Investing in New Zealand might seem daunting, but platforms like Sharesies are revolutionizing the way Kiwis access financial markets. If you're asking "What is Sharesies?" and "How can I start investing with Sharesies NZ?", you've come to the right place. This comprehensive guide will walk you through everything you need to know to begin your investment journey with Sharesies, empowering you to take control of your financial future.

What is Sharesies NZ?

Sharesies is a New Zealand-based investment platform that aims to make investing accessible to everyone. Launched in 2017, its core mission is to reduce the barriers to entry for investing, allowing individuals to invest in a wide range of assets with small amounts of money. Unlike traditional brokers, Sharesies offers a user-friendly app and website, simplifying the process of buying and selling shares, exchange-traded funds (ETFs), and even P2P loans. The platform is designed for both novice investors and those looking for a simpler way to manage their portfolios.

Getting Started with Your Sharesies Account

Setting up an account with Sharesies NZ is a straightforward process designed to get you investing quickly. Here's how to get started:

1. Download the App or Visit the Website:

You can access Sharesies through their mobile app (available on iOS and Android) or via their website. The interface is designed to be intuitive and easy to navigate, regardless of your tech-savviness.

2. Sign Up and Verify Your Identity:

As a financial service, Sharesies requires you to create an account and verify your identity. This typically involves providing your personal details, such as your name, date of birth, and address. You'll likely need to upload a photo of your driver's license or passport to complete the Know Your Customer (KYC) process. This is a standard security measure to protect both you and the platform.

3. Fund Your Account:

Once your account is verified, you'll need to deposit funds to start investing. Sharesies supports various funding methods, including bank transfers and potentially other instant payment options. You can deposit any amount, allowing you to start small and gradually increase your investment as you become more comfortable.

4. Choose Your Investments:

With funds in your account, you're ready to explore the investment options available on Sharesies. The platform offers a diverse selection, catering to different risk appetites and investment goals.

Investment Options on Sharesies NZ

Sharesies provides access to a broad spectrum of investment opportunities, making it a versatile platform for many types of investors. Here are some of the key investment options available:

Shares (Stocks):

Sharesies allows you to buy shares in a multitude of companies listed on various stock exchanges. This includes major New Zealand companies listed on the NZX, as well as prominent companies listed on the ASX (Australia) and US exchanges. By owning shares, you become a part-owner of these companies and can benefit from their growth and potential dividend payouts.

Exchange-Traded Funds (ETFs):

ETFs are a popular choice for diversification. They are baskets of assets (like shares, bonds, or commodities) that trade on an exchange like a single stock. Sharesies offers a wide range of ETFs, allowing you to invest in broad market indexes (e.g., the S&P 500), specific sectors (e.g., technology or healthcare), or even different asset classes. ETFs are a cost-effective way to gain exposure to a diversified portfolio with a single investment.

P2P Lending:

Sharesies also offers access to peer-to-peer (P2P) lending through platforms like Harmoney. This allows you to lend money to individuals or businesses and earn interest on your loans. P2P lending can offer attractive returns but also comes with higher risks compared to traditional investments.

Ring-fenced Investments:

Sharesies provides access to unique investment opportunities that are 'ring-fenced', meaning they are held separately from the company's assets. These can include investments in private companies, social impact bonds, or other specialised funds. These opportunities often have specific terms and may require a higher minimum investment.

Fees and Costs on Sharesies

Understanding the fee structure is crucial when choosing an investment platform. Sharesies has a transparent fee model designed to be affordable, especially for smaller investments:

• Transaction Fees: Sharesies charges a small percentage-based fee for each transaction (buy or sell). This fee is typically tiered, with lower fees for larger transaction amounts. For example, the fee might be 0.50% + GST for transactions up to $25,000, with a minimum fee of $0.50 + GST per order.
• Management Fees: For certain investments, particularly managed funds or ETFs, there might be additional management fees charged by the fund provider. Sharesies will clearly display these fees so you know the total cost of ownership.
• No Account Fees: A significant advantage of Sharesies is that they generally do not charge monthly or annual account management fees, which can be a common cost with other platforms.

It's always recommended to check the latest fee schedule on the Sharesies website for the most up-to-date information.

Investing with a Purpose: Socially Responsible Investing (SRI)

For many investors, aligning their investments with their values is increasingly important. Sharesies acknowledges this by offering a range of Socially Responsible Investment (SRI) options. These investments focus on companies and funds that meet specific ethical, environmental, and social criteria. Whether you're interested in sustainable energy, ethical businesses, or companies with strong governance, Sharesies provides pathways to invest in a way that reflects your personal values.

Frequently Asked Questions (FAQ)

Q1: Is Sharesies safe to invest with in NZ?

A1: Yes, Sharesies is regulated by the Financial Markets Authority (FMA) in New Zealand, which provides a layer of oversight and investor protection. They also employ robust security measures to protect your account and personal information.

Q2: What is the minimum amount I can invest with Sharesies?

A2: You can start investing with Sharesies with as little as $1. This low barrier to entry is one of the platform's key features, making it accessible for everyone.

Q3: Can I invest in international shares through Sharesies?

A3: Yes, Sharesies provides access to a range of international markets, including the US and Australia, allowing you to invest in global companies.

Q4: How do I withdraw money from Sharesies?

A4: You can withdraw funds from your Sharesies account back to your linked bank account. The process is typically straightforward via the app or website.

Conclusion: Take the First Step Towards Financial Growth with Sharesies

Sharesies NZ has democratized investing in New Zealand, making it easier than ever for individuals to start building wealth. With its user-friendly platform, low minimum investment amounts, and diverse range of investment options, Sharesies empowers you to take control of your financial future. Whether you're looking to invest in your favourite companies, diversify with ETFs, or align your investments with your values, Sharesies provides the tools and resources you need to succeed. Don't wait – take the first step today and begin your investment journey with Sharesies.