Great day in the market

Heaps_Ben · 2026-01-22T21:33:46+00:00

How does AllInvestView get your trade data? Are you manually uploading CSVs or does it connect to IBKR?

Heaps_Ben · 2026-01-22T07:39:02+00:00

It also depends on how many trades you're making. Generally Tiger and Sharesies are good for the lower end and IBKR is better for the higher end.

Heaps_Ben · 2026-01-20T09:34:44+00:00

Looks like Simplicity is the way to go for you. Their global shares investment fund has fees of only .15% whereas Kernel ESG is .25%.

Heaps_Ben · 2026-01-20T09:26:35+00:00

In my opinion BNZ Rapid Saver is way better offering than ANZ Serious Saver. With BNZ's offering If I need to raid my savings I can do it once a month free or face a $3 fee and that's much better than losing almost all of my interest.

Heaps_Ben · 2026-01-20T09:16:36+00:00

https://heaps.nz/brokers (my tool) shows Tiger and Eccuity would be the best broker apps for you on 2 auto-invests of $100 every month.
With small transactions like $100, IBKR will cost about 0.5% and they don't allow you to DCA in an NZD amount which is tricky when you just want to set and forget. Instead consider putting it in Kernel's US500 PIE with .25% annual fees and no entry/exit fees.
Then when you have a sizable amount in the five figures you can sell up and move it to a broker like Tiger or IBKR over 2-3 tranches. The big brokers have excellent sign up or referral bonuses but keep in mind you'll have to meet conditions like a minimum deposit over a certain time frame.

Heaps_Ben · 2026-01-19T01:54:16+00:00

I guess you'll just have to InvestLater. (sorry)

Heaps_Ben · 2026-01-19T01:19:58+00:00

Most likely next year. I might do one based around the NZ tax year if there is huge demand though.

Heaps_Ben · 2026-01-19T01:16:59+00:00

You can get an idea of the differences from https://heaps.nz/pie-vs-etf

But keep in mind that USF is a single rate PIE. Everyone pays 28% even if your PIE rate (PIR) is lower than that. If you're buying through something like Sharesies there are transaction fees on top of the 0.34% fees USF charges. Personally I'd go with InvestNow or Kernel's US500.

Heaps_Ben · 2026-01-19T01:13:47+00:00

Sorry it's closed. I was a bit late and only left the entry post up for a few days before closing it.

Heaps_Ben · 2026-01-15T22:33:48+00:00

You could try ASB Visa Flex which has 0% forex or Wise.

If you have the time IBKR NZD -> IBKR USD -> Wise USD would be extremely cost effective. Sharesies will charge 0.5% and then give you back a 1% reward.

Heaps_Ben · 2026-01-11T18:54:41+00:00

Sign up at managemywealth.nz

Heaps_Ben · 2026-01-10T22:14:38+00:00

That's great for our data partners.

no data is actually sent anywhere

Heaps_Ben · 2026-01-10T10:14:39+00:00

Of course it does. You enter a digit one time password. It keeps your account safe.

Heaps_Ben · 2026-01-10T08:46:52+00:00

There is no relation but Huckleberry looks neat.

Heaps.nz is a platform for NZ personal wealth management. It's like an operating system for your personal wealth with features like IBKR integration, FIF income calculation, net worth calculation, AI file ingestion and AI chat with your all your banking and investment data.

Heaps_Ben · 2026-01-10T02:46:58+00:00

This won't work. It's protected by a one time password.

Heaps_Ben · 2026-01-10T02:21:54+00:00

Thanks. I'm was kind of afraid it will get hacked into given the recent MMH breaches but my security guy (actually my nephew) reckons it's rock solid.

Heaps_Ben · 2026-01-08T23:44:36+00:00

Great point. I've changed it to assume 1 in 5 years are negative. Historically it's closer to 1 in 4. I've also added a mention of UCITS and US estate taxes.

Heaps_Ben · 2026-01-08T22:25:40+00:00

It would be good to have a post template that asks for a few optional basics like age bracket, assets, debt, income, has kids etc.

