Best Investing Platform? Sharesies vs Investnow | New Zealand

*UPDATE* Sharesies is dropping all subscription fees from 24th of April!

In this video I'll be looking at the two main DIY investing platforms in New Zealand, Sharesies and Investnow. I'll be comparing them in terms of:

1. Interface
2. Range of funds
3. Fees
4. Who it's best for

*$10 credit for Sharesies expired*

- Trade US stocks! Sign up to Hatch and deposit $100 to get free $10!
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*DISCLAIMER*
All personnel that appeared in this video are not financial advisors. This video is not financial advice. All strategies, recommendations and tips are purely based on personal opinions and should be for entertainment purposes only. Please do not invest purely based on information provided in this video. Seek out a qualified financial advisor and carry out your own due diligence before doing any form of investing.

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[trevenen]

Hey there. Love you videos and find myself often referring to them. I'd appreciate an update to this vid plus the addition of a Flint Wealt comparison. I believe they are newer on the market.

[TeeJayAwrekaOA]

Oh bro, this video was huge, could you do an update of this please?

[TheVermanian]

hi there good to know someone in nz is doing a yt about investing. thank u

[samanthalang]

You didn’t mention that you need a minimum investment each time of 50 or 250 in invest now where as in Sharesies you dont

[stevenakl]

Hi mate.
Do you think sharesies and investnow are safe platform?
I'm afraid it might go bust.
Cheers

[rodneybennett]

great advice. How accessible is your money on these platforms, if needed can you withdraw your funds and what would be cost and downfall for these.

[johnwhite]

Hello Henk, I am not seeing updates on my Investnow account. Do you know how often investnow updates your investment positions?

[sjk]

Can you please do the following videos:
- an update video on Sharesies vs. InvestNow as there have been many changes since this video was made
- How to create an effective fund portfolio using InvestNow as an example. I have looked into the 3 fund portfolio but what are your thoughts regarding this portfolio strategy?

Also could you answer this question:
- When it comes to buying ETFs and index funds only through Sharesies vs InvestNow. Would InvestNow be the better option if you are a passive long term buy and hold investor as opposed to Sharesies?
- The way i came to this conclusion is that InvestNow do not charge transaction fees and yearly platform membership fees. The only fee that you would pay is the fund management fee, buy sell spread fee and performance fees (not all funds will charge a performance fee though)? In comparison, although Sharesies does not charge the annual platform membership fee aswell, they do however charge transaction fees (0.5% up to $3000, 0.1% above $3000), management fees for the funds, exchange fees for AU and US funds (does InvestNow charge exchange fees for certain funds?), and the buy and sell spread fees

[dlendwp]

Hi Henk, can you please advise which platform is better Smartshares direct or Investnow? It’s to simply purchase ETFs on a regular basis. i’m currently with Smartshares but I dont like the fact that I can only invest once a month and it takes time for the units to be purchased meaning theres no flexbiliry for me to buy the dips

[brownpunk]

Hey thanks for this..can someone pls explain to me in plain simple terms.if i put say 100 dollars into my sharsies stocks etc..what happens say i need that money back(i assume back into my bank ac)..is this possible?
Thanks

[agile-jd]

What do you recommend if I want to trade vanguard index funds using NZD without having to convert to USD. Something that tracks the same companies as SP 500 for example?

[kelmanuel]

Learning a lot on your videos. Keep them coming. Tēnā koe!

[sharathvarghese]

Could you please make a video with the current market, which share to buy for long term and short term

[nzshareman]

I thought Sharesies were $1.50 a month ?

[SHANONisRegenerate]

Henk I wonder if you can help me here. I have found sharsies don't update their price frequently, which I find very confusing when it comes to buying or selling shares - as they lock in the sale at 1230pm.

[jshuu]

Hi Henk. Thank for this video just started watching your videos it's really helpful

[ryry]

You didn't include the transactions fees. That might make a bit of difference over the long run.

[cellics]

Holding things in long-term like 30+ years, wouldn't InvestNow going bankrupt (for some reason) be a risk?

[joshmackenzie]

Hi Henk great video. Was just wondering since you said Investnow has all the funds sharesies has. Would you be able to use the price graphs on sharsies for your investnow funds? Since they’re the same funds ? Thanks

[arthurmorgan]

Hi there, I am an individual investor. I was wanting to know why you chose sharsies over investnow for range of funds even tho invest now won the round? Thanks