Sharesies Review: Unveiling the Investing Platform

Sharesies is a New Zealand-based investment platform that aims to make investing accessible to everyone. This review provides an overview of Sharesies, highlighting its features, pros and cons, and overall suitability as an investment platform.

Key Features

1. Fractional Shares:

  • Sharesies allows users to invest in fractional shares, making it possible to own a portion of high-priced stocks with smaller amounts of capital.

2. Diverse Investments:

3. User-Friendly Interface:

  • Sharesies provides an intuitive and user-friendly interface, making it easy for beginners to navigate and understand the investment process.

4. Low Minimum Investments:

  • Users can start investing with low minimum amounts, promoting accessibility for individuals who are new to investing.

5. Educational Resources:

  • Sharesies offers educational resources, including articles and guides, to help users make informed investment decisions.

Pros and Cons of Sharesies

Pros:

  1. Accessibility: Sharesies lowers the entry barrier to investing, allowing individuals to start with small amounts.
  2. Diversification: Users can easily diversify their portfolio by investing in a variety of assets, including fractional shares.
  3. User-Friendly: The platform’s interface is designed to be user-friendly, making it suitable for beginners.

Cons:

  1. Limited Market Access: Sharesies primarily focuses on the New Zealand and Australian markets, which might limit the options for international diversification.
  2. Fees: While Sharesies has low minimum investment requirements, users should be aware of the fees associated with transactions and management.

List of Alternatives To Sharesies

  1. InvestNow:
    • Highlights: Low fees, diverse investment options, KiwiSaver options.
    • Considerations: Limited educational resources compared to Sharesies.
  2. Hatch:
    • Highlights: Extensive international market access, low fees, fractional shares.
    • Considerations: Focused more on US markets.
  3. ASB Securities:
    • Highlights: Established bank-backed platform, diverse investment options.
    • Considerations: Fees may vary, may not be as user-friendly for beginners.
  4. Smartshares:
    • Highlights: Offers a range of ETFs, easy diversification.
    • Considerations: Limited to ETF investments.
  5. ANZ Securities:
    • Highlights: Established bank-backed platform, diverse investment options.
    • Considerations: Fees may vary, may not be as user-friendly for beginners.

Sharesies vs InvestNow vs Hatch vs ASB Securities

FeatureSharesiesInvestNowHatchASB Securities
Fractional SharesYesVariesYesYes
Diverse InvestmentsYesYesYesYes
User-Friendly InterfaceYesYesYesYes
Low Minimum InvestmentsYesVariesYesYes
International Market AccessLimitedLimitedExtensiveVaries
Educational ResourcesYesLimitedYesLimited
FeesTransparent fee structureLow feesTransparent fee structureFee structure varies

Is Sharesies Worth It?

Sharesies is worth considering for individuals who value accessibility, diversification, and a user-friendly interface. It’s particularly suitable for beginners or those who want to start investing with smaller amounts. However, users should carefully review the fee structure and be aware of the platform’s focus on the New Zealand and Australian markets.

Investors with specific preferences for international market exposure or advanced trading features may want to compare Sharesies with other platforms that cater to those needs.

Note: Investment decisions should be based on individual financial goals and risk tolerance. Always conduct thorough research and consider seeking advice from financial professionals.

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5/5 - (1 vote)

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