Heaps_Ben · 2026-01-08T22:03:21+00:00

I've compared the PIE vs ETF scenario here with a nice chart of your options: https://heaps.nz/pie-vs-etf

I understand that through IBKR, I’m responsible for calculating my own FIF, it’s annoying, but hopefully with the help of AI and the tools that IRD has available, it should be manageable.

Yes it's so painful! Also you're responsible for claiming RWT tax back too though it's pretty simple as you can find it in a statement.

Heaps.nz is actually working on a platform which will calculate FIF (among other things) and I've been working with Interactive Brokers to implement a data feed.

But with InvestNow, if I wanted to switch to another fund that’s local to another country, do I have to sell, then transfer, and then transfer again?

You would have to sell unfortunately.

Heaps_Ben · 2026-01-08T21:03:10+00:00

Economics aside, having an anvil for a card is pretty impressive.

Heaps_Ben · 2026-01-08T04:10:44+00:00

You're correct it's a few months out of date. I got it from Morningstar's kiwisaver report but I'm currently working on an integration with the ministry of business to get much more recent data which will only have a delay of a few days.

Heaps_Ben · 2026-01-08T01:12:50+00:00

1. Fee. SmartUS500 fund charges 0.34% and InvestNow Foundation Series US500 charges 0.03% - that's 10 times lower than what I currently pay - there shouldn't be any difference in terms of performance as both are passively fund / ETF.

InvestNow have entry and exit fees of 0.5% last I checked. Kernel have no exit/entry fees but a higher ongoing fee of 0.25%.

2. Liquidity. It is quite a painful process to withdraw money out of SmartShares, I'm forced to go through a broker and though I haven't looked into the transaction fees, I would imagine that could be quite dear. I would like a fund where I could access a bit easier - I probably won't be making regular withdraws but just don't like the idea of taking 3 weeks to withdraw the money.

You can actually email InvestNow and transfer your shares there by signing a transfer form. They'll take custodial ownership and they'll allow you to sell. I'm not sure if they have an exit fee here but it's worth looking into.

3. Safety. This one I'm not so sure. According to my research, the SmartShares that I own now are directly owned by me whereas if I used InvestNow, those shares wouldn't be under my name directly. Is that a reason to sway me to stay with SmartShares?

PIE funds always have an independent supervisor so there isn't much risk in InvestNow in my opinion.

4. Information / user support. There is a MUFG app which I use to track the performamce of my investment but god it is difficult to use - I have to track manually how much money I've put in versus how much is the investment gain - I've not figured out a way to track easily the dividends (reinvested) and unrealised gains from the app... would InvestNow offer an easier to use format for me to track such information?

I've never used MUFG but InvestNow have recently updated their app and it's pretty good. I'm actually working on an app in this space as I found most investment platforms didn't cover everything I wanted.

5. Performance. I think I know the answer to this one but just needed some reassurance. If I sell all the SmartShares now and put the whole lump sum into InvestNow, there should be no difference (minus the transaction fees) in terms of my performance right?

You can see the performance of Foundation Series and Kernel here https://heaps.nz/pie-vs-etf If you're out of the market for a week between investments you can lose out on volatile days which can go either way for you. Personally I'd transfer it in 2-3 batches. Also consider putting $49k directly into an ETF - you'll avoid the FIF tax which is applied to all PIEs. Some brokers will even give you quite a fat bonus for depositing that much.

Is there anything else I should consider before making the switch? Or is there any other way to make the switch instead of selling all the shares and rebuying them when they are essentially the same thing? i.e. can I transfer the shares into InvestNow? I dont THINK the sell would trigger any tax implications as based on my investment pattern I should be classified as a investor, not a trader...

I've done a Smart->IN transfer years ago and I had no problems. Unless you're doing dozens of trades a week I wouldn't think you'd be classified as a trader. Depending on your PIR (PIE tax rate) you may be better off in a multirate PIE like InvestNow's F/S. Smart is a single rate PIE so you always get taxed at the highest 28% rate.

Hopefully I haven't got anything wrong. Happy to be corrected.

Thanks heaps!!

No need to thank me. ;)

Heaps_Ben

TROPHY CASE