Sharesies has made investing easy and accessible for all. Usually when we think about investing, we drop it because all the complicated things we have to go through in order to invest. 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. Even for those who do not really know how to invest, Sharesies keeps everything super transparent, so the investors can educate themselves while investing.
If you are new to Sharesies you can open an account by clicking HERE. Doing so will mean that you will receive FREE $5 in your account and so we will for referring you.
How to use Sharesies?
For starters, let us cover the basics. You must be wondering how to start using it? Well, in this article we will tell you step by step how to use Sharesies.
Step one: Who can sign up?
In order to open an account in Sharesies and invest, one must be older than 16. Secondly, one must be a permanent resident of New Zealand , so he or she should be able to authenticate his or her New Zealand residential address. Furthermore, the account details and deposit money should come from the New Zealand bank too. All you have to do is agree to the privacy terms and conditions and fill out the identity and address section. In case if you are a foreigner living in New Zealand or not a citizen of of NZ, you have to provide some more information in order to start investing.
Step Two: Signing up
All you must do is go to Sharesies website and sign up. Fill your personal details and accept the terms and conditions. Once you have done that, go to settings and again fill out your personal details in the section.
If the subscription is under 50 bucks, then the subscription is free. Once the investments in your portfolio are more than 50 bucks but still under $3000, then you must pay $50 every month as a subscription fee of Sharesies. If for instance, your total investments are more than $3000 , then you only have to pay $3 per month.
Step Three: How to Pay
You can pay the subscription fee either through your wallet or through the listed card. You will have to mention your bank details or credit card in the settings.
Step Four: Tax
IRD number is very important for Sharesies, as through this number Sharesies will pay all your taxes.
On Sharesies one can buy three types of investments:
- Companies
- ETFs
- MANAGED FUNDS
Some other things to note:
No Range or limit – Sharesies does not have a minimum amount to invest in, so you can choose any amount you want and afford and invest. It is not compulsory for the investors to buy whole shares as well.
Next Steps
All you have to do is use your wallet, you can either use your credit card or bank transfers. Secondly, choose any of the three investments you want to buy. Last but not the least, create order! They even provide with an Auto-invest option to make investing easier and simpler! Look and try investing now!
Get $5 Free when you open you Sharesies account by clicking HERE.