, not that difficult.
Create An Account
Once you have chosen Sharesies as your stock trading platform, all you need to do is to get your registrations done for an account. You are required to provide all the necessary information such as your name, home address, your proof of ID and the information regarding your bank account.
Select The Shares/Stocks:
Next, you are required to opt for the shares you are willing to buy. These shares must be according to how much you want to invest, or your target. You can then decide the total number of shares you would like to get. For these, you need to consider your budget and then plan for it likewise.
Place Your Order:
Sharesies is a platform which offers you a lot of opportunities when you place an order.
There are two types of orders:
- Market orders – Market order is buying a stock/fund/share at whatever the market is selling it at.
- Limit orders – Limit order is buying a stock/fund/share at whatever you set the price at.
Some things to consider when you are buying at market order the price my fall or increase drastically so you need to think about if you want to take that risk. At the same time, if you do limit order your order might not fill cause of the limit you set.
Generally, market orders are for traders and limit orders are for investors but to each their own. Double check the details before proceeding to the next step.
Finish the Payment
Your stock trading account must have ample amount to make you eligible for the transaction. Also, you need to keep in mind the brokerage fee, i.e. the transaction fee which you need to pay according to the order you have placed. According to their strategy, Sharesies charge 0.1% on the total buying order if the amount is greater than $3000. For orders which are less than $3000, the brokerage fee will be 0.5% on the total order. If the shares are planned to be sold late on, 0.5% of the transaction fee is supposed to be given. This brokerage fee does not apply to the buying of funds. The total time taken for this process, i.e. payments, is usually two days.
Check The Current Performance of Your Shares
The strategies which you have made so far will make you decide how often you are supposed to check the current performances of your shares. You may have a look at them every month, or even after every particular week, which depends if your strategy is long-term or not, as far as investment plans are related.
Summary
You don’t need to be a Wall Street trader or investor to buy shares and stocks in New Zealand. Buying NZX Shares in New Zealand using Sharesies gives you a set of opportunities and ways to make better investment plans. Not only adults, but kids can too be benefited from this stock trading platform.
Sign up to Sharesies and get FREE $5 in your account by clicking HERE.