When thinking about investing, Exchange Traded Funds are an option everyone would opt for, that is why they are very popular and give an instant diversification to your portfolio. Hatch and Sharesies both share a similar reputation when it comes to investing. Both the platforms are designed in such a way that they provide easy, simple and convenient access to great investment opportunities.
What is Sharesies?
Sharesies provides its users with three investments to buy from. Sharesies allows the users to buy Exchange Traded Funds which are listed in the New Zealand market.
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. For a more full depth review on Sharesies you can find it HERE.
What is Hatch?
The services provided by hatch are more or less the same as Sharesies but one major difference is that it allows its users to buy Exchange Traded Funds which are listed in the market of the United States.
If you are new to Hatch or thinking about getting it you can do so by clicking HERE. Doing so will mean you will get FREE $20 when you deposit more than $100. For a more in-depth review on Hatch you can find it HERE.
Following are the points on which we can compare both the platforms:
Investment
Sharesies does not restrict its users by giving a minimum investment amount. Anyone can invest with whatever amount they have; it can be as little as one cent.
Hatch on the other hand applies the same rule, anyone can invest with as little amount as they want, but a thing here to keep in mind is that hatch charges $3 as the brokerage fee.
Fee Structure
Sharesies charges absolutely zero dollars if your account has investments of less than 50 bucks. However, once they exceed $50 and are less than $3000 it starts charging, starting from $1.50 per month. The fund management fee of Sharesies is from 0.30% to 0.80%.
Coming to Hatch, in order to invest there, one must convert the amount. This means, you will first have to deposit in New Zealand currency; New Zealand dollars and then convert it into US dollars. A fee of 50 bps is also applied in the total amount. Moreover, Hatch also applies fee every time you buy or sell a share. Like for instance, if you bought or sold a fraction of share, you will be charged $3. The fund management amount charged by Hatch is comparatively very cheap compared to other providers on the market. Apart from that, there is no account fee charged by Hatch.
More Feasible?
Both the platforms are designed in a way that both promote feasibility and convenience for the users. However, Hatch requires a proper understanding of the platform and more efforts. This is because in Hatch, one is required to convert the currency in United States Dollars and track everything in that currency too.
Whereas, Sharesies is a lot easier to use. Major reason is that users are dealing with the New Zealand market itself. So, they do not have the need to convert it into any other currency. So, all you have to do is, sign up, deposit the amount, a few clicks here and there, and voila! You are done.
The winner is..
All in all, Hatch is more convenient for those who are experienced in investing, buying and selling or stocks. Sharesies however is perfect for starters, who have just started investing and cannot afford buying huge shares.
Again, if you would like to check out Hatch and Sharesies you can do so my clicking HERE and HERE.