What is Sharesies NZ?
Sharesies is a stock exchange platform which allows buying and selling shares and makes investments easier for you. The investors now have the option of investing as low as one cent in the market, and can buy small proportions of share or fractionalized shares. This platform is designed to facilitate the younger citizens of New Zealand, for them having access to making investments. Also, Sharesies offers individuals with various kinds of options to invest, including managed funds, exchange-traded funds and companies. Through Sharesies, you can now invest in more than 170 New Zealand Stock Exchange companies. Pathfinder Asset Management, AMP Capital and Smartshares are responsible for the provision of funds.
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.
What Do You Need to Open an Account on Sharesies?
A Sharesies account is not limited to a particular age range. Even children under 18 can have access to this account. You must have a valid home address which represents that you are a citizen of New Zealand. Even for those who are living abroad, proof of their tax information must be given. Other than this, you must have a bank account (of New Zealand). Also, the monthly and annual fee must be paid regularly, on time, to avoid any inconveniences and to keep your account fully functioning. You must be clear about your investments and the funds you are willing to opt for, considering all elements, including the risk factor.
Which Investment products Are Part Of It?
The investment products mainly include money deposited in a bank (cash), investments you have made in the form of government bonds, New Zealand Shares, Australian Shares, International Fixed Deposits and International Shares.
Options to Make Investments
If you been in the stock exchange market for a long time and have enough knowledge of how to invest and all the possible strategies, you can opt for the DIY order to make investments yourself. Other than this, you can also choose to make auto-investments.
The Fee Structure of Sharesies
You are required to choose among either the annual fee or monthly fee. For an annual fee, you are supposed to pay $30 every year, regardless of the value of your portfolio. For children (under 18), the annual fee is $15 almost. Considering the monthly fee, you are required to pay $1.50 every month if the size of your portfolio is amid $50-$3000. If the portfolio is above $3000, you are charged with $3.00 per month. Other than this, a brokerage fee is supposed to be paid, whenever you wish of buying or selling of the shares in companies. This depends on the total amount of order. For orders greater than $3000, the brokerage fee is supposed to be 0.1% of the total amount. For orders less than $3000, it is 0.5%. Moreover, if your portfolio balance is lesser than $50, you are not supposed to pay any fee.
Summary
Sharesies is an excellent stock trading platform which provides the investors with a large range of benefits and ease. 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. This system is scrutinised every year, so there are minimal chances of risks.
Get FREE $5 on Sharesies by clicking HERE.