Sharesies investment advice wanted

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Forums › Finance and wealth management › Sharesies investment advice wanted

networkn

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#282602 28-Feb-2021 16:51

Hi.

I decided I'd put a couple of grand into Sharesies, and I did and then pretty much couldn't decide what to do, got busy and 5 months later..

I don't really have a lot of time to spend researching individual companies, and likelihood of them performing well.

Anyone have any advice where I should put the money I have in Sharesies? What shares/companies etc? Not a huge amount of money I know, but someone will have more idea than me for sure.

Cheers

freitasm

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#2665810 28-Feb-2021 17:03

I have been funding Smartshares NZ Top 50 Fund and Smartshares NZ Mid Cap Fund. These have been performing well for me - but I bought into them overtime the last few years, so buying them all now will give you a different result.

The best thing about funds is that you don't have to manage individual companies.

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eracode

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#2665820 28-Feb-2021 17:22

As MF says, buying funds that track indices will give you exposure to whole markets or parts of markets - without having to select individual stocks.

I put some money into Sharesies for the first time a couple of months ago and split it equally into three parts: Smartshares NZ Top 50, and two USD-denominated iShares ETFs that track the US S&P 500 index and the MSCI (Morgan Stanley Capital Index). The latter fund tracks world equity markets but excludes North American markets.

The USD-denominated funds also expose your return to exchange risk - which will enhance or reduce the pure equity return as the NZD fluctuates.

Very early days for us but I regard these investments as long-term holds. The Sharesies stuff forms a very small percentage of our overall investment portfolio so I’m happy to take this fairly aggressive approach for that amount.

Sometimes I just sit and think. Other times I just sit.

Handle9

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#2665822 28-Feb-2021 17:32

Agree with ETFs, just choose a passive funds with low fees. Over a long period of time passive funds with low fees as a whole will generally outperform actively managed funds, which ususally have higher fees.

If it's a couple of grand just pick something that matches your interests and have fun with it. If it's something more serious you'd want exposure to a range of funds, including bonds.

PANiCnz

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#2665884 28-Feb-2021 18:55

InvestNow will offer access to the same ETF's being recommended above, but doesn't charge the annual membership fee that Sharsies does. Might offer a few savings.

Otherwise the Simplicity funds are popular, but require a minimum $1000 investment.

mrdrifter

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#2665898 28-Feb-2021 19:44

You really need to decide if you want to actively manage your investments, or just purchase and wait. You could look at individual companies and buy ones you think will do well, or otherwise just go into funds that will grow over time.

networkn

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#2665922 28-Feb-2021 20:57

Thanks I chucked the money at ETF's in the Top 50 Fund as MF recommended.