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 
1489 posts

Uber Geek
+1 received by user: 505

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.


82 posts

Master Geek
+1 received by user: 9


  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? 

 
 
 
 




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.

1489 posts

Uber Geek
+1 received by user: 505

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

1489 posts

Uber Geek
+1 received by user: 505

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 »

Nova 2i: Value, not excitement from Huawei
Posted 17-Jan-2018 09:02


Less news in Facebook News Feed revamp
Posted 15-Jan-2018 13:15


Australian Government contract awarded to Datacom Connect
Posted 11-Jan-2018 08:37


Why New Zealand needs a chief technology officer
Posted 6-Jan-2018 13:59


Amazon release Silk Browser and Firefox for Fire TV
Posted 21-Dec-2017 13:42


New Chief Technology Officer role created
Posted 19-Dec-2017 22:18


All I want for Christmas is a new EV
Posted 19-Dec-2017 19:54


How clever is this: AI will create 2.3 million jobs by 2020
Posted 19-Dec-2017 19:52


NOW to deploy SD-WAN to regional councils
Posted 19-Dec-2017 19:46


Mobile market competition issues ComCom should watch
Posted 18-Dec-2017 10:52


New Zealand government to create digital advisory group
Posted 16-Dec-2017 08:47


Australia datum changes means whole country moving 1.8 metres north-east
Posted 16-Dec-2017 08:39


UAV Traffic Management Trial launching today in New Zealand
Posted 12-Dec-2017 16:06


UFB connections pass 460,000
Posted 11-Dec-2017 11:26


The Warehouse Group to adopt IBM Cloud to support digital transformation
Posted 11-Dec-2017 11:22



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.