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.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
1641 posts

Uber Geek
+1 received by user: 589

Lifetime subscriber

  Reply # 1471023 14-Jan-2016 16:05
Send private message

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.


95 posts

Master Geek
+1 received by user: 10


  Reply # 1471034 14-Jan-2016 16:14
Send private message

@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? 

 
 
 
 


Try Wrike: fast, easy, and efficient project collaboration software


506 posts

Ultimate Geek
+1 received by user: 28


  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.

1641 posts

Uber Geek
+1 received by user: 589

Lifetime subscriber

  Reply # 1471204 14-Jan-2016 18:06
One person supports this post
Send private message

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.





506 posts

Ultimate Geek
+1 received by user: 28


  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

1641 posts

Uber Geek
+1 received by user: 589

Lifetime subscriber

  Reply # 1472156 15-Jan-2016 19:04
Send private message

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.



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



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Opera launches new mobile browser: Opera Touch
Posted 25-Apr-2018 20:45


TCF and Telcos Toughen Up on Scam Callers
Posted 23-Apr-2018 09:39


Amazon launches the International Shopping Experience in the Amazon Shopping App
Posted 19-Apr-2018 08:38


Spark New Zealand and TVNZ to bring coverage of Rugby World Cup 2019
Posted 16-Apr-2018 06:55


How Google can seize Microsoft Office crown
Posted 14-Apr-2018 11:08


How back office transformation drives IRD efficiency
Posted 12-Apr-2018 21:15


iPod laws in a smartphone world: will we ever get copyright right?
Posted 12-Apr-2018 21:13


Lightbox service using big data and analytics to learn more about customers
Posted 9-Apr-2018 12:11


111 mobile caller location extended to iOS
Posted 6-Apr-2018 13:50


Huawei announces the HUAWEI P20 series
Posted 29-Mar-2018 11:41


Symantec Internet Security Threat Report shows increased endpoint technology risks
Posted 26-Mar-2018 18:29


Spark switches on long-range IoT network across New Zealand
Posted 26-Mar-2018 18:22


Stuff Pix enters streaming video market
Posted 21-Mar-2018 09:18


Windows no longer Microsoft’s main focus
Posted 13-Mar-2018 07:47


Why phone makers are obsessed with cameras
Posted 11-Mar-2018 12:25



Geekzone Live »

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



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.