Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


psychrn

1412 posts

Uber Geek

Trusted

#272528 29-Jun-2020 18:04
Send private message quote this post

I set up my account with Sharesies yesterday and invested (small time) in managed Funds.

 

Today has been fun watching what has been happening with it.

 

I hope to learn about the NZ stock exchange. Basic Share market operation.

 

Id been keen to catch up with other users and discuss strategies.





GZMCC. Nokia Lumia 1020,Lenovo Yoga C640. 8 gb Ram and 256Gb SSD, Cam Am Spyder F3 LTD.  GoPro 5 Black,  Huawei P30 Pro,Huawei GT Smartwatch


View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
mattwnz
16824 posts

Uber Geek


  #2514710 29-Jun-2020 18:43
Send private message quote this post

I have also setup an account a few months ago. But after fees,it is down.  Share prices do see really high, considering the current crisis and the unknowns coming up. Are you investing for dividends or capital growth?


hio77
'That VDSL Cat'
12607 posts

Uber Geek

Trusted
Subscriber

  #2514713 29-Jun-2020 18:52
Send private message quote this post

mattwnz:

 

I have also setup an account a few months ago. But after fees,it is down.  Share prices do see really high, considering the current crisis and the unknowns coming up. Are you investing for dividends or capital growth?

 

COVID did see everything take a dumping.

 

 

 

Mine have recently just come back up and looking good.

 

on the upside, Dividends still rolled in nicely :)





#include <std_disclaimer>

 

Any comments made are personal opinion and do not reflect directly on the position my current or past employers may have.

 


 
 
 
 


benokobi
837 posts

Ultimate Geek


  #2514732 29-Jun-2020 19:36
Send private message quote this post

https://www.facebook.com/groups/sharesiesshareclub/

 

 

 

This might be of interest.


mattwnz
16824 posts

Uber Geek


  #2514737 29-Jun-2020 19:47
Send private message quote this post

hio77:

 

 

 

on the upside, Dividends still rolled in nicely :)

 

 

 

 

My concern is whether dividends will continue to hold up, with the effects covid may have on some business. That may then decrease the share price of those stocks if dividends decrease. For example in NZ, I understand some banks have suspended dividends with covid, and banks share prices don't look too flash since covid .

 

Bank deposit and term deposit rates are also now so low, and there isn't any deposit insurance. So I think a lot of people are just looking to preserve their current position, and not lose money, and are looking for somewhere safe.


tomgeeknz
923 posts

Ultimate Geek


  #2514748 29-Jun-2020 20:57
Send private message quote this post

I've just joined about 6 weeks ago, had great luck in the first few weeks, ending up around 18% up, but thats all dropped off, and I think as of today my portfolio is almost zero gains (except the referral bonus, but that will get eaten in fees soon enough). 

 

A couple of my friends have recently started a podcast investing $1000 in Sharesies, check out 2 Guys 1 Grand on spotify/apple podcasts if you're interested, some good yarns/chat about their journey. 


BlinkyBill
1050 posts

Uber Geek


  #2514877 30-Jun-2020 08:17
Send private message quote this post

mattwnz:

 

hio77:

 

 

 

on the upside, Dividends still rolled in nicely :)

 

 

 

 

My concern is whether dividends will continue to hold up, with the effects covid may have on some business. That may then decrease the share price of those stocks if dividends decrease. For example in NZ, I understand some banks have suspended dividends with covid, and banks share prices don't look too flash since covid .

 

Bank deposit and term deposit rates are also now so low, and there isn't any deposit insurance. So I think a lot of people are just looking to preserve their current position, and not lose money, and are looking for somewhere safe.

 

 

Dividend performance is a result of performance over the past 12 or more months, and not related too much by COVID-19. Future dividend performance will be impacted more; and those businesses needing capital, such as Auckland Airport, won’t pay anything in terms of dividends next 18-24 months. Some businesses doing well may hold on to dividends to prevent the need to raise capital - who knows? But I wouldn’t invest on the basis of dividend performance unless you do some substantial research on each business you want to invest in.

 

instead, invest in shares for the long term for capital gain. Don’t take investment advice from me.





BlinkyBill


sidefx
3504 posts

Uber Geek

Trusted

  #2514883 30-Jun-2020 08:38
Send private message quote this post

I did the same a while ago - when sharesies first came out. I invested like $50 in 3 managed funds at the time, and all 3 are still slightly in the +% returns even with the major drop caused by Covid.  In the midst of covid I also bought some fairly high risk local shares which I think will eventually go back up and put a bit more into some random managed funds.   It's quite fun watching them all... but I'm the sort of person who can't help looking at them far too often :D 





"I was born not knowing and have had only a little time to change that here and there."         | Electric Kiwi | Sharesies
              - Richard Feynman


 
 
 
 


frankv
3932 posts

Uber Geek

Lifetime subscriber

  #2514894 30-Jun-2020 09:11
Send private message quote this post

BlinkyBill:

 

instead, invest in shares for the long term for capital gain. Don’t take investment advice from me.

 

 

I joined Sharesies about a year ago.

 

My strategy is to invest "aggressively" (this is play money, not money I've borrowed and not huge amounts) across several funds, so that any individual fund's performance isn't critical. I've also chosen a sector that I think long-term (5-20 years) will do better than the rest, and invested in several companies in that sector. That was working well until 24 Feb. All in all I'm about even now. If I'd sold everything on 24 February and bought them back (or bought F&P Healthcare) at the bottom of the dip, I'd have made a lot of money. But that horse has bolted.

