Peer to Peer lending in NZ

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Forums › Finance and wealth management › Peer to Peer lending in NZ

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193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774875 3-May-2017 12:06

Yes.

I just found my ASB Share Trading is already setup so I can buy ETF's easily :)
I see the smart share ETF's are listed.

Might try the New Zealand Top 50 (FNZ)

Simplicity looks like a kiwisaver fund?
Can I invest "directly" into it? (not via kiwisaver)

Oh, I found it:
https://www.simplicityfunds.kiwi/

Quite new (March 2017)

Minimum 10K which is fine.

I like that you can withdraw anytime :)

cristiancr

12 posts

Geek
+1 received by user: 1

#1774882 3-May-2017 12:19

mattrix:

Yes.

I just found my ASB Share Trading is already setup so I can buy ETF's easily :)
I see the smart share ETF's are listed.

Might try the New Zealand Top 50 (FNZ)

Simplicity looks like a kiwisaver fund?
Can I invest "directly" into it? (not via kiwisaver)

Oh, I found it:
https://www.simplicityfunds.kiwi/

Quite new (March 2017)

Minimum 10K which is fine.

Yes you can buy/sell Smartshares through either ANZ/ASB Securities as they trade like individual shares. Smartshares use a market maker so there are no liquidity issues. Smartshares FNZ is definitely a great fund to start with. Also, once you invest in a Smartshares fund you can then do monthly contributions at no cost.

Regarding Simplicity, they started off with Kiwisaver funds but a couple of weeks ago they also launched Simplicity Investment Funds which like you said it allows you to get your money out at any time.

mattrix

193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774887 3-May-2017 12:22

I have just registered with their non kiwisaver fund.
Will try out 10k on balanced fund and see how we go (I wish I could spread the $$ over the 3x funds).
Maybe for each deposit I can do that... Will see.

cristiancr

12 posts

Geek
+1 received by user: 1

#1774892 3-May-2017 12:28

mattrix:

I have just registered with their non kiwisaver fund.
Will try out 10k on balanced fund and see how we go (I wish I could spread the $$ over the 3x funds).

You might be able to invest in all 3 funds. Have a look at their FAQs and also send them a message.

kotuku4

485 posts

Ultimate Geek
+1 received by user: 137

ID Verified

Lifetime subscriber

#1774924 3-May-2017 13:09

The only issue with the balanced fund is modest returns around 5.3%. I'm in Simplicity Kiwi Saver, and started on balanced but soon changed to growth fund.

mattrix

193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774928 3-May-2017 13:13

5.3% is still double the bank at least.

What sort of return is growth?

Oh, found it on their site. 6.67% for growth fund

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mattwnz

20515 posts

Uber Geek
+1 received by user: 4795

#1774933 3-May-2017 13:19

mattrix:
5.3 is still double the bank at least.

What sort of return is growth?

You can get 3.7 for 9 months if you shop around with banks, and more for longer terms. Not great historically. I see why people have been buying houses, and there is such a big property bubble at the moment, as the returns elsewhere aren't great

cristiancr

12 posts

Geek
+1 received by user: 1

#1774938 3-May-2017 13:26

I forgot to mention that you could also do weekly/monthly contributions to Simplicity Investment Funds. Something you can't do with bank term deposits!

mattrix

193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774946 3-May-2017 13:37

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc.
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.

cristiancr

12 posts

Geek
+1 received by user: 1

#1774951 3-May-2017 13:57

mattrix:

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc.
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.

You could set up an Automatic Payment yourself instead of having to give Direct Debit authority for your monthly contributions. But you will need to check with Smartshares if you can use Automatic Payments.

mattrix

193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774955 3-May-2017 14:04

So, the EFT's just work like shares?
Price (hopefully) increases and I don't need to do anything?
"Hands off" pretty much?

And Simplicity Investment Fund is pretty much the same?
The "price" of the fund hopefully increases.
And I can just "sell" at that price when I want to withdraw?

So, again "hands off" (i don't need to re-invest interest earned)

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mattwnz

20515 posts

Uber Geek
+1 received by user: 4795

#1774956 3-May-2017 14:08

mattrix:

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc.
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.

I agree. I refuse to give anyone direct debit access to my account. It seems many organisations want this to be the default option, but from my experience they are a hassle, especially if you want them stopped..

mattrix

193 posts

Master Geek
+1 received by user: 39
Inactive user

#1774961 3-May-2017 14:20

Such a pain to remove.
I'm pretty sure the person with the authority is the only one who can remove it.

Next time I think i'll just create a new account and use that when signing up to things that require it.
That way, I can simply close the account and create a new one to get rid of it.

Oh, and then you get it when they stuff up and take money early and put you in OverDraft with the large fee that comes with that.
That's fun as well.

cristiancr

12 posts

Geek
+1 received by user: 1

#1774990 3-May-2017 15:13

mattrix:

So, the EFT's just work like shares?
Price (hopefully) increases and I don't need to do anything?
"Hands off" pretty much?

And Simplicity Investment Fund is pretty much the same?
The "price" of the fund hopefully increases.
And I can just "sell" at that price when I want to withdraw?

So, again "hands off" (i don't need to re-invest interest earned)

Yes, Smartshares ETFs are traded just like shares, prices go up/down and it's a passive investment.

From what I read when you invest in Simplicity Funds you purchase units in that fund and the unit prices go up and down. I recommend that you read their Documents at https://simplicityfunds.kiwi/legal to fully understand how it works.

2tapry

27 posts

Geek
+1 received by user: 8

#1775064 3-May-2017 16:58

@mattrix

You probably know, but you can invest in shares via rabodirect.

@OffTopic

Drifting off topic so I'll just say:

Some of the comments on this thread about Harmoney are somewhat, er, hm, wrong!

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