Big news ahead guys. BIG news.
Before you get too deep in this blog, catch up on how our family has been getting started with Sharesies so far this year; Post 1 > My kids have a share portfolio, Post 2 > Set and Forget – Investing just got easier.
Homework done? Righto New Zealand families, let’s level up our investing!
When I was at Auckland Uni 20 years ago, I worked for years at a small owner-operated burger bar in Ponsonby you may have heard of, Burger Fuel??? Yeah. It’s quite yum aye? Anywho, as employees, we were offered preferential purchase of shares when they listed publicly for the first time. I remember seriously considering the option to buy and then remembering the seriousness of my lack of disposable income as a Master’s student. I don’t regret many things in my life but taking a chance on a company I knew and loved is something I wish I had prioritised. Hindsight, they say lol.
I didn’t know how to begin investing when I was a student, nor did I know how to begin investing last year when I was a 39-year-old married mother of two. Oh, how times have changed! Learning the ropes and taking some baby steps through the Sharesies portal during the past few months has been an easy, common sense and seriously accessible way to diversify our family’s ongoing savings.
Our Sharesies portfolios have been growing (helped along by the auto-invest functionality) and just this month, a new investment opportunity has been launched by the Sharesies team. Everyday Kiwis like you and me can now buy individual shares in publicly listed companies via our Sharesies accounts – just like big-time investors do!
We’ve got some bucket list trips we want to do with the boys (big, expensive trips i.e. South America) so I’m starting to get a savings plan in place. I’ve got my brand new copy of The Barefoot Investor lined up in the nightstand reading pile, and I am going to kick-start our next trip fund by pulling some money out of our low-interest bank accounts and buying some individual shares – for the first time ever!
Once I started looking at which companies were listed on the NZX, I began to get a little excited. Some immediately grabbed my attention as they are companies I’ve either worked for or am a customer of – and putting my money with a brand I have an existing relationship with feels right to me. Other options just make me excited because of their growth potential, ergo, my savings growth potential lol. Lucky for us novice investors, the historical info provided on Sharesies is presented in an easy to understand, very visual way on my dashboard.
Ethan (year 10) is saving hard right now for a new computer and wants to time his purchase around his birthday at the end of the year. The ‘upward trending’ graphs of certain investments are proving attractive to him, as well as the fact that he can sell shares, or fractions of shares, whenever he decides is right for him i.e. when he finds the best deal on his computer!
Buying shares feels like one of those ‘grown-up’ situations that mark certain, weird little moments in my life. I felt this way when we purchased our first brand new king size bed, a new oven to replace the existing one (like, WTH, did our family just ‘wear out’ an oven???), and oddly when we lost our much-loved family dog last week to old age and illness.
But, investing is a very positive, grown-up thing to do. I think the reason buying individual shares via Sharesies feels so different from purchasing managed funds or ETFs as I’ve previously done on the platform, comes down to one word – control. I can invest exactly where I want, in amounts that are exactly right for me and our goals as a family.
Our initial Sharesies investments in ETFs and managed funds were an awesome way to dip our toes in and get our heads around putting our money somewhere other than a savings account. But now that Sharesies is an NZX participant, I’m totally inspired to diversify our savings even further and I’m so stoked that the boys and I can do it via the easy platform we are already used to.
I’m legit excited about what this means for other Kiwi Mums, Dads and kids. Access to investment opportunities like this has not been available in NZ before, which is why Sharesies (and I) are so excited about this. My first official trade was a ‘green’ one which was cool! I purchased just over 140 shares in NZ Windfarms and the Sharesies transaction fee was only $0.10 – other providers could have charged up to $30 per trade!
Sharesies is removing many of the barriers to investing with their unique platform, letting everyday Kiwis like me invest whatever they can afford. Over time I’m convinced this will usher in a fresh perspective on how we all think about ‘money in the bank.’