Sharesies-set up and Daily useage

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Forums › Finance and wealth management › Sharesies-set up and Daily useage

psychrn

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#272528 29-Jun-2020 18:04

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.

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#2514710 29-Jun-2020 18:43

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

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#2514713 29-Jun-2020 18:52

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 :)

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benokobi

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#2514732 29-Jun-2020 19:36

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

This might be of interest.

mattwnz

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#2514737 29-Jun-2020 19:47

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

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#2514748 29-Jun-2020 20:57

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

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#2514877 30-Jun-2020 08:17

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.

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sidefx

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#2514883 30-Jun-2020 08:38

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

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frankv

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#2514894 30-Jun-2020 09:11

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

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#2514924 30-Jun-2020 10:07

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

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#2514947 30-Jun-2020 11:02

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.

sbiddle

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#2514961 30-Jun-2020 11:36

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/

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mattwnz

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#2515115 30-Jun-2020 14:23

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

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#2515183 30-Jun-2020 17:14

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.

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psychrn

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#2526836 21-Jul-2020 23:58

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

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floydbloke

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#2526857 22-Jul-2020 08:04

Decent review of sharesies here.

In short, easy and convenient but quite pricey.

Sometimes I use big words I don't always fully understand in an effort to make myself sound more photosynthesis.

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