Correct. Thank-you.
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Is Hatch or Sharesies better?
https://www.stuff.co.nz/business/124...aresies-better
looks like hatch better for trades over $500 where as sharesis better for trades under $500
I’d say that article wasn’t fit to be published.. writer states the 1c/share (after first 300) is ‘much more affordable’ then completely leaves it out of the equation in his charts. He also seems to quote hatch fees in USD and Sharesies in a bit of both.
A $1000 investment such as in his chart does cost $5 for sharesies, but only costs the $3 he quotes for hatch if you’re buying less than 300 shares ($3.33 per share, or higher). As soon as you’re buying shares worth $2/ea or less, you begin to break even with, then overtake Sharesies for fees.
$1000 of OCA at say $1.56 = ~641 shares. $5 Sharesies fee, $6.41 for Hatch.
He lists the fee for a $10k transaction as $50 for Sharesies.. when it should be $22 by my working.
$10k OCA at $1.56 = ~6,410 shares.
$22 Sharesies fee. $64.10 Hatch fee.
(If his quoted fees are correct)
Seem to need to spend ~$4.54 a share to bring the Hatch fee down to match Sharesies at that buy value.
So in short - Hatch should be cheaper if you’re only buying higher-value shares - FPH, ATM, MFT etc. but you would have had a bit of a blowout trying to grab some PEB back at 64c, or SKT at 15c!
Or are my numbers as bad as his?
Also look at Stake. They have no fees but charge FX @ 1% where Sharesies and Hatch roll that into their fee structure. Stake is US only
https://www.moneyhub.co.nz/sharesies...-vs-stake.html
....and don't forget Sharesies has a monthly (or annual) subscription cost
Word has it that Hatch is going to be having ASX and NZX shares soon.
Does anybody here hold KFL with Sharesies by any chance? If so, were you able to access the warrants exercise application form they emailed you? Not working for me.
Yes and it worked for me too. Hope they work out buying and selling if warrents one day but for now I'm happy taking all I can get my hands on!