I'd suggest InvestNow for ETFs. They have no fees and auto-invest option.
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Detailed under the FAQs
https://investnow.co.nz/fund-foundation-series/
InvestNow have an article exploring several options, including the Foundation Series, with the fees evaluated:
InvestNow | Article | Tips and tricks for building a tax-efficient global shares portfolio
For what it's worth I recently moved funds from the Vanguard International Shares Exclusion Index Fund to the Foundation Series World Fund to take advantage of the PIE tax treatment (the Vanguard fund is technically an Aussie fund). Avoid some "tax leakage" as InvestNow term it. The money will need to stay put for a while to overcome the 0.5% "buy fee".
double comment
I was going off this:
https://investnow.co.nz/faq-items/wh...ees-and-costs/
I use it to invest mainly into Smartshares ETFs which should not have any transaction fees.Quote:
InvestNow does not charge any transaction or admin fees.
The investment managers on InvestNow will have different management fees and in-fund costs. You should read the relevant disclosure material for each specific fund to ascertain what the management fees, in-fund costs, buy and sell spreads (also commonly called entry and exit costs), and other costs and expenses are.
1.9% with a $25 cap is still a good deal, especially on very low value orders. For Australian orders the cap is $AUD 6. Why a 4 times lower cap in Australia? Exchange costs or Is it because Sharesies notwithstanding, share investing is still a very small minority investor activity in Aotearoa?
That's what I thought too but the Foundation Series SP500 appears to be USF (which is Smartshares) yet the buy and sell fee is 0.5%.
It is what it is. I'm not going to rant about it forever, but I do believe Sharesies customers' current disappointment/anger, is justified. I note that a "certain person" who shall remain nameless but not anonymous by any means, is taking great delight in accusing me/us of being "entitled" whingers (obviously reading this thread), and implying that Sharesies might be a good place for him to invest his large bucket of money, given the fees are so low on the plans. Yeah right. Like he is ever going to do that to any great extent. Just the usual meaningless bluster.
Nobody is acting "entitled" and nobody is whinging. We are expressing our feelings about the changes, as is our right as customers. Sharesies set the platform up for small investors. Now that those small investors have helped build the platform and get Sharesies off the ground, they have apparently had a significant change of philosophy, and are now more interested in pandering to the large investors, who are the ones who stand to benefit from the monthly plans.
This isn't really even about the money. It is about principles, loyalty and trust. Once you lose sight of your principles, take your customers for granted, and lose their trust - your chances of ever winning them back are close to zilch.