 

My advice would be to think about world or NZ events and figure out what they mean for the companies or funds you've invested in, and adjust your investments accordingly. For example, sell any US funds or shares now... I did that already. And don't take advice from me.

 

 


boosacnoodle
237 posts

Master Geek


  #2514924 30-Jun-2020 10:07
Send private message quote this post

A word of caution to those joining Sharesies as I noticed OP mentioned they're looking at the Sharesies app "daily".

 

If you are trading (i.e. buying / sell daily or similar), as opposed to investing (for the long-term / hoping to receive dividends) then a different tax treatment applies.

 

Worth looking into if this is the case.


antonknee
483 posts

Ultimate Geek


  #2514947 30-Jun-2020 11:02
Send private message quote this post

I also use Sharesies, as my fun money/hobby/to selectively expose myself to specific shares. The bulk of my investing is done via Simplicity funds.

 

Love the Sharesies app and concept, can't wait for them to bring on ASX shares.





Ant  Reformed geek | Referral links: Electric Kiwi  Sharesies  Stake


sbiddle
29266 posts

Uber Geek

Moderator
Trusted
Biddle Corp
Lifetime subscriber

  #2514961 30-Jun-2020 11:36
Send private message quote this post

boosacnoodle:

 

A word of caution to those joining Sharesies as I noticed OP mentioned they're looking at the Sharesies app "daily".

 

If you are trading (i.e. buying / sell daily or similar), as opposed to investing (for the long-term / hoping to receive dividends) then a different tax treatment applies.

 

Worth looking into if this is the case.

 

 

Lots of people would ignore (or simply not understand because they're new to it) the tax implications of becoming day traders. With the number of people now becoming day traders I'm sure it's something IRD will have to ultimately look into.

 

This Sharesight page offers some general advice https://www.sharesight.com/blog/calculating-taxable-gains-on-share-trading-in-new-zealand/

 

 


mattwnz
16824 posts

Uber Geek


  #2515115 30-Jun-2020 14:23
Send private message quote this post

Personally I have only used it for buying some  ETFs like the NZX top 50 , and drip feeding money in weekly into that, and just accumulating them,  and plan to be in them long term. Haven't looked into individual shares.


psychrn

1412 posts

Uber Geek

Trusted

  #2515183 30-Jun-2020 17:14
Send private message quote this post

mattwnz:

 

Personally I have only used it for buying some  ETFs like the NZX top 50 , and drip feeding money in weekly into that, and just accumulating them,  and plan to be in them long term. Haven't looked into individual shares.

 

 

yup thats basically my goal and strategy too.





GZMCC. Nokia Lumia 1020,Lenovo Yoga C640. 8 gb Ram and 256Gb SSD, Cam Am Spyder F3 LTD.  GoPro 5 Black,  Huawei P30 Pro,Huawei GT Smartwatch


psychrn

1412 posts

Uber Geek

Trusted

  #2526836 21-Jul-2020 23:58
Send private message quote this post

Bought some shares last week in Blackwell Global Holdings at 00.38c. Today there were trading at 00.70c a share. Of course I wished i bought more then.

 

These are the only company shares i have bought into so far. Still ETF funds.

 

Been an interesting learning curve to date





GZMCC. Nokia Lumia 1020,Lenovo Yoga C640. 8 gb Ram and 256Gb SSD, Cam Am Spyder F3 LTD.  GoPro 5 Black,  Huawei P30 Pro,Huawei GT Smartwatch


floydbloke
2295 posts

Uber Geek


  #2526857 22-Jul-2020 08:04
Send private message quote this post

Decent review of sharesies here.

 

In short, easy and convenient but quite pricey.





= > ÷

 

 


 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic





News »

Nanoleaf enhances lighting line with launch of Triangles and Mini Triangles
Posted 17-Oct-2020 20:18


Synology unveils DS1621+ 
Posted 17-Oct-2020 20:12


Ingram Micro introduces FootfallCam to New Zealand channel
Posted 17-Oct-2020 20:06


Dropbox adopts Virtual First working policy
Posted 17-Oct-2020 19:47


OPPO announces Reno4 Series 5G line-up in NZ
Posted 16-Oct-2020 08:52


Microsoft Highway to a Hundred expands to Asia Pacific
Posted 14-Oct-2020 09:34


Spark turns on 5G in Auckland
Posted 14-Oct-2020 09:29


AMD Launches AMD Ryzen 5000 Series Desktop Processors
Posted 9-Oct-2020 10:13


Teletrac Navman launches integrated multi-camera solution for transport and logistics industry
Posted 8-Oct-2020 10:57


Farmside hits 10,000 RBI customers
Posted 7-Oct-2020 15:32


NordVPN starts deploying colocated servers
Posted 7-Oct-2020 09:00


Google introduces Nest Wifi routers in New Zealand
Posted 7-Oct-2020 05:00


Orcon to bundle Google Nest Wifi router with new accounts
Posted 7-Oct-2020 05:00


Epay and Centrapay partner to create digital gift cards
Posted 2-Oct-2020 17:34


Inseego launches 5G MiFi M2000 mobile hotspot
Posted 2-Oct-2020 14:53









Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.