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1750 posts

Uber Geek
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  Reply # 1471023 14-Jan-2016 16:05
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Ive been buying smart shares since they were floated 10 years ago.

I set up a DD which buys them each month as part of my general savings plan with dividends being paid in further units. Just set it up and ignore it.

A.


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  Reply # 1471034 14-Jan-2016 16:14
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@afe66

Just curious: have you thought about comparing the performance of your fund with other options on the market? Or you are quite satisfied with yours? 



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Ultimate Geek
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  Reply # 1471066 14-Jan-2016 16:29

afe66: Ive been buying smart shares since they were floated 10 years ago.

I set up a DD which buys them each month as part of my general savings plan with dividends being paid in further units. Just set it up and ignore it.

A.



That's exactly what I want to do.

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  Reply # 1471204 14-Jan-2016 18:06
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GeekRay: @afe66

Just curious: have you thought about comparing the performance of your fund with other options on the market? Or you are quite satisfied with yours? 


My smartshares running about 8% return so certainly better than the actively managed unit trusts by mother bought as a 21st present many many many years ago that barely made inflation, other high units running a little more than smart shares.

Ive tried picking shares with some successful but have also lost my shirt in others.

So I have a mixture of index and active managed funds. The index ones I've had for years on the side while paying off student loan/mortgage and the active ones have only being going for a couple of years so too soon to know.

Reading around the topic it seems over a long period of time passive index funds do better than 50% of the managed ones so I am happy with study returns rather than massive high/lows.

We wont be retiring til 70 anyway....


A.





511 posts

Ultimate Geek
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  Reply # 1471629 15-Jan-2016 09:33

@afe66

With Smartshares how does the IRD tax work? You mentioned that your returns are reinvested into more shares, which is what I am thinking of doing. 
Does Smartshare pay the taxman + take there fee etc and  then give you the balance? I can't see this information on there website.

Example with RaboDirect they mentioned on there website that they debit the account if you owe tax. 

https://www.rabodirect.co.nz/cash-funds/managed-funds/faqs/default.aspx#item-120304

Is this similar to Smartshares or I am just confused with managed funds vs index? yell

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  Reply # 1472156 15-Jan-2016 19:04
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Smart shares know my tax rate and remove it from the dividend (and management fee) and turn the returns into units.

They are in a PIE so they just remove 28% and the dividends dont need to be declared to the tax man. (this is specifically mentioned on the dividend statement)

A.



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