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 | 3 | 4 | 5 | 6 | 7 | 8 | 9
193 posts

Master Geek
Inactive user


  # 1774875 3-May-2017 12:06
Send private message

Yes.

 

I just found my ASB Share Trading is already setup so I can buy ETF's easily :)
I see the smart share ETF's are listed.

 

Might try the New Zealand Top 50 (FNZ)

 

Simplicity looks like a kiwisaver fund?
Can I invest "directly" into it? (not via kiwisaver)

Oh, I found it:
https://www.simplicityfunds.kiwi/

Quite new (March 2017)

Minimum 10K which is fine.

 

I like that you can withdraw anytime :)


12 posts

Geek


  # 1774882 3-May-2017 12:19
Send private message

mattrix:

 

Yes.

 

I just found my ASB Share Trading is already setup so I can buy ETF's easily :)
I see the smart share ETF's are listed.

 

Might try the New Zealand Top 50 (FNZ)

 

Simplicity looks like a kiwisaver fund?
Can I invest "directly" into it? (not via kiwisaver)

Oh, I found it:
https://www.simplicityfunds.kiwi/

Quite new (March 2017)

Minimum 10K which is fine.

 

Yes you can buy/sell Smartshares through either ANZ/ASB Securities as they trade like individual shares. Smartshares use a market maker so there are no liquidity issues. Smartshares FNZ is definitely a great fund to start with. Also, once you invest in a Smartshares fund you can then do monthly contributions at no cost.

 

Regarding Simplicity, they started off with Kiwisaver funds but a couple of weeks ago they also launched Simplicity Investment Funds which like you said it allows you to get your money out at any time.


 
 
 
 


193 posts

Master Geek
Inactive user


  # 1774887 3-May-2017 12:22
Send private message

I have just registered with their non kiwisaver fund.
Will try out 10k on balanced fund and see how we go (I wish I could spread the $$ over the 3x funds).
Maybe for each deposit I can do that... Will see.

 

 


12 posts

Geek


  # 1774892 3-May-2017 12:28
Send private message

mattrix:

 

I have just registered with their non kiwisaver fund.
Will try out 10k on balanced fund and see how we go (I wish I could spread the $$ over the 3x funds).

 

You might be able to invest in all 3 funds. Have a look at their FAQs and also send them a message.


279 posts

Ultimate Geek

Lifetime subscriber

  # 1774924 3-May-2017 13:09
Send private message

The only issue with the balanced fund is modest returns around 5.3%.  I'm in Simplicity Kiwi Saver, and started on balanced but soon changed to growth fund.





:)


193 posts

Master Geek
Inactive user


  # 1774928 3-May-2017 13:13
Send private message

5.3% is still double the bank at least.

 

What sort of return is growth?

 

Oh, found it on their site. 6.67% for growth fund


15164 posts

Uber Geek


  # 1774933 3-May-2017 13:19
Send private message

mattrix:

5.3 is still double the bank at least.


What sort of return is growth?



You can get 3.7 for 9 months if you shop around with banks, and more for longer terms. Not great historically. I see why people have been buying houses, and there is such a big property bubble at the moment, as the returns elsewhere aren't great

 
 
 
 


12 posts

Geek


  # 1774938 3-May-2017 13:26
Send private message

I forgot to mention that you could also do weekly/monthly contributions to Simplicity Investment Funds. Something you can't do with bank term deposits!


193 posts

Master Geek
Inactive user


  # 1774946 3-May-2017 13:37
Send private message

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc. 
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.


12 posts

Geek


  # 1774951 3-May-2017 13:57
Send private message

mattrix:

 

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc. 
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.

 

You could set up an Automatic Payment yourself instead of having to give Direct Debit authority for your monthly contributions. But you will need to check with Smartshares if you can use Automatic Payments.


193 posts

Master Geek
Inactive user


  # 1774955 3-May-2017 14:04
Send private message

So, the EFT's just work like shares?
Price (hopefully) increases and I don't need to do anything?
"Hands off" pretty much?

And Simplicity Investment Fund is pretty much the same?
The "price" of the fund hopefully increases.
And I can just "sell" at that price when I want to withdraw?

 

So, again "hands off" (i don't need to re-invest interest earned)


15164 posts

Uber Geek


  # 1774956 3-May-2017 14:08
Send private message

mattrix:

 

I saw that on their website (min of $50 per month)

To be honest, there order system put me off.
Also, I really dislike giving anyone direct debit authority on my accounts.
Then I'd need to make sure the monthly contribution is there on the right date etc. 
Too many "annoyances" for me,

So, I'll just buy their funds via ASB Securities :)
I'm with ASB, so it's pretty easy to transfer $$ to my invest account and then buy their funds.

 

 

 

 

I agree. I refuse to give anyone direct debit access to my account. It seems many organisations want this to be the default option, but from my experience they are a hassle, especially if you want them stopped.. 


193 posts

Master Geek
Inactive user


  # 1774961 3-May-2017 14:20
Send private message

Such a pain to remove.
I'm pretty sure the person with the authority is the only one who can remove it.

Next time I think i'll just create a new account and use that when signing up to things that require it.
That way, I can simply close the account and create a new one to get rid of it.

 

Oh, and then you get it when they stuff up and take money early and put you in OverDraft with the large fee that comes with that.
That's fun as well.


12 posts

Geek


  # 1774990 3-May-2017 15:13
Send private message

mattrix:

 

So, the EFT's just work like shares?
Price (hopefully) increases and I don't need to do anything?
"Hands off" pretty much?

And Simplicity Investment Fund is pretty much the same?
The "price" of the fund hopefully increases.
And I can just "sell" at that price when I want to withdraw?

 

So, again "hands off" (i don't need to re-invest interest earned)

 

Yes, Smartshares ETFs are traded just like shares, prices go up/down and it's a passive investment.

 

From what I read when you invest in Simplicity Funds you purchase units in that fund and the unit prices go up and down. I recommend that you read their Documents at https://simplicityfunds.kiwi/legal to fully understand how it works.


26 posts

Geek


  # 1775064 3-May-2017 16:58
Send private message

@mattrix

 

You probably know, but you can invest in shares via rabodirect.

 

@OffTopic

 

Drifting off topic so I'll just say:

 

Some of the comments on this thread about Harmoney are somewhat, er, hm, wrong!


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



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 »

Arlo unveils its first video doorbell
Posted 21-Oct-2019 08:27


New Zealand students shortlisted for James Dyson Award
Posted 21-Oct-2019 08:18


Norton LifeLock Launches Norton 360
Posted 21-Oct-2019 08:11


Microsoft New Zealand Partner Awards results
Posted 18-Oct-2019 10:18


Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36


MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28


Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15


D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31


Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29


Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24


Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59


Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07


Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02


Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41


Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36



Geekzone Live »

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


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



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.